3117 PARK AVE MINNEAPOLIS MN 55407

PID: 0202824220060

Property Overview

Parcel ID0202824220060

Lot Size4,740 sq ft (0.109 ac)

Lot Dimensions (est.)119 ft wide × 40 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerMEGAN SMITH & ANDREW EXLEY

Assessed Value$374,800

Land Value$56,000

Building Value$318,800

Annual Tax$5,601

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $111K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Closed

$49K

BUILT STRONG EXTERIORS LLC

MiscJun 2024Cancelled

$20K

BUILT STRONG EXTERIORS LLC

MiscJun 2024Closed

$23K

BUILT STRONG EXTERIORS LLC

MiscAug 2018Closed

$19K

RENEWAL BY ANDERSEN CORP

ResMay 2018Closed

Roberts Plumbing Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Central · Minneapolis

Median reported rent1,458/mo

Renter-occupied34.5%

Median home value$302K

Vacancy rate11.2%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 84

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 width30 ft

Buildable depth78 ft

Area~2,354 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 2,354 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
3115 PARK AVE MINNEAPOLIS MN 55407	A KRAL & C NEGRETE-ARMIJO	RESIDENTIAL	$251,000	40 ft
3121 PARK AVE MINNEAPOLIS MN 55407	BENZ CONTRACTING LLC	RESIDENTIAL	$414,000	40 ft
3109 PARK AVE MINNEAPOLIS MN 55407	YVONNE R BANKS	RESIDENTIAL	$323,800	80 ft
3125 PARK AVE MINNEAPOLIS MN 55407	DAVID MUDDER	RESIDENTIAL	$405,000	80 ft
3131 PARK AVE MINNEAPOLIS MN 55407	AREN AIZURA & CASSIUS ADAIR	RESIDENTIAL	$451,000	120 ft
3107 PARK AVE MINNEAPOLIS MN 55407	J M LEMA & R H LEMA	TRIPLEX	$422,200	122 ft
3116 COLUMBUS AVE MINNEAPOLIS MN 55407	M L MUTHIANI & V M MULANI	RESIDENTIAL-TWO UNIT	$342,500	131 ft
3112 COLUMBUS AVE MINNEAPOLIS MN 55407	J D AURAND & M M AURAND	RESIDENTIAL	$325,300	136 ft
3124 COLUMBUS AVE MINNEAPOLIS MN 55407	K ROBERTS & M GUSTAFSON	RESIDENTIAL	$269,800	148 ft
3108 COLUMBUS AVE MINNEAPOLIS MN 55407	IGLESIA DEL DIOS MPLS CORP	RESIDENTIAL	$0	152 ft

Property History

Most Recent Sale

Date201807

Price$365,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,601