708 13TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924130069

Property Overview

Parcel ID2402924130069

Lot Size2,564 sq ft (0.059 ac)

Lot Dimensions (est.)95 ft wide × 27 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerT HARMSEN & K I HARMSEN

Assessed Value$327,300

Land Value$116,000

Building Value$211,300

Annual Tax$5,067

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

Marcy Holmes · Minneapolis

Median reported rent1,248/mo

Renter-occupied98.0%

Median home value$362K

Vacancy rate16.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1039

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 width32 ft

Buildable depth21 ft

Area~758 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 sfr / adu benchmarks for 758 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
710 13TH AVE S E MINNEAPOLIS MN 55414	710 13TH AVE SE LLC	RESIDENTIAL-TWO UNIT	$796,900	53 ft
1301 7TH ST S E MINNEAPOLIS MN 55414	T C & K L HARMSEN	APARTMENT	$725,000	64 ft
1307 7TH ST S E MINNEAPOLIS MN 55414	DINKYTOWN RENTALS LLC	TRIPLEX	$1,026,200	68 ft
716 13TH AVE S E MINNEAPOLIS MN 55414	716 13TH AVE SE LLC	RESIDENTIAL-TWO UNIT	$895,200	86 ft
1309 7TH ST S E MINNEAPOLIS MN 55414	TANGERINE LLC	TRIPLEX	$459,800	111 ft
718 13TH AVE S E MINNEAPOLIS MN 55414	718 13TH AVE SE LLC	RESIDENTIAL-TWO UNIT	$828,900	126 ft
1229 7TH ST S E MINNEAPOLIS MN 55414	DINKYTOWN REALTY LLC	TRIPLEX	$604,000	144 ft
1315 7TH ST S E MINNEAPOLIS MN 55414	1331 8TH ST LLC	RESIDENTIAL-TWO UNIT	$626,800	157 ft
722 13TH AVE S E MINNEAPOLIS MN 55414	ANNE WEISENSEE/TODD PURTELL	RESIDENTIAL	$458,500	164 ft
1312 8TH ST S E MINNEAPOLIS MN 55414	1312 8TH ST SE LLC	APARTMENT	$2,090,000	181 ft

Property History

Most Recent Sale

Date200407

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,067