3225 OAKLAND AVE MINNEAPOLIS MN 55407

PID: 0202824230183

Property Overview

Parcel ID0202824230183

Lot Size4,755 sq ft (0.109 ac)

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

Year Built1903

Property ClassRESIDENTIAL

OwnerC BAGWELL & R SIMMONS

Assessed Value$384,600

Land Value$59,000

Building Value$325,600

Annual Tax$5,765

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $19K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

MiscAug 2024Closed

$19K

ACTION ROOFING SIDING LLC

ExistresMar 2017Closed

Genz-Ryan Plumbing and Heating Co

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 depth79 ft

Area~2,365 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 2,365 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
3223 OAKLAND AVE MINNEAPOLIS MN 55407	MIGUEL VICTOR LLAPA	RESIDENTIAL-TWO UNIT	$286,900	40 ft
3229 OAKLAND AVE MINNEAPOLIS MN 55407	GREGORY BIRTH/NICHOLAS BEAR	RESIDENTIAL	$279,500	44 ft
3217 OAKLAND AVE MINNEAPOLIS MN 55407	D L LARSON & R M LARSON	RESIDENTIAL	$205,000	80 ft
3233 OAKLAND AVE MINNEAPOLIS MN 55407	WAYNE DAVID HINRICHS	RESIDENTIAL	$248,100	88 ft
3215 OAKLAND AVE MINNEAPOLIS MN 55407	K E DORMER & V M MCLAURIN	RESIDENTIAL	$266,000	120 ft
3237 OAKLAND AVE MINNEAPOLIS MN 55407	JOYCE A JOHNSON	RESIDENTIAL	$170,000	128 ft
3224 PARK AVE MINNEAPOLIS MN 55407	JOSE CAETANO YUPANGUI BALBOA	RESIDENTIAL-TWO UNIT	$356,100	130 ft
3220 PARK AVE MINNEAPOLIS MN 55407	KATHERINE L SCHAEFER	RESIDENTIAL-TWO UNIT	$372,800	136 ft
3228 PARK AVE MINNEAPOLIS MN 55407	DANIEL MICHAEL SHEEHY	RESIDENTIAL	$437,000	138 ft
3216 PARK AVE MINNEAPOLIS MN 55407	F WOOTEN JR & C WOOTEN	RESIDENTIAL	$290,800	152 ft

Property History

Most Recent Sale

Date202203

Price$354,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,765