3224 LONGFELLOW AVE MINNEAPOLIS MN 55407

PID: 0102824230059

Property Overview

Parcel ID0102824230059

Lot Size6,247 sq ft (0.143 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1903

Property ClassRESIDENTIAL

OwnerE ZEPEDA & A GARCIA

Assessed Value$207,500

Land Value$96,000

Building Value$111,500

Annual Tax$3,301

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

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

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 depth85 ft

Area~3,397 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 3,397 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3220 LONGFELLOW AVE MINNEAPOLIS MN 55407	K W STRUWE & M H STRUWE	RESIDENTIAL-TWO UNIT	$287,500	50 ft
3228 LONGFELLOW AVE MINNEAPOLIS MN 55407	MAKELA S ROBERTS-VIRDEN ETAL	RESIDENTIAL	$244,000	50 ft
3216 LONGFELLOW AVE MINNEAPOLIS MN 55407	JESSICA LEE	RESIDENTIAL-TWO UNIT	$371,700	100 ft
3232 LONGFELLOW AVE MINNEAPOLIS MN 55407	M MOROCHO & J D B PLAZA	RESIDENTIAL	$273,000	100 ft
3225 CEDAR AVE S MINNEAPOLIS MN 55407	D OYEMOMI & E OYEMOMI	APARTMENT	$501,000	139 ft
3221 CEDAR AVE S MINNEAPOLIS MN 55407	JOSHUA P MARZAHN	RESIDENTIAL-TWO UNIT	$274,000	148 ft
3212 LONGFELLOW AVE MINNEAPOLIS MN 55407	MCCORMICK REV LIV TRUST	RESIDENTIAL	$273,800	150 ft
3236 LONGFELLOW AVE MINNEAPOLIS MN 55407	DONOVAN WALKER	RESIDENTIAL-TWO UNIT	$340,500	150 ft
3233 CEDAR AVE S MINNEAPOLIS MN 55407	SHELLY K SUNDE	RESIDENTIAL	$338,000	157 ft
3217 CEDAR AVE S MINNEAPOLIS MN 55407	J M B VELAZCO & I A MATEOS	RESIDENTIAL	$405,700	171 ft

Property History

Most Recent Sale

Date199808

Price$69,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,301