3522 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 0202824420030

Property Overview

Parcel ID0202824420030

Lot Size6,221 sq ft (0.143 ac)

Lot Dimensions (est.)124 ft wide × 50 ft deep

Year Built1926

Property ClassAPARTMENT

OwnerMAURO MADRIGAL & MARIA LALA

Assessed Value$422,000

Land Value$86,000

Building Value$336,000

Annual Tax$7,983

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

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 width40 ft

Buildable depth84 ft

Area~3,376 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 3-story wood frame (5–12 units) benchmarks for 3,376 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3526 BLOOMINGTON AVE MINNEAPOLIS MN 55407	NICHOLASA BLANCAS PEDRAZA	RESIDENTIAL	$180,000	37 ft
3520 BLOOMINGTON AVE MINNEAPOLIS MN 55407	NABOR ARGANDAR YANEZ	RESIDENTIAL	$202,100	44 ft
3528 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BLOOMINGTON AVENUE LLC	APARTMENT	$730,000	75 ft
3518 BLOOMINGTON AVE MINNEAPOLIS MN 55407	4M VENTURES LLC	APARTMENT	$524,000	88 ft
3532 BLOOMINGTON AVE MINNEAPOLIS MN 55407	RACHEL A BENNETT	RESIDENTIAL	$281,200	125 ft
3512 BLOOMINGTON AVE MINNEAPOLIS MN 55407	AMY BLOSS	RESIDENTIAL	$236,500	131 ft
3525 15TH AVE S MINNEAPOLIS MN 55407	MARCO ANTONIO AYUSO	RESIDENTIAL	$267,900	138 ft
3521 15TH AVE S MINNEAPOLIS MN 55407	ROBERT J WITT & WIFE	RESIDENTIAL	$367,900	139 ft
3529 15TH AVE S MINNEAPOLIS MN 55407	JACOB F OLSON	RESIDENTIAL	$240,900	149 ft
3519 15TH AVE S MINNEAPOLIS MN 55407	G G CHIMBORAZO/M T C JUNCAL	RESIDENTIAL	$248,200	153 ft

Property History

Most Recent Sale

Date202303

Price$565,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,983