3341 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 0202824140039

Property Overview

Parcel ID0202824140039

Lot Size6,196 sq ft (0.142 ac)

Lot Dimensions (est.)122 ft wide × 51 ft deep

Year Built1902

Property ClassRESIDENTIAL-TWO UNIT

OwnerMILTON R S YUQUILIMA ET AL

Assessed Value$466,300

Land Value$79,000

Building Value$387,300

Annual Tax$7,237

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 width41 ft

Buildable depth81 ft

Area~3,343 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 3-story wood frame (5–12 units) benchmarks for 3,343 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3337 BLOOMINGTON AVE MINNEAPOLIS MN 55407	QUIET COVE LLC	RESIDENTIAL	$228,400	46 ft
3347 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MELISSA KATHERINE LE	RESIDENTIAL	$288,000	51 ft
3333 BLOOMINGTON AVE MINNEAPOLIS MN 55407	KATHERINE GRUNDL	RESIDENTIAL	$290,500	85 ft
3329 BLOOMINGTON AVE MINNEAPOLIS MN 55407	AARON KIDD & ELEN RHOADES	RESIDENTIAL	$236,700	125 ft
3340 16TH AVE S MINNEAPOLIS MN 55407	B W BEVIS & S C BEVIS	RESIDENTIAL-TWO UNIT	$439,300	136 ft
3336 16TH AVE S MINNEAPOLIS MN 55407	SEAK-KEE CHEW/NOELLE M CHEW	APARTMENT	$396,000	143 ft
3346 16TH AVE S MINNEAPOLIS MN 55407	JSW PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$346,700	144 ft
3332 16TH AVE S MINNEAPOLIS MN 55407	SHARON DILL	RESIDENTIAL	$267,200	160 ft
3325 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MARIA I SERCAS MARTINEZ ETAL	RESIDENTIAL-TWO UNIT	$420,400	166 ft
3401 BLOOMINGTON AVE MINNEAPOLIS MN 55407	HUONG KT NGUYEN	RESIDENTIAL	$299,300	177 ft

Property History

Most Recent Sale

Date202202

Price$455,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,237