3524 PARK AVE MINNEAPOLIS MN 55407

PID: 0202824320187

Property Overview

Parcel ID0202824320187

Lot Size4,909 sq ft (0.113 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerRYAN COLBY ANDERSON

Assessed Value$301,100

Land Value$78,000

Building Value$223,100

Annual Tax$4,661

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

2 permits on record since 2021 · $19K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$17K

Red Line Contracting

RemodelAug 2021Closed

$2K

Ryan C Anderson

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 width32 ft

Buildable depth77 ft

Area~2,459 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 2,459 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
3520 PARK AVE MINNEAPOLIS MN 55407	JAIRO G AVILA/JERRY A AVILA	RESIDENTIAL-TWO UNIT	$366,300	42 ft
3528 PARK AVE MINNEAPOLIS MN 55407	SARAH KEAVENY	RESIDENTIAL	$300,000	42 ft
3518 PARK AVE MINNEAPOLIS MN 55407	JUAN R AUCAPINA-RODRIGUEZ	RESIDENTIAL-TWO UNIT	$300,400	84 ft
3532 PARK AVE MINNEAPOLIS MN 55407	ERIC D NELSON	RESIDENTIAL	$290,900	84 ft
3540 PARK AVE MINNEAPOLIS MN 55407	L N MCGEE-WHITSON/D WHITSON	RESIDENTIAL	$258,000	125 ft
3516 PARK AVE MINNEAPOLIS MN 55407	NICOLE & LAWRENCE C MEANS	RESIDENTIAL	$536,000	126 ft
3529 OAKLAND AVE MINNEAPOLIS MN 55407	CHRISTY D FARR & DYANI HEINZ	RESIDENTIAL	$272,800	130 ft
3533 OAKLAND AVE MINNEAPOLIS MN 55407	J C STANSBURY/M A FRANCO SR	RESIDENTIAL-TWO UNIT	$364,300	136 ft
3525 OAKLAND AVE MINNEAPOLIS MN 55407	JACQUELYN MENTH/PHILIP REED	RESIDENTIAL	$242,400	138 ft
3537 OAKLAND AVE MINNEAPOLIS MN 55407	M J T-HANSON/J TABER-HANSON	RESIDENTIAL-TWO UNIT	$367,500	154 ft

Property History

Most Recent Sale

Date201709

Price$214,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,661