1227 4TH ST S E MINNEAPOLIS MN 55414

PID: 2402924310086

Property Overview

Parcel ID2402924310086

Lot Size25,641 sq ft (0.589 ac)

Lot Dimensions (est.)216 ft wide × 119 ft deep

Year Built0

Property ClassCOOPERATIVE HOUSING

OwnerRIVERTON COMMUNITY HOUSING

Assessed Value$13,500,000

Land Value$371,600

Building Value$13,128,400

Annual Tax$192,396

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

2 permits on record since 2014 · $104K total declared value · Most recent: Aug 2020 (remodel)

RemodelAug 2020Closed

$104K

ALL ENERGY SOLAR INC

BinbOct 2014

$54

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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

CM3Community Mixed Use

Property History

Most Recent Sale

Date200507

Price$900,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$192,396

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
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$119,900
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$119,900
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$119,900
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$219,500
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$217,000
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$283,700
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$251,600
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$236,400
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$237,200
1227 4TH ST S E MINNEAPOLIS MN 55414	4TH ST STUDENT HSG CO-OP	COOPERATIVE HOUSING	$298,900