64 CLARENCE AVE S E MINNEAPOLIS MN 55414

PID: 3002923410111

Property Overview

Parcel ID3002923410111

Lot Size26,992 sq ft (0.620 ac)

Lot Dimensions (est.)230 ft wide × 117 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMARY E SCHNEIDER TRUSTEE

Assessed Value$773,000

Land Value$406,000

Building Value$367,000

Annual Tax$12,925

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

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 width133 ft

Buildable depth149 ft

Area~19,018 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 19,018 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
72 CLARENCE AVE S E MINNEAPOLIS MN 55414	GORMAN PARK PROPERTIES LLLP	RESIDENTIAL-TWO UNIT	$498,100	109 ft
54 CLARENCE AVE S E MINNEAPOLIS MN 55414	MARY E SCHNEIDER TRUSTEE	TRIPLEX	$760,200	121 ft
76 CLARENCE AVE S E MINNEAPOLIS MN 55414	N L WAREHAM & B L W WAREHAM	RESIDENTIAL	$377,300	158 ft
131 ORLIN AVE S E MINNEAPOLIS MN 55414	J A ASKEW & D B GALLE	RESIDENTIAL	$521,100	160 ft
135 ORLIN AVE S E MINNEAPOLIS MN 55414	BRIAN/SUSAN ANDERSON TR ETAL	RESIDENTIAL	$490,900	160 ft
127 ORLIN AVE S E MINNEAPOLIS MN 55414	P G HARPER JR & M E MUGGLI	RESIDENTIAL	$576,200	165 ft
141 ORLIN AVE S E MINNEAPOLIS MN 55414	JOHN J DEGAN/HEIDI D VETTER	RESIDENTIAL	$504,200	175 ft
103 ORLIN AVE S E MINNEAPOLIS MN 55414	D C HOBAN/B J JANISCH-HOBAN	RESIDENTIAL	$553,100	200 ft
143 ORLIN AVE S E MINNEAPOLIS MN 55414	JANE STOCKMAN	RESIDENTIAL	$525,500	202 ft
80 CLARENCE AVE S E MINNEAPOLIS MN 55414	S W PEABODY & M HENRICKSON	RESIDENTIAL	$392,000	206 ft

Property History

Current Tax Year

Year2026

Tax Due$12,925