3501 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824420036

Property Overview

Parcel ID0202824420036

Lot Size8,452 sq ft (0.194 ac)

Lot Dimensions (est.)125 ft wide × 68 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerMALIA A BURKHART

Assessed Value$315,100

Land Value$100,000

Building Value$215,100

Annual Tax$4,986

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2022 · Most recent: Apr 2022 (res)

ResApr 2022Closed

CenterPoint Energy Resource Corp

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$335K-6.9% YoY

Median price / sqft$215/sqft

Median days to close18 days

Active listings78

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth28 ft

Area~3,609 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 3,609 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1511 35TH ST E MINNEAPOLIS MN 55407	MARJORIE S DEBELAK	RESIDENTIAL	$265,800	53 ft
3509 15TH AVE S MINNEAPOLIS MN 55407	LUIS H INAMAGUA ALVACORA	RESIDENTIAL	$182,700	56 ft
3511 15TH AVE S MINNEAPOLIS MN 55407	EPHRAIM EUSEBIO	RESIDENTIAL	$270,900	94 ft
1 ADDRESS PENDING MINNEAPOLIS MN 00000	MODUS LOCUS LLC	RESIDENTIAL	$259,000	116 ft
3515 15TH AVE S MINNEAPOLIS MN 55407	S GREENFIELD & S ROGNESS	RESIDENTIAL	$391,200	138 ft
3445 15TH AVE S MINNEAPOLIS MN 55407	MEGAN A LONGO	RESIDENTIAL	$201,800	140 ft
1510 35TH ST E MINNEAPOLIS MN 55407	NAUN U RODRIGUEZ	RESIDENTIAL	$173,000	145 ft
3506 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ZOOK STANLEY HOLDING CO LLC	COMMERCIAL-PREFERRED	$560,000	160 ft
3504 15TH AVE S MINNEAPOLIS MN 55407	JASON TANZMAN/SARINA YOSPIN	RESIDENTIAL	$293,800	172 ft
3519 15TH AVE S MINNEAPOLIS MN 55407	G G CHIMBORAZO/M T C JUNCAL	RESIDENTIAL	$248,200	175 ft

Property History

Most Recent Sale

Date200908

Price$250,266

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,986