3240 LONGFELLOW AVE MINNEAPOLIS MN 55407

PID: 0102824230063

Property Overview

Parcel ID0102824230063

Lot Size6,247 sq ft (0.143 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerM A S MENDEZ/M D L L F PITA

Assessed Value$219,600

Land Value$96,000

Building Value$123,600

Annual Tax$3,387

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

2 permits on record since 2023 · $12K total declared value · Most recent: Mar 2024 (res)

ResMar 2024Expired

AFFORDABLE PLUMBING INC

MiscOct 2023Closed

$12K

MINNETONKA CONSTRUCTION

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

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~3,396 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 3,396 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
3244 LONGFELLOW AVE MINNEAPOLIS MN 55407	M A ALEKNA & R C BORDEN	RESIDENTIAL	$274,000	46 ft
3236 LONGFELLOW AVE MINNEAPOLIS MN 55407	DONOVAN WALKER	RESIDENTIAL-TWO UNIT	$340,500	50 ft
3232 LONGFELLOW AVE MINNEAPOLIS MN 55407	M MOROCHO & J D B PLAZA	RESIDENTIAL	$273,000	100 ft
1832 33RD ST E MINNEAPOLIS MN 55407	LALA PROPERTIES LLC	RESIDENTIAL	$212,700	111 ft
3241 CEDAR AVE S MINNEAPOLIS MN 55407	CHRISTIAN JOSE GUTIERREZ	TRIPLEX	$447,600	139 ft
3237 CEDAR AVE S MINNEAPOLIS MN 55407	JINNING QI	TRIPLEX	$342,100	147 ft
3228 LONGFELLOW AVE MINNEAPOLIS MN 55407	MAKELA S ROBERTS-VIRDEN ETAL	RESIDENTIAL	$244,000	150 ft
3300 LONGFELLOW AVE MINNEAPOLIS MN 55407	ZOWIE J HANSSEN	RESIDENTIAL	$314,100	151 ft
3245 CEDAR AVE S MINNEAPOLIS MN 55407	DJ FINANCIAL LLC	LOW INCOME RENTAL	$242,900	170 ft
3241 LONGFELLOW AVE MINNEAPOLIS MN 55407	LHR PROPERTIES LLC	RESIDENTIAL	$288,500	184 ft

Property History

Most Recent Sale

Date202403

Price$295,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,387