3732 PARK AVE MINNEAPOLIS MN 55407

PID: 0202824330195

Property Overview

Parcel ID0202824330195

Lot Size4,954 sq ft (0.114 ac)

Lot Dimensions (est.)118 ft wide × 42 ft deep

Year Built1903

Property ClassRESIDENTIAL-TWO UNIT

OwnerJOAQUIN J PALMER-BURROUS

Assessed Value$333,100

Land Value$73,000

Building Value$260,100

Annual Tax$6,302

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

1 permit on record since 2020 · $8K total declared value · Most recent: Mar 2020 (misc)

MiscMar 2020Closed

$8K

Joaquin Palmer-Burrows

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

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 depth78 ft

Area~2,491 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 2,491 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3728 PARK AVE MINNEAPOLIS MN 55407	ALBERT KELLY JR	RESIDENTIAL	$235,600	42 ft
3736 PARK AVE MINNEAPOLIS MN 55407	LLACG COMMUNITY IVSTMT FUND	RESIDENTIAL	$291,500	42 ft
3724 PARK AVE MINNEAPOLIS MN 55407	KELLY ROWAN	RESIDENTIAL-TWO UNIT	$535,400	84 ft
3740 PARK AVE MINNEAPOLIS MN 55407	HEIDI FELLNER	RESIDENTIAL	$394,300	84 ft
3744 PARK AVE MINNEAPOLIS MN 55407	V L M GRANDA & N E G GRANDA	RESIDENTIAL	$521,000	127 ft
3720 PARK AVE MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	129 ft
3731 OAKLAND AVE MINNEAPOLIS MN 55407	NATHAN B VISTE	RESIDENTIAL	$237,000	129 ft
3729 OAKLAND AVE MINNEAPOLIS MN 55407	JASON P RICHARDSON	RESIDENTIAL	$267,200	136 ft
3739 OAKLAND AVE MINNEAPOLIS MN 55407	PAUL A MARTENS	RESIDENTIAL	$327,100	137 ft
3725 OAKLAND AVE MINNEAPOLIS MN 55407	TRAM-ANH T NGO	RESIDENTIAL	$262,400	155 ft

Property History

Most Recent Sale

Date201608

Price$275,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,302