3644 10TH AVE S MINNEAPOLIS MN 55407

PID: 0202824340260

Property Overview

Parcel ID0202824340260

Lot Size5,818 sq ft (0.134 ac)

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

Year Built1918

Property ClassAPARTMENT

OwnerROBERT OLSON

Assessed Value$521,000

Land Value$81,300

Building Value$439,700

Annual Tax$9,856

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

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

Permit History

2 permits on record since 2018 · $1K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

RoofwindSep 2018Closed

$1K

WINDOW WORLD

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$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~3,110 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 3,110 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
3640 10TH AVE S MINNEAPOLIS MN 55407	NATHAN WEST	APARTMENT	$451,000	46 ft
3650 10TH AVE S MINNEAPOLIS MN 55407	R G OLSON/G E JOHNSON	RESIDENTIAL	$301,300	46 ft
3636 10TH AVE S MINNEAPOLIS MN 55407	DONOVAN L WALKER	RESIDENTIAL-TWO UNIT	$386,200	92 ft
3641 ELLIOT AVE MINNEAPOLIS MN 55407	CB PRG PORTFOLIO I LTD PRTNR	LOW INCOME RENTAL	$753,000	138 ft
3632 10TH AVE S MINNEAPOLIS MN 55407	KIANA A COOMBS	RESIDENTIAL	$239,300	138 ft
3700 10TH AVE S MINNEAPOLIS MN 55407	PHILIP KHALAR	RESIDENTIAL	$233,500	147 ft
3633 ELLIOT AVE MINNEAPOLIS MN 55407	CB PRG PORTFOLIO I LTD PRTNR	LOW INCOME RENTAL	$965,200	180 ft
3628 10TH AVE S MINNEAPOLIS MN 55407	MARK E SUCHY	RESIDENTIAL	$373,000	183 ft
3704 10TH AVE S MINNEAPOLIS MN 55407	GREGORY S ANDERSON	RESIDENTIAL-TWO UNIT	$404,500	185 ft
3645 10TH AVE S MINNEAPOLIS MN 55407	RONALD THOMPSON/MEJKEN BYRAM	APARTMENT	$454,000	192 ft

Property History

Most Recent Sale

Date202108

Price$577,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,856