851 RIVER MEWS CT MINNEAPOLIS MN 55414

PID: 3002923340147

Property Overview

Parcel ID3002923340147

Lot Size57,904 sq ft (1.329 ac)

Lot Dimensions (est.)506 ft wide × 115 ft deep

Year Built2004

Property ClassCONDO GARAGE/MISCELLANEOUS

OwnerLAURA L KENNEDY

Assessed Value$8,800

Land Value$100

Building Value$8,700

Annual Tax$136

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

Prospect Park - East River Road · Minneapolis

Median reported rent1,302/mo

Renter-occupied86.2%

Median home value$437K

Vacancy rate11.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1049.02

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Estimated · verify frontage

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width491 ft

Buildable depth75 ft

Area~43,583 sqft

Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.

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 3-story wood frame (5–12 units) benchmarks for 43,583 sqft buildable area.

Est. units

153

Yield on cost

4.4%

Spread

-1.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value
851 RIVER MEWS CT MINNEAPOLIS MN 55414	ALLEN ISAACMAN ETAL TRUSTEES	CONDO GARAGE/MISCELLANEOUS	$8,800
851 RIVER MEWS CT MINNEAPOLIS MN 55414	MARY JO SCHIFSKY	CONDO GARAGE/MISCELLANEOUS	$8,800
851 RIVER MEWS CT MINNEAPOLIS MN 55414	J HUXLEY & E A O'CONNOR	CONDO GARAGE/MISCELLANEOUS	$8,800
851 RIVER MEWS CT MINNEAPOLIS MN 55414	CECILIA ROHRER	CONDO GARAGE/MISCELLANEOUS	$8,800
851 RIVER MEWS CT MINNEAPOLIS MN 55414	JEREMY D LEVITT	CONDO GARAGE/MISCELLANEOUS	$8,800
851 RIVER MEWS CT MINNEAPOLIS MN 55414	S ROHDE/D ROHDE/S ROHDE	CONDO GARAGE/MISCELLANEOUS	$8,800
851 RIVER MEWS CT MINNEAPOLIS MN 55414	CAROLIN J NEARING	CONDO GARAGE/MISCELLANEOUS	$8,800
851 RIVER MEWS CT MINNEAPOLIS MN 55414	SAMUEL ISAACMAN	CONDO GARAGE/MISCELLANEOUS	$8,800
851 RIVER MEWS CT MINNEAPOLIS MN 55414	S C ROBERTSON & S C PEACOCK	CONDO GARAGE/MISCELLANEOUS	$8,800
851 RIVER MEWS CT MINNEAPOLIS MN 55414	S C ROBERTSON & S C PEACOCK	CONDO GARAGE/MISCELLANEOUS	$8,800

Property History

Current Tax Year

Year2026

Tax Due$136