2001 BLAISDELL AVE MINNEAPOLIS MN 55404

PID: 3402924210043

Property Overview

Parcel ID3402924210043

Lot Size41,886 sq ft (0.962 ac)

Lot Dimensions (est.)166 ft wide × 252 ft deep

Year Built1960

Property ClassCOMMERCIAL-PREFERRED

OwnerPARK NICOLLET MEDICAL CTR

Assessed Value$3,600,000

Land Value$754,200

Building Value$2,845,800

Annual Tax$123,032

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 rent1,175/mo

Renter-occupied89.6%

Median home value$389K

Vacancy rate8.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 68

Market Snapshot

Zip code 55404

Median sale price$306K+16.4% YoY

Median price / sqft$167/sqft

Median days to close92 days

Active listings57

Source: Redfin Data Center (Invalid Date) · Zip 55404

Zoning

RM3Residence and Institutional

Residential Mixed-Use 3 — higher-density mixed residential

Typical Uses

·High-density apartments
·Mixed-use buildings
·Ground-floor retail

Max Height95 ft

Development Potential

Front Street

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

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)15 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width146 ft

Buildable depth212 ft

Area~29,204 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 mid-rise concrete (50+ units) benchmarks for 29,204 sqft buildable area.

Est. units

292

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2101 BLAISDELL AVE MINNEAPOLIS MN 55404	IRVING PROPERTIES INC	APARTMENT	$2,127,000	164 ft
1 FRANKLIN AVE W MINNEAPOLIS MN 55404	HUH ENTERPRISES INC	COMMERCIAL-PREFERRED	$1,320,800	202 ft
5 FRANKLIN AVE W MINNEAPOLIS MN 55404	HUH ENTERPRISES INC	COMMERCIAL-PREFERRED	$132,100	202 ft
9 FRANKLIN AVE W MINNEAPOLIS MN 55404	ANGELA NGOC TRAN	CONDOMINIUM	$259,000	202 ft
9 FRANKLIN AVE W MINNEAPOLIS MN 55404	JAMIE KNAKMUHS	CONDOMINIUM	$185,100	202 ft
9 FRANKLIN AVE W MINNEAPOLIS MN 55404	PHILLIP ESPINOZA	CONDOMINIUM	$233,000	202 ft
9 FRANKLIN AVE W MINNEAPOLIS MN 55404	ANNA GEDSTAD	CONDOMINIUM	$235,000	202 ft
9 FRANKLIN AVE W MINNEAPOLIS MN 55404	GREENLEAF LOFTS ON NIC ASSN	CONDOMINIUM	$151,800	202 ft
9 FRANKLIN AVE W MINNEAPOLIS MN 55404	KARA THATE	CONDOMINIUM	$141,400	202 ft
9 FRANKLIN AVE W MINNEAPOLIS MN 55404	DREXLER JAMES	CONDOMINIUM	$247,500	202 ft

Property History

Most Recent Sale

Date198612

Price$2,364,752

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$123,032