3645 10TH AVE S MINNEAPOLIS MN 55407

PID: 0202824340118

Property Overview

Parcel ID0202824340118

Lot Size5,816 sq ft (0.134 ac)

Lot Dimensions (est.)126 ft wide × 46 ft deep

Year Built1927

Property ClassAPARTMENT

OwnerRONALD THOMPSON/MEJKEN BYRAM

Assessed Value$454,000

Land Value$81,300

Building Value$372,700

Annual Tax$8,588

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,152/mo

Renter-occupied30.0%

Median home value$271K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 96

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 width36 ft

Buildable depth86 ft

Area~3,109 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 3,109 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
1010 37TH ST E MINNEAPOLIS MN 55407	IRON DOOR HOLDINGS LLC	APARTMENT	$597,000	46 ft
3641 10TH AVE S MINNEAPOLIS MN 55407	POWDERHORN PROPERTIES LLC	APARTMENT	$454,000	46 ft
3637 10TH AVE S MINNEAPOLIS MN 55407	HARRIET JEANNE TAYLOR	RESIDENTIAL-TWO UNIT	$416,600	92 ft
1014 37TH ST E MINNEAPOLIS MN 55407	ALICE ROSSIGNOL/ANDREW CRANE	RESIDENTIAL	$261,700	111 ft
3633 10TH AVE S MINNEAPOLIS MN 55407	SUZANNE K HAY/MARK E JOHNSON	RESIDENTIAL	$334,200	138 ft
3644 11TH AVE S MINNEAPOLIS MN 55407	WILLIAM C HOADLEY TRUST	RESIDENTIAL	$289,500	142 ft
3640 11TH AVE S MINNEAPOLIS MN 55407	DONALD M TEPPER & WIFE	RESIDENTIAL	$335,700	145 ft
3701 10TH AVE S MINNEAPOLIS MN 55407	AARON COLGROVE	RESIDENTIAL	$187,000	149 ft
3636 11TH AVE S MINNEAPOLIS MN 55407	J P JACKSON & K JACKSON	RESIDENTIAL-TWO UNIT	$423,800	165 ft
1011 37TH ST E MINNEAPOLIS MN 55407	STEVEN A SMITH	RESIDENTIAL	$190,200	169 ft

Property History

Most Recent Sale

Date200008

Price$179,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,588