3524 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410097

Property Overview

Parcel ID0202824410097

Lot Size4,865 sq ft (0.112 ac)

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

Year Built1913

Property ClassRESIDENTIAL

OwnerA C VELDEY & M K BRANDL

Assessed Value$399,500

Land Value$90,000

Building Value$309,500

Annual Tax$6,265

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $21K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Final Inspection

$4K

Precision Exteriors Restoration LLC

MiscDec 2023Closed

$17K

Precision Exteriors Restoration LLC

MiscAug 2019Closed

$9.5

PRIME HOME CONSTRUCTION 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~2,448 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 2,448 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
3520 16TH AVE S MINNEAPOLIS MN 55407	W C DOMEIER & S M MARX	RESIDENTIAL	$414,300	40 ft
3528 16TH AVE S MINNEAPOLIS MN 55407	M S ROBERTS & P J ROBERTS	RESIDENTIAL	$338,800	40 ft
3516 16TH AVE S MINNEAPOLIS MN 55407	MICHELLE RAE BUZZELL	RESIDENTIAL	$352,300	80 ft
3532 16TH AVE S MINNEAPOLIS MN 55407	BULLDOG PROP INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$400,600	80 ft
3512 16TH AVE S MINNEAPOLIS MN 55407	MYRL BEAM & KATHARINE EUBANK	RESIDENTIAL	$471,200	120 ft
3536 16TH AVE S MINNEAPOLIS MN 55407	BETH E WODRICH	RESIDENTIAL	$343,100	120 ft
3525 BLOOMINGTON AVE MINNEAPOLIS MN 55407	M J YOONG & G YOONG	RESIDENTIAL	$240,300	135 ft
3529 BLOOMINGTON AVE MINNEAPOLIS MN 55407	A L DILLAHUNT/D S HARRINGTON	RESIDENTIAL	$282,500	141 ft
3521 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JAMES ALAN DANIELSON	RESIDENTIAL	$287,800	141 ft
3533 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BRYCE C LARSON ET AL	RESIDENTIAL	$269,900	157 ft

Property History

Current Tax Year

Year2026

Tax Due$6,265