3517 PARK AVE MINNEAPOLIS MN 55407

PID: 0202824320176

Property Overview

Parcel ID0202824320176

Lot Size5,631 sq ft (0.129 ac)

Lot Dimensions (est.)117 ft wide × 48 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerSHELBY KAY BLOOM

Assessed Value$425,600

Land Value$87,000

Building Value$338,600

Annual Tax$6,473

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

9 permits on record since 2010 · $101K total declared value · Most recent: Sep 2024 (res)

ResSep 2024Closed

Warners Stellian Co Inc

MiscJun 2024Closed

$17K

Blackrock Exteriors

ResNov 2021Closed

Perfection Plumbing LLC

MiscFeb 2020Closed

$2K

CREW2 INC

MiscMay 2019Closed

$2K

CREW2 INC

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

Neighborhood Profile

Central · 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 width38 ft

Buildable depth77 ft

Area~2,932 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 2,932 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
3515 PARK AVE MINNEAPOLIS MN 55407	JANET S WILSON	RESIDENTIAL	$450,100	48 ft
3521 PARK AVE MINNEAPOLIS MN 55407	STACY K ANDERSON	RESIDENTIAL	$225,800	49 ft
3525 PARK AVE MINNEAPOLIS MN 55407	GINA LK KUNDAN REVOC TRUST	RESIDENTIAL	$245,000	94 ft
3509 PARK AVE MINNEAPOLIS MN 55407	C A MCNAIR & L L MCNAIR	RESIDENTIAL	$435,000	96 ft
3516 COLUMBUS AVE MINNEAPOLIS MN 55407	A E & B LOCHE	RESIDENTIAL	$285,000	130 ft
3529 PARK AVE MINNEAPOLIS MN 55407	KELSEY MCFADDEN	RESIDENTIAL	$237,000	136 ft
3512 COLUMBUS AVE MINNEAPOLIS MN 55407	K CEBALLOS-GONZALEZ ET AL	RESIDENTIAL	$342,000	138 ft
3520 COLUMBUS AVE MINNEAPOLIS MN 55407	SERENDIPITY INVESTMENT LLC	RESIDENTIAL-TWO UNIT	$359,400	140 ft
3505 PARK AVE MINNEAPOLIS MN 55407	ALEXANDRA FURSMAN	RESIDENTIAL	$396,600	145 ft
3524 COLUMBUS AVE MINNEAPOLIS MN 55407	R M AKALE & J M MADZEY-AKALE	RESIDENTIAL	$331,600	162 ft

Property History

Most Recent Sale

Date202107

Price$420,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,473