3149 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 0202824110272

Property Overview

Parcel ID0202824110272

Lot Size5,015 sq ft (0.115 ac)

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

Year Built0

Property ClassVACANT LAND-RESIDENTIAL

OwnerWILLIAM SHELDON CLARK

Assessed Value$35,000

Land Value$35,000

Building Value$0

Annual Tax$776

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

No permits found in Minneapolis open data for this parcel.

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth82 ft

Area~2,551 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 2,551 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3145 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BANKEN HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$326,900	42 ft
3153 BLOOMINGTON AVE MINNEAPOLIS MN 55407	WILLIAM SHELDON CLARK	RESIDENTIAL	$462,100	43 ft
3143 BLOOMINGTON AVE MINNEAPOLIS MN 55407	C M JUUL & S M SCOTLAND	RESIDENTIAL	$306,500	84 ft
1536 32ND ST E MINNEAPOLIS MN 55407	KYLE L BOYES	RESIDENTIAL	$268,200	113 ft
3137 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BLIA P VANG	RESIDENTIAL	$261,000	125 ft
3144 16TH AVE S MINNEAPOLIS MN 55407	DARRELL E JOHNSON	RESIDENTIAL	$254,800	142 ft
3148 16TH AVE S MINNEAPOLIS MN 55407	ANNA M REVOLINSKI	RESIDENTIAL	$438,700	147 ft
3140 16TH AVE S MINNEAPOLIS MN 55407	MADISON AVENUE HOMES LLC	LOW INCOME RENTAL	$330,300	159 ft
3133 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ABDULIANI ABDIKARIM MOALIM	APARTMENT	$437,000	167 ft
3201 BLOOMINGTON AVE MINNEAPOLIS MN 55407	CB PRG PORTFOLIO I LTD PRTNR	LOW INCOME RENTAL	$427,800	177 ft

Property History

Current Tax Year

Year2026

Tax Due$776