505 21ST AVE S MINNEAPOLIS MN 55455

PID: 2502924310032

Property Overview

Parcel ID2502924310032

Lot Size5,696 sq ft (0.131 ac)

Lot Dimensions (est.)172 ft wide × 33 ft deep

Year Built0

Property ClassLAND-COMMERCIAL

OwnerUNIV OF MINN

Assessed Value$0

Land Value$0

Building Value$0

Annual Tax$0

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

Cedar Riverside · Minneapolis

Median reported rent1,127/mo

Renter-occupied75.6%

Median home value$151K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1048.02

Market Snapshot

Market data unavailable for zip code 55455.

Zoning

RM3Residence and Institutional

Residential Mixed-Use 3 — higher-density mixed residential

Typical Uses

·High-density apartments
·Mixed-use buildings
·Ground-floor retail

Max Height95 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width23 ft

Buildable depth133 ft

Area~3,051 sqft

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

Development Feasibility

Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
507 21ST AVE S MINNEAPOLIS MN 55455	UNIV OF MINN	LAND-COMMERCIAL	$0	33 ft
501 21ST AVE S MINNEAPOLIS MN 55455	UNIV OF MINN	LAND-COMMERCIAL	$0	62 ft
525 21ST AVE S MINNEAPOLIS MN 55455	UNIV OF MINN	LAND-COMMERCIAL	$0	65 ft
2109 5TH ST S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	75 ft
2113 5TH ST S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	103 ft
2100 RIVERSIDE AVE MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	115 ft
2117 5TH ST S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	136 ft
2024 RIVERSIDE AVE MINNEAPOLIS MN 55454	UNIV OF MINN	COMMERCIAL-PREFERRED	$0	136 ft
2106 RIVERSIDE AVE MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	138 ft
2119 5TH ST S MINNEAPOLIS MN 55454	UNIV OF MINN	LAND-COMMERCIAL	$0	174 ft

Property History

Current Tax Year

Year2026

Tax Due$0