3413 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 0202824410058

Property Overview

Parcel ID0202824410058

Lot Size4,872 sq ft (0.112 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerANGELA ELISE MAKI NORTH

Assessed Value$224,900

Land Value$79,000

Building Value$145,900

Annual Tax$3,101

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

1 permit on record since 2024 · Most recent: Jun 2024 (existres)

ExistresJun 2024Expired

Hoffman Refrigeration and Heating Ltd

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

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,157/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

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 depth82 ft

Area~2,454 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 2,454 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
3417 BLOOMINGTON AVE MINNEAPOLIS MN 55407	KATIE BURGESS	RESIDENTIAL	$305,300	40 ft
3409 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BENSON BENSON/THERESA BENSON	RESIDENTIAL	$314,200	40 ft
3421 BLOOMINGTON AVE MINNEAPOLIS MN 55407	CHRIS DICKSON	RESIDENTIAL	$276,400	80 ft
3405 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ANDREW LUTZ & NIKKI HAUSAUER	RESIDENTIAL	$254,400	80 ft
3425 BLOOMINGTON AVE MINNEAPOLIS MN 55407	J P LABEAUX & C RYAN	RESIDENTIAL	$268,900	120 ft
3401 BLOOMINGTON AVE MINNEAPOLIS MN 55407	HUONG KT NGUYEN	RESIDENTIAL	$299,300	120 ft
3412 16TH AVE S MINNEAPOLIS MN 55407	LUCY M SLATER	RESIDENTIAL	$481,000	136 ft
3408 16TH AVE S MINNEAPOLIS MN 55407	DEANNE C REINHART	RESIDENTIAL	$282,500	141 ft
3416 16TH AVE S MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL	$246,700	142 ft
3404 16TH AVE S MINNEAPOLIS MN 55407	RALPH E LUNDBERG ETAL	RESIDENTIAL	$298,500	157 ft

Property History

Most Recent Sale

Date200302

Price$180,100

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,101