975 18TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924140027

Property Overview

Parcel ID2402924140027

Lot Size5,177 sq ft (0.119 ac)

Lot Dimensions (est.)130 ft wide × 40 ft deep

Year Built1915

Property ClassRESIDENTIAL

Owner421 NE LLC

Assessed Value$303,800

Land Value$95,000

Building Value$208,800

Annual Tax$4,703

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 rent1,734/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

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 depth89 ft

Area~2,685 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 2,685 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
971 18TH AVE S E MINNEAPOLIS MN 55414	NANCY JEAN BLACK	RESIDENTIAL	$294,200	39 ft
979 18TH AVE S E MINNEAPOLIS MN 55414	M DYKSTRA & M LAMBRECHT	RESIDENTIAL	$449,900	40 ft
965 18TH AVE S E MINNEAPOLIS MN 55414	DB-BOYS LLC	RESIDENTIAL	$418,900	78 ft
983 18TH AVE S E MINNEAPOLIS MN 55414	E J BONNES & E A OLSON	RESIDENTIAL	$375,100	80 ft
1721 BROOK AVE S E MINNEAPOLIS MN 55414	J STORLEY PROP LLC ET AL	RESIDENTIAL	$422,200	99 ft
985 18TH AVE S E MINNEAPOLIS MN 55414	RICHARD C ESTREM	RESIDENTIAL-TWO UNIT	$398,800	120 ft
1717 BROOK AVE S E MINNEAPOLIS MN 55414	DONALD G MACEACHERN ETAL	RESIDENTIAL	$281,100	136 ft
961 18TH AVE S E MINNEAPOLIS MN 55414	RILEY MAGNUSON	RESIDENTIAL	$459,700	182 ft
912 18TH AVE S E MINNEAPOLIS MN 55414	KATHERINE FOURNIER	RESIDENTIAL	$347,400	199 ft
908 18TH AVE S E MINNEAPOLIS MN 55414	T M BRATULICH & J L BRATULIC	RESIDENTIAL	$358,800	201 ft

Property History

Most Recent Sale

Date202107

Price$304,995

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,703