908 RIVER TER E MINNEAPOLIS MN 55414

PID: 3002923340048

Property Overview

Parcel ID3002923340048

Lot Size7,546 sq ft (0.173 ac)

Lot Dimensions (est.)135 ft wide × 56 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerABBY L KAEMPFER

Assessed Value$516,000

Land Value$193,000

Building Value$323,000

Annual Tax$8,043

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

3 permits on record since 2021 · Most recent: Dec 2025 (res)

ResDec 2025Inspection

CenterPoint Energy Resource Corp

ResMar 2023Closed

Warners Stellian Co Inc

ExistresApr 2021Closed

STAFFORD HOME SERVICE

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

Neighborhood Profile

Prospect Park - East River Road · Minneapolis

Median reported rent1,631/mo

Renter-occupied57.3%

Median home value$455K

Vacancy rate11.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1256

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 width46 ft

Buildable depth95 ft

Area~4,361 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 4,361 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
910 RIVER TER E MINNEAPOLIS MN 55414	MICHAEL J DIXON	RESIDENTIAL-TWO UNIT	$391,600	43 ft
904 RIVER TER E MINNEAPOLIS MN 55414	RANDI E JOHNSON TRUST	RESIDENTIAL	$396,200	46 ft
914 RIVER TER E MINNEAPOLIS MN 55414	GEORGE R BLOOM	RESIDENTIAL	$262,400	77 ft
900 RIVER TER E MINNEAPOLIS MN 55414	NICHOLAS B ELLER	RESIDENTIAL	$327,200	84 ft
907 THORNTON ST S E MINNEAPOLIS MN 55414	ELIDA KRISTEN HOLTE	RESIDENTIAL	$460,000	150 ft
901 THORNTON ST S E MINNEAPOLIS MN 55414	22 ON THE RIVER LLC	VACANT LAND-APARTMENT	$436,600	159 ft
913 THORNTON ST S E MINNEAPOLIS MN 55414	K N JORENBY & T JORENBY	RESIDENTIAL	$514,800	167 ft
1415 RIVER PKWY E MINNEAPOLIS MN 55414	JUDITH G BRITTON TRUST	RESIDENTIAL	$626,200	190 ft
1409 RIVER PKWY E MINNEAPOLIS MN 55414	DAVID L & DENISE Y WALDO	RESIDENTIAL	$630,800	195 ft
1417 RIVER PKWY E MINNEAPOLIS MN 55414	ANELISE R SAWKINS	RESIDENTIAL	$603,500	206 ft

Property History

Current Tax Year

Year2026

Tax Due$8,043