1035 12TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924120097

Property Overview

Parcel ID2402924120097

Lot Size5,019 sq ft (0.115 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerCHAD WOJTOWICK

Assessed Value$393,700

Land Value$91,000

Building Value$302,700

Annual Tax$7,476

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~2,562 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 2,562 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
1031 12TH AVE S E MINNEAPOLIS MN 55414	T G LINN & C NASE	RESIDENTIAL	$352,600	40 ft
1041 12TH AVE S E MINNEAPOLIS MN 55414	BENJAMIN A KRULL ET AL TRUST	RESIDENTIAL-TWO UNIT	$399,500	60 ft
1025 12TH AVE S E MINNEAPOLIS MN 55414	ELWELLS LLC	RESIDENTIAL-TWO UNIT	$343,700	80 ft
1047 12TH AVE S E MINNEAPOLIS MN 55414	DON K HACKETT	RESIDENTIAL	$296,300	120 ft
1010 11TH AVE S E MINNEAPOLIS MN 55414	TALMAGE OAKLAND LP	LOW INCOME RENTAL	$4,047,000	136 ft
1015 12TH AVE S E MINNEAPOLIS MN 55414	MARY SUE COMFORT REVOC TRUST	APARTMENT	$1,361,000	161 ft
1051 12TH AVE S E MINNEAPOLIS MN 55414	JAMES T EISCHENS	RESIDENTIAL	$312,900	161 ft
1034 12TH AVE S E MINNEAPOLIS MN 55414	CASSANDRA D LYONS	RESIDENTIAL	$354,500	194 ft
1030 12TH AVE S E MINNEAPOLIS MN 55414	502 BROTHERS LLC	RESIDENTIAL	$211,400	198 ft
1038 12TH AVE S E MINNEAPOLIS MN 55414	NOEL CHRISTINE SWITZER	RESIDENTIAL	$282,400	198 ft

Property History

Most Recent Sale

Date200906

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,476