3437 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410022

Property Overview

Parcel ID0202824410022

Lot Size4,894 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerI G & E R NEWBRE

Assessed Value$171,200

Land Value$91,000

Building Value$80,200

Annual Tax$2,437

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

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 rent1,157/mo

Renter-occupied51.4%

Median home value$305K

Vacancy rate5.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 85

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 width30 ft

Buildable depth82 ft

Area~2,468 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 2,468 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
3441 16TH AVE S MINNEAPOLIS MN 55407	GLEN E INGRAM	RESIDENTIAL-TWO UNIT	$359,500	40 ft
3433 16TH AVE S MINNEAPOLIS MN 55407	R COOPER & M VUJNOVICH TRUST	RESIDENTIAL	$299,200	40 ft
3447 16TH AVE S MINNEAPOLIS MN 55407	N G BITHER & E OLK	RESIDENTIAL	$287,600	80 ft
3429 16TH AVE S MINNEAPOLIS MN 55407	PATRICIA J YONEMURA	RESIDENTIAL	$284,700	80 ft
3449 16TH AVE S MINNEAPOLIS MN 55407	K S JOHNSTAD & W H RICHMOND	RESIDENTIAL	$353,700	120 ft
3425 16TH AVE S MINNEAPOLIS MN 55407	DOROTHY M BERNAS	RESIDENTIAL	$279,700	120 ft
3436 17TH AVE S MINNEAPOLIS MN 55407	MARGARET WOOD	RESIDENTIAL	$171,800	135 ft
3432 17TH AVE S MINNEAPOLIS MN 55407	ANTHONY J MAAS	RESIDENTIAL	$216,300	141 ft
3438 17TH AVE S MINNEAPOLIS MN 55407	J FIELDSTROM & K FIELDSTROM	RESIDENTIAL-TWO UNIT	$474,800	141 ft
3428 17TH AVE S MINNEAPOLIS MN 55407	MARK SCHAAN	RESIDENTIAL-TWO UNIT	$280,700	157 ft

Property History

Most Recent Sale

Date199501

Price$17,900

Type—

Current Tax Year

Year2026

Tax Due$2,437