3424 LONGFELLOW AVE MINNEAPOLIS MN 55407

PID: 0102824320007

Property Overview

Parcel ID0102824320007

Lot Size5,696 sq ft (0.131 ac)

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

Year Built1907

Property ClassRESIDENTIAL

OwnerANGELI MODJESKI

Assessed Value$326,500

Land Value$108,000

Building Value$218,500

Annual Tax$5,064

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

4 permits on record since 2017 · $21K total declared value · Most recent: May 2024 (remodel)

RemodelMay 2024Closed

$3K

ALL ENERGY SOLAR INC

MiscAug 2023Closed

$16K

KAUFMAN SHEET METAL ROOFING INC

ResMay 2022Closed

CenterPoint Energy Resource Corp

MiscSep 2017Closed

$2K

Holmlund Masonry 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 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
3428 LONGFELLOW AVE MINNEAPOLIS MN 55407	E CARDENAS & K PERCUOCO	RESIDENTIAL	$508,100	45 ft
3420 LONGFELLOW AVE MINNEAPOLIS MN 55407	MARK W VAN CLEVE	RESIDENTIAL	$369,600	46 ft
3432 LONGFELLOW AVE MINNEAPOLIS MN 55407	T M PHILLIPS & L WELLS	RESIDENTIAL	$272,000	90 ft
3416 LONGFELLOW AVE MINNEAPOLIS MN 55407	J W JONES & L R JONES	RESIDENTIAL	$373,500	91 ft
3436 LONGFELLOW AVE MINNEAPOLIS MN 55407	RUTH E KOONTZ	RESIDENTIAL	$365,100	135 ft
3412 LONGFELLOW AVE MINNEAPOLIS MN 55407	HENRY T TAYLOR	RESIDENTIAL-TWO UNIT	$299,200	137 ft
3425 CEDAR AVE S MINNEAPOLIS MN 55407	ANN THI MCROY	RESIDENTIAL-TWO UNIT	$296,700	139 ft
3429 CEDAR AVE S MINNEAPOLIS MN 55407	BRANDON KIM	RESIDENTIAL	$248,800	146 ft
3421 CEDAR AVE S MINNEAPOLIS MN 55407	M V GUALPA-CAGUANA ET AL	RESIDENTIAL-TWO UNIT	$367,800	146 ft
3435 CEDAR AVE S MINNEAPOLIS MN 55407	K WIEGMANN & J THERKELSEN	RESIDENTIAL-TWO UNIT	$318,800	165 ft

Property History

Most Recent Sale

Date199306

Price$1

Type—

Current Tax Year

Year2026

Tax Due$5,064