3612 CHICAGO AVE MINNEAPOLIS MN 55407

PID: 0202824330031

Property Overview

Parcel ID0202824330031

Lot Size5,130 sq ft (0.118 ac)

Lot Dimensions (est.)122 ft wide × 42 ft deep

Year Built1907

Property ClassRESIDENTIAL

OwnerROBERT K EVEREST

Assessed Value$214,300

Land Value$76,000

Building Value$138,300

Annual Tax$3,305

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

No permits found in Minneapolis open data for this parcel.

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth82 ft

Area~2,626 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 2,626 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3608 CHICAGO AVE MINNEAPOLIS MN 55407	O ORTIZ & P A ROMERO	RESIDENTIAL	$398,400	42 ft
3616 CHICAGO AVE MINNEAPOLIS MN 55407	KASSIE BENJAMIN-FICKEN	RESIDENTIAL	$298,500	42 ft
3604 CHICAGO AVE MINNEAPOLIS MN 55407	GENET B BEYENE	RESIDENTIAL	$282,000	84 ft
3620 CHICAGO AVE MINNEAPOLIS MN 55407	HIND MAHMOUD	RESIDENTIAL	$440,000	84 ft
3600 CHICAGO AVE MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	LOW INCOME RENTAL	$196,600	128 ft
3613 COLUMBUS AVE MINNEAPOLIS MN 55407	J H SCHWANTES & G J BRUHL	RESIDENTIAL	$290,400	135 ft
3617 COLUMBUS AVE MINNEAPOLIS MN 55407	LISA K SEVERSON	RESIDENTIAL	$196,400	141 ft
3609 COLUMBUS AVE MINNEAPOLIS MN 55407	BUNNIA L JORDAN	RESIDENTIAL	$197,000	142 ft
3628 CHICAGO AVE MINNEAPOLIS MN 55407	RIYAD PROPERTIES LLC	APARTMENT	$1,156,000	151 ft
3621 COLUMBUS AVE MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	LOW INCOME RENTAL	$210,900	159 ft

Property History

Most Recent Sale

Date201506

Price$130,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,305