3324 10TH AVE S MINNEAPOLIS MN 55407

PID: 0202824240085

Property Overview

Parcel ID0202824240085

Lot Size5,016 sq ft (0.115 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1930

Property ClassCONDOMINIUM

OwnerKACIE R LARSON

Assessed Value$128,000

Land Value$15,000

Building Value$113,000

Annual Tax$2,022

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,157/mo

Renter-occupied51.4%

Median home value$305K

Vacancy rate5.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 85

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 depth85 ft

Area~2,563 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 2,563 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
3324 10TH AVE S MINNEAPOLIS MN 55407	KEYUR DESAI	CONDOMINIUM	$128,000	0 ft
3324 10TH AVE S MINNEAPOLIS MN 55407	ROBERT D OBERTO III	CONDOMINIUM	$129,000	0 ft
3324 10TH AVE S MINNEAPOLIS MN 55407	KAREN V PAURUS	CONDOMINIUM	$121,000	0 ft
3324 10TH AVE S MINNEAPOLIS MN 55407	KAREN V PAURUS	CONDO GARAGE/MISCELLANEOUS	$5,500	0 ft
3324 10TH AVE S MINNEAPOLIS MN 55407	ROBERT D OBERTO III	CONDO GARAGE/MISCELLANEOUS	$5,500	0 ft
3324 10TH AVE S MINNEAPOLIS MN 55407	KACIE R LARSON	CONDO GARAGE/MISCELLANEOUS	$5,500	0 ft
MN	Unknown	—	—	0 ft
3318 10TH AVE S MINNEAPOLIS MN 55407	LYNETTE M CRANE TRUSTEE	RESIDENTIAL-TWO UNIT	$349,900	40 ft
3328 10TH AVE S MINNEAPOLIS MN 55407	LINDA TILLITT ET AL	RESIDENTIAL	$361,700	40 ft
3316 10TH AVE S MINNEAPOLIS MN 55407	KATHRYN J B ZWICKY ET AL	RESIDENTIAL	$406,600	80 ft

Property History

Most Recent Sale

Date200412

Price$127,720

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,022