3541 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 0202824410109

Property Overview

Parcel ID0202824410109

Lot Size4,865 sq ft (0.112 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerMARY NEATON & MICHAEL NEATON

Assessed Value$316,800

Land Value$79,000

Building Value$237,800

Annual Tax$4,634

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2017 · $76K total declared value · Most recent: Nov 2022 (misc)

MiscNov 2022Expired

$16K

ALLSTAR CONSTRUCTION COMMERCIAL LLC

ExistresJul 2019Closed

CenterPoint Energy Resource Corp

ResAug 2017Closed

Warners Stellian Co Inc

ResMay 2017Closed

Metro Heating & Cooling LLC

ExistresMay 2017Closed

Metro Heating & Cooling 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

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~2,449 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
3537 BLOOMINGTON AVE MINNEAPOLIS MN 55407	GRAHAM T STRUWE	RESIDENTIAL	$282,600	40 ft
3545 BLOOMINGTON AVE MINNEAPOLIS MN 55407	HENRY EDWARD RUCKER	RESIDENTIAL	$267,800	46 ft
3533 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BRYCE C LARSON ET AL	RESIDENTIAL	$269,900	80 ft
3551 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ERIK L MOORE	RESIDENTIAL	$419,000	99 ft
3529 BLOOMINGTON AVE MINNEAPOLIS MN 55407	A L DILLAHUNT/D S HARRINGTON	RESIDENTIAL	$282,500	120 ft
3540 16TH AVE S MINNEAPOLIS MN 55407	T GLASS & C S COLBY	RESIDENTIAL	$299,000	136 ft
3536 16TH AVE S MINNEAPOLIS MN 55407	BETH E WODRICH	RESIDENTIAL	$343,100	141 ft
3544 16TH AVE S MINNEAPOLIS MN 55407	M D SPECKTOR/MAJ-BRITT SYSE	RESIDENTIAL	$318,100	141 ft
3555 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BLOOMINGTON HOLDINGS LLC	APARTMENT	$447,000	151 ft
3532 16TH AVE S MINNEAPOLIS MN 55407	BULLDOG PROP INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$400,600	157 ft

Property History

Most Recent Sale

Date200607

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,634