3049 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824110147

Property Overview

Parcel ID0202824110147

Lot Size5,020 sq ft (0.115 ac)

Lot Dimensions (est.)122 ft wide × 41 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerPATRICIA SOYDANSER

Assessed Value$205,700

Land Value$81,000

Building Value$124,700

Annual Tax$2,901

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

8 permits on record since 2020 · $17K total declared value · Most recent: Apr 2026 (remodel)

RemodelApr 2026Inspection

$5K

ALL ENERGY SOLAR INC

ExistresDec 2025Closed

Admiral Radon & Mechanical Services LLC

ResOct 2025Inspection

DEN-MARK PLUMBING INC

RemodelSep 2025Closed

$12K

KAILER CONSTRUCTION CORP

ExistresAug 2025Closed

Metro Heating & Cooling LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,157/mo

Renter-occupied51.4%

Median home value$305K

Vacancy rate5.2%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 85

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 width31 ft

Buildable depth82 ft

Area~2,555 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 2,555 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3055 16TH AVE S MINNEAPOLIS MN 55407	F MUSATAU & Y MUSATAU	RESIDENTIAL-TWO UNIT	$289,700	41 ft
3045 16TH AVE S MINNEAPOLIS MN 55407	C V PANGLE & R L WOOD	RESIDENTIAL	$317,500	41 ft
3041 16TH AVE S MINNEAPOLIS MN 55407	ESPERANZA LAZO	RESIDENTIAL	$277,200	82 ft
3037 16TH AVE S MINNEAPOLIS MN 55407	HEATHER HINRICHSEN	RESIDENTIAL	$257,900	123 ft
3048 17TH AVE S MINNEAPOLIS MN 55407	MAIA GUERRERO-COMBS	RESIDENTIAL	$493,000	136 ft
3044 17TH AVE S MINNEAPOLIS MN 55407	CLINTON ROST	RESIDENTIAL	$270,700	142 ft
3052 17TH AVE S MINNEAPOLIS MN 55407	ALICE A GILLIE	RESIDENTIAL-TWO UNIT	$340,400	142 ft
3101 16TH AVE S MINNEAPOLIS MN 55407	CLINTON JAMES ROONEY	LOW INCOME RENTAL	$323,400	145 ft
1611 31ST ST E MINNEAPOLIS MN 55407	SERA KOROGLU	RESIDENTIAL	$218,700	150 ft
3040 17TH AVE S MINNEAPOLIS MN 55407	JENNIFER MOORE	RESIDENTIAL	$270,900	159 ft

Property History

Most Recent Sale

Date201003

Price$125,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,901