1079 15TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924110094

Property Overview

Parcel ID2402924110094

Lot Size5,293 sq ft (0.122 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerPRIME HOLDINGS LLC

Assessed Value$250,500

Land Value$94,000

Building Value$156,500

Annual Tax$3,878

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

Como · 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
1083 15TH AVE S E MINNEAPOLIS MN 55414	JACQUELINE M BECK	RESIDENTIAL-TWO UNIT	$408,100	40 ft
1071 15TH AVE S E MINNEAPOLIS MN 55414	AARON R SCHUELLER	RESIDENTIAL	$152,000	40 ft
1087 15TH AVE S E MINNEAPOLIS MN 55414	GOGOPHER RENTALS LLC	RESIDENTIAL	$225,500	80 ft
1067 15TH AVE S E MINNEAPOLIS MN 55414	LARS STENBERG	RESIDENTIAL-TWO UNIT	$368,900	90 ft
1091 15TH AVE S E MINNEAPOLIS MN 55414	GOGOPHER RENTALS LLC	RESIDENTIAL	$241,700	120 ft
1076 14TH AVE S E MINNEAPOLIS MN 55414	BMK INVESTMENTS I LLC	RESIDENTIAL-TWO UNIT	$745,300	131 ft
1074 14TH AVE S E MINNEAPOLIS MN 55414	COMO RENTALS 1074 LLC	RESIDENTIAL-TWO UNIT	$472,800	137 ft
1082 14TH AVE S E MINNEAPOLIS MN 55414	C M MAEHLING & N E MAEHLING	RESIDENTIAL	$278,500	139 ft
1061 15TH AVE S E MINNEAPOLIS MN 55414	GRDK LLC	RESIDENTIAL-TWO UNIT	$306,700	151 ft
1415 TALMAGE AVE S E MINNEAPOLIS MN 55414	JPMP LLC	RESIDENTIAL	$191,700	152 ft

Property History

Most Recent Sale

Date200905

Price$160,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,878