1026 14TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924110130

Property Overview

Parcel ID2402924110130

Lot Size7,945 sq ft (0.182 ac)

Lot Dimensions (est.)132 ft wide × 60 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerC W & B J CHRISTOFFERSON

Assessed Value$347,200

Land Value$111,000

Building Value$236,200

Annual Tax$6,594

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 width50 ft

Buildable depth92 ft

Area~4,615 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 4,615 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1020 14TH AVE S E MINNEAPOLIS MN 55414	K & R STRATEGIC INVSTMTS LLC	RESIDENTIAL	$413,800	50 ft
1030 14TH AVE S E MINNEAPOLIS MN 55414	CLAIRE A WESTRUM ET AL	RESIDENTIAL-TWO UNIT	$427,100	50 ft
1034 14TH AVE S E MINNEAPOLIS MN 55414	CAPEX CRE LLC	RESIDENTIAL-TWO UNIT	$325,600	90 ft
1016 14TH AVE S E MINNEAPOLIS MN 55414	BRANDON EGGUM/KATRINA EGGUM	RESIDENTIAL-TWO UNIT	$459,500	100 ft
1038 14TH AVE S E MINNEAPOLIS MN 55414	S RAMASWAMY & U TSCHIRNER	RESIDENTIAL	$366,700	131 ft
1025 15TH AVE S E MINNEAPOLIS MN 55414	1025 15TH AVE SE LLC	RESIDENTIAL	$376,000	132 ft
1031 15TH AVE S E MINNEAPOLIS MN 55414	SUSAN R GORMAN	RESIDENTIAL	$419,600	141 ft
1019 15TH AVE S E MINNEAPOLIS MN 55414	GOPHER INVESTMENT LLC	RESIDENTIAL	$453,000	145 ft
1033 15TH AVE S E MINNEAPOLIS MN 55414	SUSAN R GORMAN	RESIDENTIAL	$267,200	159 ft
1042 14TH AVE S E MINNEAPOLIS MN 55414	GRACE K LAURENT ET AL	RESIDENTIAL	$412,300	171 ft

Property History

Most Recent Sale

Date198510

Price$62,500

Type—

Current Tax Year

Year2026

Tax Due$6,594