612 11TH AVE S E MINNEAPOLIS MN 55414

PID: 2402924240116

Property Overview

Parcel ID2402924240116

Lot Size2,640 sq ft (0.061 ac)

Lot Dimensions (est.)78 ft wide × 34 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerNB PROPERTY2 LLC

Assessed Value$237,200

Land Value$118,000

Building Value$119,200

Annual Tax$3,672

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 rent1,628/mo

Renter-occupied98.7%

Median home value—

Vacancy rate15.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 38.02

Market Snapshot

Zip code 55414

Median sale price$388K+17.4% YoY

Median price / sqft$247/sqft

Median days to close52 days

Active listings49

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 width29 ft

Buildable depth28 ft

Area~14 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 14 sqft buildable area.

Est. units

Yield on cost

8.3%

Spread

+2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
610 11TH AVE S E MINNEAPOLIS MN 55414	T C & K L HARMSEN	RESIDENTIAL	$306,100	41 ft
616 11TH AVE S E MINNEAPOLIS MN 55414	616 11TH AVE SE LLC	TRIPLEX	$1,575,300	50 ft
604 11TH AVE S E MINNEAPOLIS MN 55414	T C HARMSEN & K L HARMSEN	RESIDENTIAL-TWO UNIT	$386,100	78 ft
1105 6TH ST S E MINNEAPOLIS MN 55414	1105 6TH ST SE LLC	RESIDENTIAL-TWO UNIT	$820,500	89 ft
620 11TH AVE S E MINNEAPOLIS MN 55414	MULBERRY STREET LLC	RESIDENTIAL-TWO UNIT	$305,400	94 ft
600 11TH AVE S E MINNEAPOLIS MN 55414	ROMANS 8 LLC	RESIDENTIAL	$470,000	120 ft
1109 6TH ST S E MINNEAPOLIS MN 55414	PARADYGM PROPS/TWIN CITS LLC	RESIDENTIAL-TWO UNIT	$711,400	125 ft
1108 7TH ST S E MINNEAPOLIS MN 55414	1108 7TH ST SE LLC	RESIDENTIAL-TWO UNIT	$986,800	133 ft
1106 7TH ST S E MINNEAPOLIS MN 55414	1106 7TH ST SE LLC	RESIDENTIAL-TWO UNIT	$880,200	139 ft
611 11TH AVE S E MINNEAPOLIS MN 55414	DINKYTOWN RENTALS LLC	RESIDENTIAL	$411,900	146 ft

Property History

Most Recent Sale

Date200612

Price$244,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,672