3037 CEDAR AVE S MINNEAPOLIS MN 55407

PID: 0102824220057

Property Overview

Parcel ID0102824220057

Lot Size6,750 sq ft (0.155 ac)

Lot Dimensions (est.)125 ft wide × 54 ft deep

Year Built1909

Property ClassAPARTMENT

Owner3037 CEDAR LLC

Assessed Value$389,000

Land Value$94,600

Building Value$294,400

Annual Tax$7,359

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2023 · $40K total declared value · Most recent: Oct 2025 (commercial minor)

Commercial MinorOct 2025Closed

Weld and Sons Plumbing Inc

CommfdrrNov 2023Closed

$40K

Binder Heating and Air Conditioning Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Corcoran · Minneapolis

Median reported rent1,294/mo

Renter-occupied49.3%

Median home value$287K

Vacancy rate4.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1086

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth95 ft

Area~3,739 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 3-story wood frame (5–12 units) benchmarks for 3,739 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3041 CEDAR AVE S MINNEAPOLIS MN 55407	3041 CEDAR LLC	RESIDENTIAL-TWO UNIT	$323,500	50 ft
3033 CEDAR AVE S MINNEAPOLIS MN 55407	3033 CEDAR LLC	RESIDENTIAL	$266,400	52 ft
3045 CEDAR AVE S MINNEAPOLIS MN 55407	OMAR ADED	RESIDENTIAL	$400,000	94 ft
3029 CEDAR AVE S MINNEAPOLIS MN 55407	TODD OMAN FAMILY TRUST	RESIDENTIAL-TWO UNIT	$380,000	102 ft
3036 LONGFELLOW AVE MINNEAPOLIS MN 55407	MATTHEW KAZINKA	RESIDENTIAL	$317,000	139 ft
3040 LONGFELLOW AVE MINNEAPOLIS MN 55407	JEAN T WALL	RESIDENTIAL-TWO UNIT	$387,300	147 ft
3032 LONGFELLOW AVE MINNEAPOLIS MN 55407	DIVINE J MOHAMMAD	RESIDENTIAL	$303,500	148 ft
3023 CEDAR AVE S MINNEAPOLIS MN 55407	JSW PROPERTIES LLC	APARTMENT	$447,000	152 ft
3044 LONGFELLOW AVE MINNEAPOLIS MN 55407	TRSTEES OF DIOCESE OF MN INC	COMMERCIAL-PREFERRED	$0	168 ft
3028 LONGFELLOW AVE MINNEAPOLIS MN 55407	MICHAEL LINDEN	RESIDENTIAL	$312,200	172 ft

Property History

Current Tax Year

Year2026

Tax Due$7,359