1023 17TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924110173

Property Overview

Parcel ID2402924110173

Lot Size5,570 sq ft (0.128 ac)

Lot Dimensions (est.)132 ft wide × 42 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

Owner17TH AVE SH LLC

Assessed Value$620,300

Land Value$96,000

Building Value$524,300

Annual Tax$11,780

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 depth99 ft

Area~2,961 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 2,961 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1027 17TH AVE S E MINNEAPOLIS MN 55414	KLP REAL ESTATE LLC	RESIDENTIAL	$306,000	40 ft
1017 17TH AVE S E MINNEAPOLIS MN 55414	WAYNE D WATSON ET AL	RESIDENTIAL-TWO UNIT	$431,700	41 ft
1029 17TH AVE S E MINNEAPOLIS MN 55414	SARMA JATNIEKS STRAUMANIS	RESIDENTIAL	$269,900	79 ft
1015 17TH AVE S E MINNEAPOLIS MN 55414	WAYNE WATSON & LISA ANDERSON	RESIDENTIAL	$313,400	81 ft
1035 17TH AVE S E MINNEAPOLIS MN 55414	DDMZ REAL ESTATE LLC	RESIDENTIAL	$341,300	119 ft
1022 16TH AVE S E MINNEAPOLIS MN 55414	SARAH M BUSS	RESIDENTIAL	$432,000	132 ft
1024 16TH AVE S E MINNEAPOLIS MN 55414	STEVEN J HYNNEK	RESIDENTIAL	$158,000	137 ft
1018 16TH AVE S E MINNEAPOLIS MN 55414	1202 COMO S E LLC	RESIDENTIAL-TWO UNIT	$635,800	138 ft
1030 16TH AVE S E MINNEAPOLIS MN 55414	1030 16TH AVE SE LLC	RESIDENTIAL	$604,600	154 ft
1014 16TH AVE S E MINNEAPOLIS MN 55414	GOPHER INVESTMENT VII LLC	RESIDENTIAL-TWO UNIT	$731,100	155 ft

Property History

Most Recent Sale

Date202203

Price$373,196

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,780