1917 FRANKLIN AVE S E MINNEAPOLIS MN 55414

PID: 3002923440092

Property Overview

Parcel ID3002923440092

Lot Size7,612 sq ft (0.175 ac)

Lot Dimensions (est.)50 ft wide × 152 ft deep

Year Built1904

Property ClassRESIDENTIAL

OwnerPROSPECT PARK PARTNERS LLC

Assessed Value$322,000

Land Value$138,000

Building Value$184,000

Annual Tax$4,985

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 width40 ft

Buildable depth112 ft

Area~4,489 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 4,489 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1913 FRANKLIN AVE S E MINNEAPOLIS MN 55414	D J ORSER & H D ORSER	RESIDENTIAL	$437,200	44 ft
1919 FRANKLIN AVE S E MINNEAPOLIS MN 55414	NORINA JIMENO/GENE HARVEY	RESIDENTIAL	$329,200	50 ft
1909 FRANKLIN AVE S E MINNEAPOLIS MN 55414	BRETT CHRISTOPHER SAWYER	RESIDENTIAL	$380,200	81 ft
2001 FRANKLIN AVE S E MINNEAPOLIS MN 55414	SETH EVERETT WERNER	VACANT LAND-RESIDENTIAL	$138,000	100 ft
1907 FRANKLIN AVE S E MINNEAPOLIS MN 55414	ALLEN KINGSRITER LLC	RESIDENTIAL-TWO UNIT	$495,100	120 ft
69 MELBOURNE AVE S E MINNEAPOLIS MN 55414	017-2 IH BORROWER L P	RESIDENTIAL	$372,600	141 ft
65 MELBOURNE AVE S E MINNEAPOLIS MN 55414	J A BREKKE & J WALDEN	RESIDENTIAL	$420,900	145 ft
71 MELBOURNE AVE S E MINNEAPOLIS MN 55414	JOAN A CLARKSON TRUST	RESIDENTIAL	$447,600	148 ft
2003 FRANKLIN AVE S E MINNEAPOLIS MN 55414	A MEIER & S WERNER	RESIDENTIAL	$478,100	149 ft
61 MELBOURNE AVE S E MINNEAPOLIS MN 55414	ANDREW S THIBODEAU	RESIDENTIAL	$383,800	158 ft

Property History

Most Recent Sale

Date200608

Price$260,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,985