Property Overview

Parcel ID2402924130239

Lot Size38,907 sq ft (0.893 ac)

Lot Dimensions (est.)182 ft wide × 213 ft deep

Year Built2018

Property ClassCOOPERATIVE HOUSING

OwnerBROOK AVE STUDENT HSG CO-OP

Assessed Value$107,100

Land Value$4,900

Building Value$102,200

Annual Tax$1,140

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 rent1,734/mo

Renter-occupied73.3%

Median home value$337K

Vacancy rate15.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1040.01

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

Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value
1220 BROOK AVE S E MINNEAPOLIS MN 55414	RIVERTON COMMUNITY HOUSING	COOPERATIVE HOUSING	$17,955,000
1220 BROOK AVE S E MINNEAPOLIS MN 55414	BROOK AVE STUDENT HSG CO-OP	COOPERATIVE HOUSING	$202,800
1220 BROOK AVE S E MINNEAPOLIS MN 55414	BROOK AVE STUDENT HSG CO-OP	COOPERATIVE HOUSING	$202,800
1220 BROOK AVE S E MINNEAPOLIS MN 55414	BROOK AVE STUDENT HSG CO-OP	COOPERATIVE HOUSING	$194,600
1220 BROOK AVE S E MINNEAPOLIS MN 55414	BROOK AVE STUDENT HSG CO-OP	COOPERATIVE HOUSING	$298,500
1220 BROOK AVE S E MINNEAPOLIS MN 55414	BROOK AVE STUDENT HSG CO-OP	COOPERATIVE HOUSING	$143,100
1220 BROOK AVE S E MINNEAPOLIS MN 55414	BROOK AVE STUDENT HSG CO-OP	COOPERATIVE HOUSING	$298,500
1220 BROOK AVE S E MINNEAPOLIS MN 55414	BROOK AVE STUDENT HSG CO-OP	COOPERATIVE HOUSING	$107,100
1220 BROOK AVE S E MINNEAPOLIS MN 55414	BROOK AVE STUDENT HSG CO-OP	COOPERATIVE HOUSING	$143,100
1220 BROOK AVE S E MINNEAPOLIS MN 55414	BROOK AVE STUDENT HSG CO-OP	COOPERATIVE HOUSING	$663,200

Stub notice: The following fields could not be fetched from live sources and are shown as "—": zoning, taxHistory. See README for details on which sources are live vs. stubbed.