3744 12TH AVE S MINNEAPOLIS MN 55407

PID: 0202824340201

Property Overview

Parcel ID0202824340201

Lot Size4,855 sq ft (0.111 ac)

Lot Dimensions (est.)121 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerMITCHELL H KARR

Assessed Value$318,300

Land Value$90,000

Building Value$228,300

Annual Tax$4,658

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 ↗

Cultural District — 38th StreetHigh

Within the 38th Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth81 ft

Area~2,440 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 2,440 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
3748 12TH AVE S MINNEAPOLIS MN 55407	KARL KOHNEN	RESIDENTIAL	$337,200	40 ft
3740 12TH AVE S MINNEAPOLIS MN 55407	MICHAEL J YZAGUIRRE	RESIDENTIAL	$285,500	40 ft
3736 12TH AVE S MINNEAPOLIS MN 55407	MICHELLE L JOHNS	RESIDENTIAL	$254,200	80 ft
1116 38TH ST E MINNEAPOLIS MN 55407	SHANNON R & THOMAS A TREMMEL	RESIDENTIAL	$238,100	97 ft
1114 38TH ST E MINNEAPOLIS MN 55407	MADELEINE POSSEHL	RESIDENTIAL	$268,800	104 ft
1118 38TH ST E MINNEAPOLIS MN 55407	D L FRONSOE & C J FRONSOE	RESIDENTIAL	$238,200	105 ft
3732 12TH AVE S MINNEAPOLIS MN 55407	SCOTT BEUTEL & CAYLEY BAIRD	RESIDENTIAL	$299,600	120 ft
1106 38TH ST E MINNEAPOLIS MN 55407	1106 E 38TH ST LLC	LOW INCOME RENTAL	$565,000	124 ft
3745 11TH AVE S MINNEAPOLIS MN 55407	LESLIE A MOORE	RESIDENTIAL	$309,400	135 ft
3741 11TH AVE S MINNEAPOLIS MN 55407	D E CARLSON & P L JACKIEWICZ	RESIDENTIAL	$414,800	141 ft

Property History

Most Recent Sale

Date201608

Price$202,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,658