3307 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824130085

Property Overview

Parcel ID0202824130085

Lot Size3,739 sq ft (0.086 ac)

Lot Dimensions (est.)124 ft wide × 30 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerRANDOLPH FRANCIS DE LA PENA

Assessed Value$166,100

Land Value$58,000

Building Value$108,100

Annual Tax$2,291

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

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 width20 ft

Buildable depth85 ft

Area~1,693 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 1,693 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3311 15TH AVE S MINNEAPOLIS MN 55407	RENOWN RENOVATIONS LLC	RESIDENTIAL	$161,300	30 ft
3303 15TH AVE S MINNEAPOLIS MN 55407	MARGARET FLOOD	RESIDENTIAL	$221,700	30 ft
3301 15TH AVE S MINNEAPOLIS MN 55407	A G IACOVINO & B G ANDERSON	RESIDENTIAL	$220,900	60 ft
3313 15TH AVE S MINNEAPOLIS MN 55407	J D PEARSON & J G SCHMITT TR	RESIDENTIAL	$320,200	67 ft
3321 15TH AVE S MINNEAPOLIS MN 55407	M PC FLOOD & G PICK	RESIDENTIAL	$285,500	112 ft
3306 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MARIA E LALA	RESIDENTIAL-TWO UNIT	$314,000	137 ft
3300 BLOOMINGTON AVE MINNEAPOLIS MN 55407	LOWELL PRESCOTT	RESIDENTIAL	$279,000	143 ft
3323 15TH AVE S MINNEAPOLIS MN 55407	C W ROACH & E G JOHNSON	RESIDENTIAL	$314,500	155 ft
3312 BLOOMINGTON AVE MINNEAPOLIS MN 55407	3312 GET IT DONE LLC	LOW INCOME RENTAL	$1,054,000	156 ft
3255 15TH AVE S MINNEAPOLIS MN 55407	SARAH BENSON	TRIPLEX	$493,300	165 ft

Property History

Most Recent Sale

Date200604

Price$47,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$2,291