3237 LONGFELLOW AVE MINNEAPOLIS MN 55407

PID: 0102824230080

Property Overview

Parcel ID0102824230080

Lot Size6,246 sq ft (0.143 ac)

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

Year Built1966

Property ClassRESIDENTIAL-TWO UNIT

OwnerCOLIN ORASKOVICH

Assessed Value$386,200

Land Value$96,000

Building Value$290,200

Annual Tax$7,601

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

1 permit on record since 2017 · Most recent: Dec 2017 (existres)

ExistresDec 2017Closed

Standard 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

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~3,395 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 3,395 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
3241 LONGFELLOW AVE MINNEAPOLIS MN 55407	LHR PROPERTIES LLC	RESIDENTIAL	$288,500	50 ft
3233 LONGFELLOW AVE MINNEAPOLIS MN 55407	J T PENA & M A TELLEZ	RESIDENTIAL-TWO UNIT	$302,300	50 ft
3245 LONGFELLOW AVE MINNEAPOLIS MN 55407	ERIC J HALVERSON	RESIDENTIAL	$363,100	96 ft
3231 LONGFELLOW AVE MINNEAPOLIS MN 55407	C A BARBER & V M KARLINSKY	RESIDENTIAL	$294,100	100 ft
3238 19TH AVE S MINNEAPOLIS MN 55407	LITA BEACH	RESIDENTIAL	$242,400	139 ft
3234 19TH AVE S MINNEAPOLIS MN 55407	LORRAINE L RINDFLEISCH	RESIDENTIAL	$248,100	146 ft
3240 19TH AVE S MINNEAPOLIS MN 55407	DAVID DUBOIS	RESIDENTIAL-TWO UNIT	$277,800	147 ft
3227 LONGFELLOW AVE MINNEAPOLIS MN 55407	J M SALINAS & M A DOMINGUEZ	RESIDENTIAL	$231,800	150 ft
3230 19TH AVE S MINNEAPOLIS MN 55407	JENNIFER M MCGAFFEY	RESIDENTIAL	$220,200	162 ft
3244 19TH AVE S MINNEAPOLIS MN 55407	PETER J ADDINGTON	TRIPLEX	$442,500	169 ft

Property History

Most Recent Sale

Date202111

Price$450,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,601