165 MALCOLM AVE S E MINNEAPOLIS MN 55414

PID: 3002923420108

Property Overview

Parcel ID3002923420108

Lot Size4,233 sq ft (0.097 ac)

Lot Dimensions (est.)88 ft wide × 48 ft deep

Year Built1964

Property ClassRESIDENTIAL

OwnerMICHAEL D LEVITT TRUST

Assessed Value$410,300

Land Value$166,000

Building Value$244,300

Annual Tax$6,352

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

1 permit on record since 2018 · Most recent: Dec 2018 (existres)

ExistresDec 2018Closed

BOYS MECHANICAL INC

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 width45 ft

Buildable depth37 ft

Area~1,646 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 1,646 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
169 MALCOLM AVE S E MINNEAPOLIS MN 55414	NANCY KAY KARI	RESIDENTIAL	$571,700	61 ft
159 MALCOLM AVE S E MINNEAPOLIS MN 55414	L OUELLETTE-HOWITZ & J TAO	RESIDENTIAL	$352,800	62 ft
36 BARTON AVE S E MINNEAPOLIS MN 55414	UTA WOLFE	RESIDENTIAL	$329,500	85 ft
40 BARTON AVE S E MINNEAPOLIS MN 55414	ANDREW SVEEN & KAIA JOHNSON	RESIDENTIAL	$783,500	107 ft
175 MALCOLM AVE S E MINNEAPOLIS MN 55414	NINI I EBBIGHAUSEN	RESIDENTIAL	$416,800	119 ft
155 MALCOLM AVE S E MINNEAPOLIS MN 55414	S E HILL & T C HILL	RESIDENTIAL-TWO UNIT	$461,100	127 ft
46 BARTON AVE S E MINNEAPOLIS MN 55414	AMY WOLDT & RYAN WOLDT	RESIDENTIAL	$626,000	138 ft
38 BARTON AVE S E MINNEAPOLIS MN 55414	JEANNE E SIELAFF	RESIDENTIAL	$512,600	146 ft
160 MALCOLM AVE S E MINNEAPOLIS MN 55414	G P ROTTACH & L K ROTTACH	RESIDENTIAL	$367,500	165 ft
50 BARTON AVE S E MINNEAPOLIS MN 55414	GILBERT G AHLSTRAND	RESIDENTIAL	$434,900	170 ft

Property History

Most Recent Sale

Date202111

Price$405,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,352