3516 19TH AVE S MINNEAPOLIS MN 55407

PID: 0102824320141

Property Overview

Parcel ID0102824320141

Lot Size6,189 sq ft (0.142 ac)

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

Year Built1907

Property ClassRESIDENTIAL

OwnerJOHN MICHAEL DICK

Assessed Value$272,900

Land Value$114,000

Building Value$158,900

Annual Tax$4,221

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 2023 · Most recent: Feb 2023 (res)

ResFeb 2023Closed

CenterPoint Energy Resource Corp

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 depth84 ft

Area~3,356 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 3,356 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
3512 19TH AVE S MINNEAPOLIS MN 55407	HEATHER LYNN SVOBODA	RESIDENTIAL	$362,000	50 ft
3520 19TH AVE S MINNEAPOLIS MN 55407	3520 LLC	RESIDENTIAL-TWO UNIT	$474,600	50 ft
3508 19TH AVE S MINNEAPOLIS MN 55407	HEIDI MARIE TWEITEN	RESIDENTIAL	$340,800	99 ft
3526 19TH AVE S MINNEAPOLIS MN 55407	JONATHAN OLSON/HALLIE OLSON	RESIDENTIAL-TWO UNIT	$433,400	99 ft
3528 19TH AVE S MINNEAPOLIS MN 55407	AUBREY JAHELKA	RESIDENTIAL	$215,700	136 ft
3517 LONGFELLOW AVE MINNEAPOLIS MN 55407	J GAINES & C OESTERREICH	RESIDENTIAL	$244,000	138 ft
3521 LONGFELLOW AVE MINNEAPOLIS MN 55407	S H BEHNEN & B M PETERSON	RESIDENTIAL	$264,300	147 ft
3513 LONGFELLOW AVE MINNEAPOLIS MN 55407	J M CHAMPLIN & L J GROSS	RESIDENTIAL	$319,000	147 ft
3504 19TH AVE S MINNEAPOLIS MN 55407	BANK OF NEW YORK MELLON TR	RESIDENTIAL	$247,200	149 ft
3530 19TH AVE S MINNEAPOLIS MN 55407	CAG MINNESOTA FUND I LLC	RESIDENTIAL	$224,800	161 ft

Property History

Current Tax Year

Year2026

Tax Due$4,221