3721 11TH AVE S MINNEAPOLIS MN 55407

PID: 0202824340253

Property Overview

Parcel ID0202824340253

Lot Size6,098 sq ft (0.140 ac)

Lot Dimensions (est.)122 ft wide × 50 ft deep

Year Built1913

Property ClassCONDOMINIUM

OwnerMARIA JOHNSON

Assessed Value$163,000

Land Value$21,000

Building Value$142,000

Annual Tax$2,068

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

2 permits on record since 2017 · $12K total declared value · Most recent: Jan 2017 (remodel)

RemodelJan 2017Closed

$12K

HOMECARE INC

ComnofdbvJan 2017Closed

Southtown Plumbing Inc

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

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$335K-6.9% YoY

Median price / sqft$215/sqft

Median days to close18 days

Active listings78

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 width40 ft

Buildable depth82 ft

Area~3,275 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 3,275 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3721 11TH AVE S MINNEAPOLIS MN 55407	GRACE WELCH	CONDOMINIUM	$168,000	0 ft
3721 11TH AVE S MINNEAPOLIS MN 55407	CAITLIN ANN PINE	CONDOMINIUM	$156,000	0 ft
3721 11TH AVE S MINNEAPOLIS MN 55407	KYLE FRAULY	CONDOMINIUM	$167,000	0 ft
MN	Unknown	—	—	0 ft
3717 11TH AVE S MINNEAPOLIS MN 55407	MATTHEW WEBB LASLEY	RESIDENTIAL	$364,000	45 ft
3727 11TH AVE S MINNEAPOLIS MN 55407	PALMAS MANAGEMENT LLC	APARTMENT	$957,000	60 ft
3715 11TH AVE S MINNEAPOLIS MN 55407	ROBERT T & DIETRAH C HIATT	RESIDENTIAL	$335,700	85 ft
3733 11TH AVE S MINNEAPOLIS MN 55407	JOHN L COOPER III	RESIDENTIAL	$240,000	115 ft
3709 11TH AVE S MINNEAPOLIS MN 55407	CALEB J MAAS & MEGGIE C MAAS	RESIDENTIAL	$215,700	125 ft
3720 12TH AVE S MINNEAPOLIS MN 55407	CASSANDRA SILVEIRA	RESIDENTIAL	$304,600	135 ft

Property History

Most Recent Sale

Date202308

Price$173,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,068