3416 LONGFELLOW AVE MINNEAPOLIS MN 55407

PID: 0102824320005

Property Overview

Parcel ID0102824320005

Lot Size5,696 sq ft (0.131 ac)

Lot Dimensions (est.)125 ft wide × 46 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerJ W JONES & L R JONES

Assessed Value$373,500

Land Value$108,000

Building Value$265,500

Annual Tax$5,849

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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 width36 ft

Buildable depth84 ft

Area~3,022 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 3,022 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3412 LONGFELLOW AVE MINNEAPOLIS MN 55407	HENRY T TAYLOR	RESIDENTIAL-TWO UNIT	$299,200	46 ft
3420 LONGFELLOW AVE MINNEAPOLIS MN 55407	MARK W VAN CLEVE	RESIDENTIAL	$369,600	46 ft
3408 LONGFELLOW AVE MINNEAPOLIS MN 55407	P J KUISLE & EMILY M AXTMANN	RESIDENTIAL	$372,000	91 ft
3424 LONGFELLOW AVE MINNEAPOLIS MN 55407	ANGELI MODJESKI	RESIDENTIAL	$326,500	91 ft
3428 LONGFELLOW AVE MINNEAPOLIS MN 55407	E CARDENAS & K PERCUOCO	RESIDENTIAL	$508,100	136 ft
3404 LONGFELLOW AVE MINNEAPOLIS MN 55407	RY & ELIZABETH HAMMOND TR	RESIDENTIAL	$336,000	137 ft
3417 CEDAR AVE S MINNEAPOLIS MN 55407	HELLEN YI	APARTMENT	$412,200	139 ft
3421 CEDAR AVE S MINNEAPOLIS MN 55407	M V GUALPA-CAGUANA ET AL	RESIDENTIAL-TWO UNIT	$367,800	146 ft
3415 CEDAR AVE S MINNEAPOLIS MN 55407	KENNETH D & NANCY M FORSCHEN	RESIDENTIAL	$217,000	146 ft
3425 CEDAR AVE S MINNEAPOLIS MN 55407	ANN THI MCROY	RESIDENTIAL-TWO UNIT	$296,700	166 ft

Property History

Most Recent Sale

Date199104

Price$75,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,849