3505 OAKLAND AVE MINNEAPOLIS MN 55407

PID: 0202824320012

Property Overview

Parcel ID0202824320012

Lot Size4,912 sq ft (0.113 ac)

Lot Dimensions (est.)117 ft wide × 42 ft deep

Year Built1924

Property ClassRESIDENTIAL-TWO UNIT

OwnerSPENCER B ROWE

Assessed Value$380,200

Land Value$83,000

Building Value$297,200

Annual Tax$7,221

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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 rent1,284/mo

Renter-occupied41.2%

Median home value$251K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 95

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 depth77 ft

Area~2,462 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 2,462 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3501 OAKLAND AVE MINNEAPOLIS MN 55407	PN 4 LLC	RESIDENTIAL-TWO UNIT	$362,200	45 ft
3517 OAKLAND AVE MINNEAPOLIS MN 55407	REGAN 3509 LLC ET AL	LOW INCOME RENTAL	$969,000	84 ft
3504 PARK AVE MINNEAPOLIS MN 55407	K AMJADI & A I WILHITE	RESIDENTIAL	$320,100	131 ft
3508 PARK AVE MINNEAPOLIS MN 55407	MCO HOLDINGS LTD	RESIDENTIAL	$204,700	138 ft
3500 PARK AVE MINNEAPOLIS MN 55407	K HELSCEL & B M LONDO	RESIDENTIAL	$400,000	138 ft
3445 OAKLAND AVE MINNEAPOLIS MN 55407	KRISTINA BOERGER	RESIDENTIAL	$266,500	155 ft
3512 PARK AVE MINNEAPOLIS MN 55407	SHARON TOLKMIT	RESIDENTIAL	$431,000	156 ft
630 35TH ST E MINNEAPOLIS MN 55407	HANNAH QUINN RIVENBURGH	RESIDENTIAL	$221,200	157 ft
3521 OAKLAND AVE MINNEAPOLIS MN 55407	ALEXANDER W NGOV	RESIDENTIAL	$260,700	168 ft
3504 OAKLAND AVE MINNEAPOLIS MN 55407	BARBARA BRYNSTAD	RESIDENTIAL-TWO UNIT	$373,400	176 ft

Property History

Most Recent Sale

Date201309

Price$216,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,221