3509 17TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410195

Property Overview

Parcel ID0202824410195

Lot Size5,518 sq ft (0.127 ac)

Lot Dimensions (est.)120 ft wide × 46 ft deep

Year Built1910

Property ClassAPARTMENT

OwnerNDK INVESTMENTS LLC

Assessed Value$544,000

Land Value$77,600

Building Value$466,400

Annual Tax$10,291

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

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 width36 ft

Buildable depth80 ft

Area~2,880 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 2,880 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3513 17TH AVE S MINNEAPOLIS MN 55407	JOHN H & MARY E HEIDELBERGER	RESIDENTIAL	$238,300	46 ft
3505 17TH AVE S MINNEAPOLIS MN 55407	L A BERGIN & P J W RICHIE	RESIDENTIAL-TWO UNIT	$388,200	46 ft
3517 17TH AVE S MINNEAPOLIS MN 55407	A R LUNZ & C F HOVIK	RESIDENTIAL-TWO UNIT	$402,000	92 ft
3501 17TH AVE S MINNEAPOLIS MN 55407	INTL CH OF FOURSQUARE GOSPEL	LAND-COMMERCIAL	$0	92 ft
3508 18TH AVE S MINNEAPOLIS MN 55407	DEBORAH A DUGAN	RESIDENTIAL	$334,600	134 ft
3521 17TH AVE S MINNEAPOLIS MN 55407	ABIGAIL ROGOSHESKE	RESIDENTIAL-TWO UNIT	$440,100	138 ft
3504 18TH AVE S MINNEAPOLIS MN 55407	WAYNE O MARTINSON	RESIDENTIAL	$282,000	141 ft
3512 18TH AVE S MINNEAPOLIS MN 55407	STAR POINT LLC	RESIDENTIAL	$234,200	142 ft
3500 18TH AVE S MINNEAPOLIS MN 55407	EMILY FIGUEROA	RESIDENTIAL-TWO UNIT	$376,600	162 ft
3516 18TH AVE S MINNEAPOLIS MN 55407	PEARSALL PROPERTIES LLC	APARTMENT	$537,000	163 ft

Property History

Most Recent Sale

Date202507

Price$500,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,291