3111 10TH AVE S MINNEAPOLIS MN 55407

PID: 0202824210191

Property Overview

Parcel ID0202824210191

Lot Size6,965 sq ft (0.160 ac)

Lot Dimensions (est.)125 ft wide × 56 ft deep

Year Built1920

Property Class—

OwnerCITY OF LAKES COMM LAND TR

Assessed Value$264,800

Land Value$79,000

Building Value$185,800

Annual Tax$2,811

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

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 width46 ft

Buildable depth84 ft

Area~3,888 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 3,888 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3113 10TH AVE S MINNEAPOLIS MN 55407	SANDRA STEWART	RESIDENTIAL	$288,600	46 ft
3105 10TH AVE S MINNEAPOLIS MN 55407	BALVOA'S FAMILY LLC	RESIDENTIAL	$240,900	55 ft
3117 10TH AVE S MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	84 ft
1005 31ST ST E MINNEAPOLIS MN 55407	SETH PRIME & SABRINA PRIME	RESIDENTIAL-TWO UNIT	$402,900	104 ft
3110 11TH AVE S MINNEAPOLIS MN 55407	KAY A SCHROVEN	RESIDENTIAL	$261,500	139 ft
3106 11TH AVE S MINNEAPOLIS MN 55407	S M STENWICK & M A STENWICK	RESIDENTIAL-TWO UNIT	$301,100	141 ft
3112 11TH AVE S MINNEAPOLIS MN 55407	ELSA MARSHALL	RESIDENTIAL	$192,100	146 ft
3104 11TH AVE S MINNEAPOLIS MN 55407	MICHELE SARAH ROCKNE	RESIDENTIAL	$195,000	153 ft
3125 10TH AVE S MINNEAPOLIS MN 55407	PARKVIEW 17 LLC	APARTMENT	$1,622,000	157 ft
3116 11TH AVE S MINNEAPOLIS MN 55407	DEMETRIUS MARSHALL	RESIDENTIAL	$252,100	162 ft

Property History

Most Recent Sale

Date202306

Price$120,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,811