3124 OAKLAND AVE MINNEAPOLIS MN 55407

PID: 0202824220179

Property Overview

Parcel ID0202824220179

Lot Size4,998 sq ft (0.115 ac)

Lot Dimensions (est.)119 ft wide × 42 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMICHAEL G LEE

Assessed Value$270,800

Land Value$61,000

Building Value$209,800

Annual Tax$3,866

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $19K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscNov 2023Closed

$19K

Hail Experts 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 width32 ft

Buildable depth79 ft

Area~2,528 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 2,528 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3120 OAKLAND AVE MINNEAPOLIS MN 55407	JASON G FITZLOFF	RESIDENTIAL-TWO UNIT	$408,400	43 ft
3126 OAKLAND AVE MINNEAPOLIS MN 55407	M J BLANCH & D M WEHDE	RESIDENTIAL	$279,900	43 ft
3132 OAKLAND AVE MINNEAPOLIS MN 55407	SANDRA THOMETZ/KENT THOMETZ	RESIDENTIAL	$332,700	87 ft
3116 OAKLAND AVE MINNEAPOLIS MN 55407	N CHAPMAN-CLERICI/R CLERICI	RESIDENTIAL-TWO UNIT	$447,500	88 ft
3125 PORTLAND AVE MINNEAPOLIS MN 55407	THOMAS BENFIELD GREAVES	RESIDENTIAL-TWO UNIT	$393,300	130 ft
3136 OAKLAND AVE MINNEAPOLIS MN 55407	TYLER KUTSCHEID & OANH K VU	RESIDENTIAL-TWO UNIT	$377,100	131 ft
3112 OAKLAND AVE MINNEAPOLIS MN 55407	N R FRANK & S S FRANK	RESIDENTIAL-TWO UNIT	$442,200	133 ft
3121 PORTLAND AVE MINNEAPOLIS MN 55407	PETER BROWN FAMILY TR ET AL	RESIDENTIAL	$306,100	137 ft
3127 PORTLAND AVE MINNEAPOLIS MN 55407	YANXING WU & CHUN CHEN	RESIDENTIAL-TWO UNIT	$353,100	137 ft
3133 PORTLAND AVE MINNEAPOLIS MN 55407	MANUEL JESUS GUIRACOCHA	RESIDENTIAL-TWO UNIT	$345,400	156 ft

Property History

Most Recent Sale

Date200707

Price$226,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,866