1053 15TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924110116

Property Overview

Parcel ID2402924110116

Lot Size3,171 sq ft (0.073 ac)

Lot Dimensions (est.)92 ft wide × 35 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerR R RITER & D L RITER

Assessed Value$240,300

Land Value$71,000

Building Value$169,300

Annual Tax$3,720

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 width25 ft

Buildable depth51 ft

Area~1,271 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 1,271 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1057 15TH AVE S E MINNEAPOLIS MN 55414	JAMES T EISCHENS	RESIDENTIAL-TWO UNIT	$319,400	38 ft
1051 15TH AVE S E MINNEAPOLIS MN 55414	CAROL R HORSWILL	RESIDENTIAL	$310,500	42 ft
1410 TALMAGE AVE S E MINNEAPOLIS MN 55414	ALISSA J ANG & RYAN ANG	RESIDENTIAL	$220,700	69 ft
1045 15TH AVE S E MINNEAPOLIS MN 55414	W LUETZEN & P COLLETTE	RESIDENTIAL	$345,700	80 ft
1041 15TH AVE S E MINNEAPOLIS MN 55414	ANTHONY NGO & RUBY LEO	TRIPLEX	$541,000	139 ft
1054 14TH AVE S E MINNEAPOLIS MN 55414	G C BOYCE-ERICKSON/G LAURENT	RESIDENTIAL	$197,700	151 ft
1061 15TH AVE S E MINNEAPOLIS MN 55414	GRDK LLC	RESIDENTIAL-TWO UNIT	$306,700	152 ft
1050 14TH AVE S E MINNEAPOLIS MN 55414	BRUCE A GEBHART	RESIDENTIAL	$303,500	156 ft
1058 14TH AVE S E MINNEAPOLIS MN 55414	WENDY A MENKEN	RESIDENTIAL	$316,200	157 ft
1415 TALMAGE AVE S E MINNEAPOLIS MN 55414	JPMP LLC	RESIDENTIAL	$191,700	162 ft

Property History

Most Recent Sale

Date199405

Price$84,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,720