1092 15TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924110076

Property Overview

Parcel ID2402924110076

Lot Size5,291 sq ft (0.121 ac)

Lot Dimensions (est.)132 ft wide × 40 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerCATHERINE A M COLLINS

Assessed Value$293,400

Land Value$94,000

Building Value$199,400

Annual Tax$4,260

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,416/mo

Renter-occupied87.3%

Median home value$321K

Vacancy rate6.1%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.02

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth92 ft

Area~2,767 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,767 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1090 15TH AVE S E MINNEAPOLIS MN 55414	ANDREW LEVIN	RESIDENTIAL	$305,700	40 ft
1098 15TH AVE S E MINNEAPOLIS MN 55414	BROCK MITCHELL	RESIDENTIAL	$282,700	40 ft
1084 15TH AVE S E MINNEAPOLIS MN 55414	A J CARLSON/T M CARLSON ETAL	RESIDENTIAL	$303,600	80 ft
1100 15TH AVE S E MINNEAPOLIS MN 55414	J J ELLERING & K A ELLERING	RESIDENTIAL-TWO UNIT	$396,600	81 ft
1080 15TH AVE S E MINNEAPOLIS MN 55414	JAMES J GIESE	RESIDENTIAL	$422,000	120 ft
1104 15TH AVE S E MINNEAPOLIS MN 55414	CHRISTINE GALE/JONATHAN GALE	RESIDENTIAL	$338,700	121 ft
1093 16TH AVE S E MINNEAPOLIS MN 55414	1093 16TH LLC	RESIDENTIAL	$365,200	131 ft
1099 16TH AVE S E MINNEAPOLIS MN 55414	RANDALL D DOUTHITT	RESIDENTIAL	$208,200	137 ft
1091 16TH AVE S E MINNEAPOLIS MN 55414	MARK A & ANN D JOHNSON	RESIDENTIAL-TWO UNIT	$391,800	138 ft
1103 16TH AVE S E MINNEAPOLIS MN 55414	JENNIFER FRANKO	RESIDENTIAL	$294,900	154 ft

Property History

Current Tax Year

Year2026

Tax Due$4,260