3230 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824130047

Property Overview

Parcel ID0202824130047

Lot Size4,484 sq ft (0.103 ac)

Lot Dimensions (est.)127 ft wide × 35 ft deep

Year Built1904

Property ClassRESIDENTIAL

OwnerJAINA PETROVICH

Assessed Value$294,300

Land Value$65,000

Building Value$229,300

Annual Tax$4,696

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

3 permits on record since 2017 · $3K total declared value · Most recent: Oct 2017 (res)

ResOct 2017Closed

Great Quality Plumbing Inc

ResAug 2017Cancelled

michael peterson

RemodelJul 2017Closed

$3K

Michael A Peterson

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 width25 ft

Buildable depth88 ft

Area~2,202 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 2,202 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3234 15TH AVE S MINNEAPOLIS MN 55407	STEPHANIE K ABEL TRUST	RESIDENTIAL	$217,700	35 ft
3226 15TH AVE S MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL	$314,900	40 ft
3238 15TH AVE S MINNEAPOLIS MN 55407	J A MILLER & J L LOOSBROCK	RESIDENTIAL	$337,700	73 ft
3222 15TH AVE S MINNEAPOLIS MN 55407	STEVEN HENRY LACY	TRIPLEX	$468,900	85 ft
3242 15TH AVE S MINNEAPOLIS MN 55407	RICHARD D MCCHESNEY JR	RESIDENTIAL	$224,700	113 ft
3216 15TH AVE S MINNEAPOLIS MN 55407	MARY SOUDER	CONDOMINIUM	$167,000	138 ft
3216 15TH AVE S MINNEAPOLIS MN 55407	STEPHANIE SCHMIDT	CONDOMINIUM	$170,000	138 ft
3216 15TH AVE S MINNEAPOLIS MN 55407	RSN DOUGLAS TRUST	CONDOMINIUM	$170,000	138 ft
3216 15TH AVE S MINNEAPOLIS MN 55407	SYLVIA THOMAS	CONDOMINIUM	$162,000	138 ft
MN	Unknown	—	—	138 ft

Property History

Most Recent Sale

Date202311

Price$275,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,696