3521 12TH AVE S MINNEAPOLIS MN 55407

PID: 0202824420076

Property Overview

Parcel ID0202824420076

Lot Size9,170 sq ft (0.211 ac)

Lot Dimensions (est.)122 ft wide × 75 ft deep

Year Built1963

Property ClassAPARTMENT

OwnerSVEDAHL INVESTMENTS LLC

Assessed Value$1,050,000

Land Value$11,600

Building Value$82,900

Annual Tax$5,889

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

2 permits on record since 2025 · Most recent: Mar 2026 (commercial minor)

Commercial MinorMar 2026Closed

Armstrong Plumbing LLC

Commercial MinorNov 2025Closed

Armstrong Plumbing LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Minneapolis

Median reported rent1,152/mo

Renter-occupied30.0%

Median home value$271K

Vacancy rate2.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 96

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 width65 ft

Buildable depth82 ft

Area~5,344 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 5,344 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
3515 12TH AVE S MINNEAPOLIS MN 55407	H T HENKE & T B HANKE	RESIDENTIAL	$505,200	62 ft
3525 12TH AVE S MINNEAPOLIS MN 55407	LEVI SABLE	RESIDENTIAL	$276,800	62 ft
3529 12TH AVE S MINNEAPOLIS MN 55407	M & J RIDER	RESIDENTIAL	$282,900	105 ft
3511 12TH AVE S MINNEAPOLIS MN 55407	S E HMAMSI & A BAKER	RESIDENTIAL	$352,500	113 ft
3522 13TH AVE S MINNEAPOLIS MN 55407	C A CZUPKA & G M HUNZIKER	RESIDENTIAL	$200,000	134 ft
3518 13TH AVE S MINNEAPOLIS MN 55407	ANDREA KIEPE	RESIDENTIAL	$214,600	136 ft
3524 13TH AVE S MINNEAPOLIS MN 55407	BRANDON HAYDEN	RESIDENTIAL	$209,600	143 ft
3533 12TH AVE S MINNEAPOLIS MN 55407	JASON E AIDE	RESIDENTIAL	$282,100	143 ft
3514 13TH AVE S MINNEAPOLIS MN 55407	13TH AVE LLC	RESIDENTIAL-TWO UNIT	$338,800	147 ft
3526 13TH AVE S MINNEAPOLIS MN 55407	L D WILLIAMS JR/C J WILLAIMS	RESIDENTIAL	$212,000	154 ft

Property History

Most Recent Sale

Date200501

Price$500,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,889