3501 14TH AVE S MINNEAPOLIS MN 55407

PID: 0202824420053

Property Overview

Parcel ID0202824420053

Lot Size9,091 sq ft (0.209 ac)

Lot Dimensions (est.)127 ft wide × 71 ft deep

Year Built1962

Property ClassAPARTMENT

OwnerJOHN O'NEILL

Assessed Value$1,058,000

Land Value$11,500

Building Value$83,700

Annual Tax$19,564

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

4 permits on record since 2020 · $62K total declared value · Most recent: May 2024 (commercial minor)

Commercial MinorMay 2024Closed

Warners Stellian Co Inc

Commercial MinorAug 2023Closed

Warners Stellian Co Inc

ComnofdbvJun 2020Closed

Warners Stellian Co Inc

RoofwindJan 2020Closed

$62K

RENEWAL BY ANDERSEN 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$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

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 width114 ft

Buildable depth31 ft

Area~5,097 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 5,097 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
3507 14TH AVE S MINNEAPOLIS MN 55407	MARY ELLEN FISCHER	RESIDENTIAL	$267,300	58 ft
3511 14TH AVE S MINNEAPOLIS MN 55407	A O KOCH & M L V OORT	RESIDENTIAL	$256,200	96 ft
3515 14TH AVE S MINNEAPOLIS MN 55407	JENNIFER CARMICHAEL	RESIDENTIAL	$269,600	136 ft
1423 35TH ST E MINNEAPOLIS MN 55407	ARC MINISTRY INC	APARTMENT	$447,000	139 ft
3504 15TH AVE S MINNEAPOLIS MN 55407	JASON TANZMAN/SARINA YOSPIN	RESIDENTIAL	$293,800	141 ft
3506 15TH AVE S MINNEAPOLIS MN 55407	R LEIVERS & M LEIVERS	RESIDENTIAL	$233,100	147 ft
3508 15TH AVE S MINNEAPOLIS MN 55407	FRANCESCA PEMBERTON	RESIDENTIAL	$349,200	164 ft
3517 14TH AVE S MINNEAPOLIS MN 55407	ELIA VELEZ	RESIDENTIAL	$247,500	173 ft
3502 14TH AVE S MINNEAPOLIS MN 55407	N B STANLEY & L M TOREY	RESIDENTIAL	$295,900	187 ft
3504 14TH AVE S MINNEAPOLIS MN 55407	CITY OF LAKES COMM LAND TRST	—	$262,000	188 ft

Property History

Current Tax Year

Year2026

Tax Due$19,564