1073 12TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924120069

Property Overview

Parcel ID2402924120069

Lot Size5,017 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built0

Property ClassVACANT LAND-RESIDENTIAL

OwnerCLINTON & KATHERINE WRAY

Assessed Value$91,000

Land Value$91,000

Building Value$0

Annual Tax$1,729

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 depth85 ft

Area~2,561 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 2,561 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1079 12TH AVE S E MINNEAPOLIS MN 55414	ADAM M WRUCKE	RESIDENTIAL	$322,400	40 ft
1071 12TH AVE S E MINNEAPOLIS MN 55414	D & D REAL ESTATE HLDGS LLC	RESIDENTIAL	$307,600	40 ft
1067 12TH AVE S E MINNEAPOLIS MN 55414	ZAHARA REAL ESTATE LLC	RESIDENTIAL	$252,300	80 ft
1081 12TH AVE S E MINNEAPOLIS MN 55414	JOHN R PEMBLE	RESIDENTIAL	$222,100	81 ft
1063 12TH AVE S E MINNEAPOLIS MN 55414	THE 1063 LLC	RESIDENTIAL	$297,700	118 ft
1087 12TH AVE S E MINNEAPOLIS MN 55414	ZENGQU LIN & YIYING NI	RESIDENTIAL	$238,900	121 ft
1074 11TH AVE S E MINNEAPOLIS MN 55414	1074 11TH AVENUE SE LLC	RESIDENTIAL	$226,000	138 ft
1070 11TH AVE S E MINNEAPOLIS MN 55414	WILLIAM M FISCHER	RESIDENTIAL	$294,200	144 ft
1078 11TH AVE S E MINNEAPOLIS MN 55414	BITTERCRESS LLC	RESIDENTIAL-TWO UNIT	$297,200	144 ft
1066 11TH AVE S E MINNEAPOLIS MN 55414	RICHARD C ESTREM	RESIDENTIAL-TWO UNIT	$344,000	160 ft

Property History

Most Recent Sale

Date198310

Price$37,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$1,729