3557 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410076

Property Overview

Parcel ID0202824410076

Lot Size4,458 sq ft (0.102 ac)

Lot Dimensions (est.)122 ft wide × 37 ft deep

Year Built1927

Property ClassRESIDENTIAL-TWO UNIT

OwnerELLIOT GROCHAL

Assessed Value$353,600

Land Value$81,000

Building Value$272,600

Annual Tax$6,920

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $2K total declared value · Most recent: Apr 2026 (res)

ResApr 2026Closed

ACS Logistics Holdings LLC

ExistresAug 2025Closed

4Front Energy Solutions Inc

ExistresMay 2021Closed

BRUCE ARNOLD MECHANICAL

MiscApr 2021Closed

$2K

STEPHEN K STOELZING

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

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,384/mo

Renter-occupied31.1%

Median home value$271K

Vacancy rate4.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1097

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width109 ft

Buildable depth0 ft

Area~1,931 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,931 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
3553 16TH AVE S MINNEAPOLIS MN 55407	DOROTHY E BRAUNWARTH	RESIDENTIAL	$209,600	38 ft
3549 16TH AVE S MINNEAPOLIS MN 55407	E M THOMPSON & P H THOMPSON	RESIDENTIAL	$383,800	78 ft
3601 16TH AVE S MINNEAPOLIS MN 55407	DANA L DOWNEY ET AL	RESIDENTIAL	$399,000	113 ft
3545 16TH AVE S MINNEAPOLIS MN 55407	GERALDINE MARY BREZINKA	RESIDENTIAL	$291,500	118 ft
3554 17TH AVE S MINNEAPOLIS MN 55407	3554 17TH AVENUE SOUTH LLC	APARTMENT	$973,000	136 ft
3548 17TH AVE S MINNEAPOLIS MN 55407	SUSAN H LOSACKER	RESIDENTIAL	$284,300	156 ft
3541 16TH AVE S MINNEAPOLIS MN 55407	P J & M A CHAMBERLAIN	RESIDENTIAL	$316,100	158 ft
3605 16TH AVE S MINNEAPOLIS MN 55407	ELIZABETH E SODERLUND	RESIDENTIAL	$322,400	161 ft
3600 17TH AVE S MINNEAPOLIS MN 55407	BRIAN E PETERSON	CONDOMINIUM	$187,900	174 ft
3600 17TH AVE S MINNEAPOLIS MN 55407	S R G SHERMAN	CONDOMINIUM	$187,900	174 ft

Property History

Most Recent Sale

Date202111

Price$346,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,920