1091 15TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924110091

Property Overview

Parcel ID2402924110091

Lot Size5,293 sq ft (0.122 ac)

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

Year Built1918

Property ClassRESIDENTIAL

OwnerGOGOPHER RENTALS LLC

Assessed Value$241,700

Land Value$94,000

Building Value$147,700

Annual Tax$3,742

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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~2,768 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 2,768 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
1095 15TH AVE S E MINNEAPOLIS MN 55414	BLACK-EYED SUSAN CLUB LLC	RESIDENTIAL-TWO UNIT	$341,000	40 ft
1087 15TH AVE S E MINNEAPOLIS MN 55414	GOGOPHER RENTALS LLC	RESIDENTIAL	$225,500	40 ft
1099 15TH AVE S E MINNEAPOLIS MN 55414	BLUEGILL SUNFISH LLC	RESIDENTIAL-TWO UNIT	$332,400	80 ft
1083 15TH AVE S E MINNEAPOLIS MN 55414	JACQUELINE M BECK	RESIDENTIAL-TWO UNIT	$408,100	80 ft
1101 15TH AVE S E MINNEAPOLIS MN 55414	L M BAETE & R W VENBERG	RESIDENTIAL	$304,500	120 ft
1079 15TH AVE S E MINNEAPOLIS MN 55414	PRIME HOLDINGS LLC	RESIDENTIAL	$250,500	120 ft
1088 14TH AVE S E MINNEAPOLIS MN 55414	WISE INVESTMENTS LLC	RESIDENTIAL	$307,900	134 ft
1092 14TH AVE S E MINNEAPOLIS MN 55414	B R GERRITS & K M GERRITS	RESIDENTIAL	$260,400	134 ft
1096 14TH AVE S E MINNEAPOLIS MN 55414	MEGAN MULLEN & JASON CARTER	RESIDENTIAL	$465,500	149 ft
1082 14TH AVE S E MINNEAPOLIS MN 55414	C M MAEHLING & N E MAEHLING	RESIDENTIAL	$278,500	151 ft

Property History

Most Recent Sale

Date201210

Price$135,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$3,742