3504 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410092

Property Overview

Parcel ID0202824410092

Lot Size4,866 sq ft (0.112 ac)

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

Year Built1914

Property ClassRESIDENTIAL-TWO UNIT

OwnerMARGARET A SCHILLER TRUST

Assessed Value$441,400

Land Value$90,000

Building Value$351,400

Annual Tax$6,952

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $58K total declared value · Most recent: Nov 2025 (misc)

MiscNov 2025Closed

$7K

CRAFTSMEN HOME IMPROVEMENT INC

MiscAug 2024Closed

$37K

Solaris Roofing LLC

AccessoryAug 2020Closed

$10K

JACK THE CARPENTER INC

MiscJan 2019Closed

$4K

CRAFTSMEN HOME IMPROVEMENT INC

ResJun 2018Closed

SCOTT THEILBAR O C INSTALLS LLC

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth82 ft

Area~2,449 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 2,449 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
3500 16TH AVE S MINNEAPOLIS MN 55407	D E SIEPLINGA & A R SHAW	RESIDENTIAL	$292,800	40 ft
3508 16TH AVE S MINNEAPOLIS MN 55407	ADAM KAMINSKY & MEGAN BRUCE	RESIDENTIAL	$313,900	40 ft
3512 16TH AVE S MINNEAPOLIS MN 55407	MYRL BEAM & KATHARINE EUBANK	RESIDENTIAL	$471,200	80 ft
3516 16TH AVE S MINNEAPOLIS MN 55407	MICHELLE RAE BUZZELL	RESIDENTIAL	$352,300	120 ft
3456 16TH AVE S MINNEAPOLIS MN 55407	P F & M J NIELSEN	RESIDENTIAL	$165,900	135 ft
3501 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MPLS PUB HSG AUTH/CITY MPLS	APARTMENT	$0	137 ft
3509 BLOOMINGTON AVE MINNEAPOLIS MN 55407	R LANE & N UBBELOHDE	RESIDENTIAL	$235,300	141 ft
3513 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BENJAMIN A & LAURA A JUSTIN	RESIDENTIAL	$305,500	157 ft
3520 16TH AVE S MINNEAPOLIS MN 55407	W C DOMEIER & S M MARX	RESIDENTIAL	$414,300	160 ft
3452 16TH AVE S MINNEAPOLIS MN 55407	SCOTT HARRIS & RUTH HARRIS	RESIDENTIAL	$250,400	170 ft

Property History

Most Recent Sale

Date201609

Price$315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,952