3129 OAKLAND AVE MINNEAPOLIS MN 55407

PID: 0202824220177

Property Overview

Parcel ID0202824220177

Lot Size5,208 sq ft (0.120 ac)

Lot Dimensions (est.)119 ft wide × 44 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerS V N PILLCO/Z L P QUICHIMBO

Assessed Value$237,000

Land Value$62,000

Building Value$175,000

Annual Tax$3,655

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2024 · Most recent: Jan 2025 (res)

ResJan 2025Closed

Great Quality Plumbing Inc

ResNov 2024Closed

CenterPoint Energy Resource Corp

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 width34 ft

Buildable depth78 ft

Area~2,667 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 2,667 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3133 OAKLAND AVE MINNEAPOLIS MN 55407	STEVEN JOHN SNYDER	RESIDENTIAL	$285,000	44 ft
3125 OAKLAND AVE MINNEAPOLIS MN 55407	RANDALL R & LAURA L FINDLAY	RESIDENTIAL	$388,000	66 ft
3137 OAKLAND AVE MINNEAPOLIS MN 55407	RACHEL HEULE	RESIDENTIAL	$217,500	88 ft
3128 PARK AVE MINNEAPOLIS MN 55407	P M MARQUIS ET AL SUBJ/L E	RESIDENTIAL	$463,000	130 ft
3141 OAKLAND AVE MINNEAPOLIS MN 55407	LUCAS TIDWELL	RESIDENTIAL	$305,700	131 ft
3117 OAKLAND AVE MINNEAPOLIS MN 55407	CITY OF LAKES LAND TRUST	RESIDENTIAL	$229,000	135 ft
3124 PARK AVE MINNEAPOLIS MN 55407	CULLEN T DONOVAN/F A DONOVAN	TRIPLEX	$353,200	136 ft
3132 PARK AVE MINNEAPOLIS MN 55407	CITY/LAKES COMMUNITY LAND TR	—	$348,000	137 ft
3120 PARK AVE MINNEAPOLIS MN 55407	ALEXANDRA STILLMAN	RESIDENTIAL-TWO UNIT	$439,600	156 ft
3136 PARK AVE MINNEAPOLIS MN 55407	PARK 3136 LLC	RESIDENTIAL-TWO UNIT	$387,600	157 ft

Property History

Most Recent Sale

Date202601

Price$279,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,655