3116 CHICAGO AVE MINNEAPOLIS MN 55407

PID: 0202824220069

Property Overview

Parcel ID0202824220069

Lot Size4,947 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1907

Property ClassRESIDENTIAL

OwnerJENDAYI AZEEZAH K DIXON

Assessed Value$283,200

Land Value$53,000

Building Value$230,200

Annual Tax$4,072

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $21K total declared value · Most recent: Mar 2026 (misc)

MiscMar 2026Closed

$21K

MERIDIAN PROPERTIES LLC

ExistresDec 2025Closed

Admiral Radon & Mechanical Services LLC

ExistresOct 2019Closed

Airic's Heating & Air Conditioning 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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth84 ft

Area~2,510 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 2,510 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
3112 CHICAGO AVE MINNEAPOLIS MN 55407	ANGEL FAVIAN PAUCAR	RESIDENTIAL	$163,000	40 ft
3118 CHICAGO AVE MINNEAPOLIS MN 55407	MARIA D ARIAS & JUANA RIERA	RESIDENTIAL-TWO UNIT	$359,300	40 ft
3108 CHICAGO AVE MINNEAPOLIS MN 55407	J E KOCH & M L KOCH	RESIDENTIAL	$270,000	80 ft
3124 CHICAGO AVE MINNEAPOLIS MN 55407	R G E NELSON & E M E NELSON	RESIDENTIAL	$251,300	80 ft
3104 CHICAGO AVE MINNEAPOLIS MN 55407	UHW R:R III LLC	RESIDENTIAL-TWO UNIT	$362,500	120 ft
3128 CHICAGO AVE MINNEAPOLIS MN 55407	MARCIA OJEDA & ROMEL BERNAL	RESIDENTIAL-TWO UNIT	$335,300	120 ft
3117 COLUMBUS AVE MINNEAPOLIS MN 55407	DIMITRI KAASAN	RESIDENTIAL-TWO UNIT	$335,800	135 ft
3121 COLUMBUS AVE MINNEAPOLIS MN 55407	CITY LAKES COMM LAND TRUST	—	$291,000	141 ft
3113 COLUMBUS AVE MINNEAPOLIS MN 55407	JACOB A SCHLAGEL	LOW INCOME RENTAL	$252,200	142 ft
3125 COLUMBUS AVE MINNEAPOLIS MN 55407	JOKHOROON H FARAH	RESIDENTIAL	$405,000	157 ft

Property History

Most Recent Sale

Date202404

Price$280,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,072