20 25TH ST W MINNEAPOLIS MN 55404

PID: 3402924240193

Property Overview

Parcel ID3402924240193

Lot Size1,026 sq ft (0.024 ac)

Lot Dimensions (est.)19 ft wide × 54 ft deep

Year Built1982

Property ClassTOWNHOUSE

OwnerMANUEL LOPEZ NEGRETE

Assessed Value$250,400

Land Value$27,000

Building Value$223,400

Annual Tax$3,975

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

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 width9 ft

Buildable depth14 ft

Area~126 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 126 sqft buildable area.

Est. units

Yield on cost

17.8%

Spread

+12.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
22 25TH ST W MINNEAPOLIS MN 55404	DAVID W RUSSELL	TOWNHOUSE	$209,700	17 ft
24 25TH ST W MINNEAPOLIS MN 55404	KRISTINA ROSILLO	TOWNHOUSE	$230,100	33 ft
30 25TH ST W MINNEAPOLIS MN 55404	WHITTIER BLAISDELL TOWNHOMES	COMMON AREA	$0	46 ft
26 25TH ST W MINNEAPOLIS MN 55404	KRISTEN K ANDERSON	TOWNHOUSE	$212,900	49 ft
28 25TH ST W MINNEAPOLIS MN 55404	RU JIN ZHENG	RESIDENTIAL	$269,600	67 ft
2451 BLAISDELL AVE MINNEAPOLIS MN 55404	HERTZ PROPERTIES LLC	TOWNHOUSE	$204,400	95 ft
2449 BLAISDELL AVE MINNEAPOLIS MN 55404	ANNABELLE NICHOLS	TOWNHOUSE	$240,800	106 ft
10 25TH ST W MINNEAPOLIS MN 55404	SONNY T HUYHN & VAN NGUYEN	COMMERCIAL-PREFERRED	$980,000	113 ft
2439 BLAISDELL AVE MINNEAPOLIS MN 55404	2417/2423/2439 BLAISDELL LLC	APARTMENT	$893,000	118 ft
2501 BLAISDELL AVE MINNEAPOLIS MN 55404	EVONNE L JOHNSTON TRUST	RESIDENTIAL	$425,200	135 ft

Property History

Most Recent Sale

Date202209

Price$257,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,975