3538 12TH AVE S MINNEAPOLIS MN 55407

PID: 0202824310032

Property Overview

Parcel ID0202824310032

Lot Size5,140 sq ft (0.118 ac)

Lot Dimensions (est.)123 ft wide × 42 ft deep

Year Built1912

Property ClassRESIDENTIAL-TWO UNIT

OwnerHOLLY SANTIAGO/ZACHARY BABEL

Assessed Value$356,600

Land Value$92,000

Building Value$264,600

Annual Tax$5,530

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

4 permits on record since 2018 · $16K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$16K

Hail Experts Inc

ResApr 2022Closed

CenterPoint Energy Resource Corp

ExistresMar 2019Closed

APPLIED ENERGY INNOVATIONS LLC

ExistresMay 2018Closed

The Snelling Co Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,152/mo

Renter-occupied30.0%

Median home value$271K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 96

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 depth82 ft

Area~2,637 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 2,637 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3534 12TH AVE S MINNEAPOLIS MN 55407	KAREN S PEDERSEN	RESIDENTIAL	$344,000	42 ft
1118 36TH ST E MINNEAPOLIS MN 55407	CHRISTOPHER ASCHENBRENNER	RESIDENTIAL-TWO UNIT	$323,100	96 ft
1112 36TH ST E MINNEAPOLIS MN 55407	SHIRWA A MOHAMED	RESIDENTIAL	$387,100	104 ft
1120 36TH ST E MINNEAPOLIS MN 55407	ANNE VAN AVERY	RESIDENTIAL-TWO UNIT	$432,800	105 ft
1108 36TH ST E MINNEAPOLIS MN 55407	BRUCE A J YARWOOD	RESIDENTIAL	$264,100	132 ft
3537 11TH AVE S MINNEAPOLIS MN 55407	NADEER HOME HEALTH CARE INC	APARTMENT	$1,041,000	135 ft
3520 12TH AVE S MINNEAPOLIS MN 55407	SVEDAHL INVESTMENTS LLC	APARTMENT	$2,172,000	139 ft
3533 11TH AVE S MINNEAPOLIS MN 55407	JOHN A DRUMMY TRUSTEE	RESIDENTIAL	$276,800	147 ft
3531 11TH AVE S MINNEAPOLIS MN 55407	A E BROWNE & S E BRUMBELOW	RESIDENTIAL	$268,300	163 ft
1104 36TH ST E MINNEAPOLIS MN 55407	C ANDREW WILLIS MAYER ET AL	RESIDENTIAL	$255,400	169 ft

Property History

Most Recent Sale

Date201809

Price$276,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,530