3206 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824140180

Property Overview

Parcel ID0202824140180

Lot Size2,715 sq ft (0.062 ac)

Lot Dimensions (est.)45 ft wide × 60 ft deep

Year Built0

Property ClassLOW INCOME RENTAL

OwnerCB PRG PORTFOLIO I LTD PRTNR

Assessed Value$18,000

Land Value$18,000

Building Value$0

Annual Tax$199

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 width35 ft

Buildable depth20 ft

Area~96 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 96 sqft buildable area.

Est. units

Yield on cost

24.8%

Spread

+19.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3204 16TH AVE S MINNEAPOLIS MN 55407	RACHEL N SAMPONG	RESIDENTIAL	$356,900	61 ft
3212 16TH AVE S MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	RESIDENTIAL-TWO UNIT	$248,000	64 ft
3200 16TH AVE S MINNEAPOLIS MN 55407	CB PRG PORTFOLIO I LTD PRTNR	LOW INCOME RENTAL	$426,200	76 ft
3205 BLOOMINGTON AVE MINNEAPOLIS MN 55407	CB PRG PORTFOLIO I LTD PRTNR	LOW INCOME RENTAL	$550,000	99 ft
3216 16TH AVE S MINNEAPOLIS MN 55407	RYNE ANDERSON/ELIZABETH EBOT	RESIDENTIAL	$331,500	101 ft
3215 BLOOMINGTON AVE MINNEAPOLIS MN 55407	HEIDI KIM	RESIDENTIAL-TWO UNIT	$328,700	110 ft
3201 BLOOMINGTON AVE MINNEAPOLIS MN 55407	CB PRG PORTFOLIO I LTD PRTNR	LOW INCOME RENTAL	$427,800	117 ft
3217 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BRUCE DEWITT	APARTMENT	$521,000	136 ft
3220 16TH AVE S MINNEAPOLIS MN 55407	H LOVELACE & N GUROL	RESIDENTIAL-TWO UNIT	$474,600	141 ft
3221 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BRAD M SCHAEPPI	RESIDENTIAL-TWO UNIT	$354,200	167 ft

Property History

Most Recent Sale

Date198906

Price$4,183

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$199