1833 FRANKLIN AVE S E MINNEAPOLIS MN 55414

PID: 3002923430115

Property Overview

Parcel ID3002923430115

Lot Size6,097 sq ft (0.140 ac)

Lot Dimensions (est.)45 ft wide × 136 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerJ E CUSHING & C T KIETZER

Assessed Value$528,400

Land Value$127,000

Building Value$401,400

Annual Tax$8,280

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 width35 ft

Buildable depth95 ft

Area~3,344 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 3,344 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
1829 FRANKLIN AVE S E MINNEAPOLIS MN 55414	C I CLARKE & S M R HVIDSTEN	RESIDENTIAL-TWO UNIT	$529,300	47 ft
1837 FRANKLIN AVE S E MINNEAPOLIS MN 55414	RONDA COPHER	RESIDENTIAL-TWO UNIT	$538,400	51 ft
152 SEYMOUR AVE SE MINNEAPOLIS MN 55414	JESSE BENSON & ERIN HUSOM	RESIDENTIAL	$309,900	62 ft
1821 FRANKLIN AVE S E MINNEAPOLIS MN 55414	DIANE QUINLAN NOBLE	CONDOMINIUM	$285,000	122 ft
1823 FRANKLIN AVE S E MINNEAPOLIS MN 55414	CHRIS SHORT & SHARON S SHORT	CONDOMINIUM	$356,000	122 ft
1825 FRANKLIN AVE S E MINNEAPOLIS MN 55414	MEGHAN ESKOLIN	CONDOMINIUM	$288,000	122 ft
1827 FRANKLIN AVE S E MINNEAPOLIS MN 55414	NELSON LIVING TRUST	CONDOMINIUM	$319,000	122 ft
MN	Unknown	—	—	122 ft
107 MELBOURNE AVE S E MINNEAPOLIS MN 55414	JOYCE ANN WALKER	RESIDENTIAL	$455,200	148 ft
135 SEYMOUR AVE S E MINNEAPOLIS MN 55414	FRANK BERGMAN PROPERTIES LLC	APARTMENT	$657,000	151 ft

Property History

Most Recent Sale

Date200005

Price$179,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,280