3317 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 0202824140045

Property Overview

Parcel ID0202824140045

Lot Size4,885 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerP C CONWAY & N B DUFFY

Assessed Value$251,000

Land Value$71,000

Building Value$180,000

Annual Tax$3,535

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

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 width30 ft

Buildable depth82 ft

Area~2,463 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 2,463 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
3321 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JEFFREY EASTER	RESIDENTIAL	$280,900	40 ft
3313 BLOOMINGTON AVE MINNEAPOLIS MN 55407	RYAN M HANZAL ET AL	RESIDENTIAL	$302,300	40 ft
3325 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MARIA I SERCAS MARTINEZ ETAL	RESIDENTIAL-TWO UNIT	$420,400	80 ft
3309 BLOOMINGTON AVE MINNEAPOLIS MN 55407	O E AGANMAYO & B AGANMAYO	RESIDENTIAL	$236,500	80 ft
3329 BLOOMINGTON AVE MINNEAPOLIS MN 55407	AARON KIDD & ELEN RHOADES	RESIDENTIAL	$236,700	120 ft
3305 BLOOMINGTON AVE MINNEAPOLIS MN 55407	SHAWNY M SENA	RESIDENTIAL	$267,100	120 ft
3316 16TH AVE S MINNEAPOLIS MN 55407	BRIAN JAMES HOLTEMEYER ET AL	RESIDENTIAL	$232,900	136 ft
3312 16TH AVE S MINNEAPOLIS MN 55407	BETH FOREST	LOW INCOME RENTAL	$404,000	141 ft
3320 16TH AVE S MINNEAPOLIS MN 55407	L ZARAGOZA & L W GOETZKE	RESIDENTIAL	$311,700	142 ft
3308 16TH AVE S MINNEAPOLIS MN 55407	BETH FOREST	RESIDENTIAL	$285,100	158 ft

Property History

Most Recent Sale

Date199006

Price$38,235

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,535