3505 11TH AVE S MINNEAPOLIS MN 55407

PID: 0202824310102

Property Overview

Parcel ID0202824310102

Lot Size5,243 sq ft (0.120 ac)

Lot Dimensions (est.)122 ft wide × 43 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerCITY OF LAKES COMM LAND TRST

Assessed Value$379,100

Land Value$93,000

Building Value$286,100

Annual Tax$5,912

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2017 · $56K total declared value · Most recent: Aug 2024 (remodel)

RemodelAug 2024Closed

$3K

ALL ENERGY SOLAR INC

MiscJun 2024Closed

$8K

HOFFMAN WEBER CONSTRUCTION INC

MiscJun 2024Closed

$5K

HOFFMAN WEBER CONSTRUCTION INC

AdditionMar 2022Closed

$5K

Hage Construction Co

MiscMar 2022Closed

$9K

LINDUS CONSTRUCTION

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 width33 ft

Buildable depth82 ft

Area~2,702 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 2,702 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3509 11TH AVE S MINNEAPOLIS MN 55407	GILBERT-IGELSRUD FAMILY TRST	RESIDENTIAL-TWO UNIT	$439,400	43 ft
3501 11TH AVE S MINNEAPOLIS MN 55407	MARY BETH BARRY	RESIDENTIAL	$394,500	43 ft
3513 11TH AVE S MINNEAPOLIS MN 55407	M S & R R MANTHEI	RESIDENTIAL	$330,400	86 ft
3517 11TH AVE S MINNEAPOLIS MN 55407	ACMN PROPERTIES LLC	LOW INCOME RENTAL	$339,000	129 ft
3504 12TH AVE S MINNEAPOLIS MN 55407	AUBREY HECK & THOMAS HELLER	RESIDENTIAL	$319,600	136 ft
3500 12TH AVE S MINNEAPOLIS MN 55407	JSW PROPERTIES LLC	RESIDENTIAL	$261,000	142 ft
3508 12TH AVE S MINNEAPOLIS MN 55407	NEAL SWANGER & AMANDA STOELB	RESIDENTIAL-TWO UNIT	$463,500	143 ft
3512 12TH AVE S MINNEAPOLIS MN 55407	D TIMM & J R FISCHER	RESIDENTIAL	$398,600	161 ft
3457 11TH AVE S MINNEAPOLIS MN 55407	JENNIFER RACHEL QUAM	RESIDENTIAL-TWO UNIT	$577,100	165 ft
3521 11TH AVE S MINNEAPOLIS MN 55407	ANAB HAASAN	RESIDENTIAL	$339,800	171 ft

Property History

Most Recent Sale

Date201108

Price$87,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,912