3507 12TH AVE S MINNEAPOLIS MN 55407

PID: 0202824420079

Property Overview

Parcel ID0202824420079

Lot Size6,116 sq ft (0.140 ac)

Lot Dimensions (est.)122 ft wide × 50 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerKELSEY L BRUSO TRUST

Assessed Value$387,500

Land Value$100,000

Building Value$287,500

Annual Tax$6,092

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $97K total declared value · Most recent: Feb 2025 (misc)

MiscFeb 2025Closed

$62K

KAUFMAN SHEET METAL ROOFING INC

ResApr 2022Closed

CenterPoint Energy Resource Corp

RemodelNov 2019Closed

$12K

ALL ENERGY SOLAR INC

NewresDec 2017Closed

$9K

SODERLIN PLUMBING HEATING AND AIR

NewMar 2017Closed

$14K

SUSSEL 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 rent1,152/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 width40 ft

Buildable depth82 ft

Area~3,291 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 3,291 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
3505 12TH AVE S MINNEAPOLIS MN 55407	ELLEN CLEARY & MARIA A COLON	RESIDENTIAL	$319,700	43 ft
3511 12TH AVE S MINNEAPOLIS MN 55407	S E HMAMSI & A BAKER	RESIDENTIAL	$352,500	50 ft
3501 12TH AVE S MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL	$298,100	79 ft
3515 12TH AVE S MINNEAPOLIS MN 55407	H T HENKE & T B HANKE	RESIDENTIAL	$505,200	100 ft
1211 35TH ST E MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL	$276,100	105 ft
1215 35TH ST E MINNEAPOLIS MN 55407	ALICIA MCQUEEN	RESIDENTIAL	$280,300	129 ft
3510 13TH AVE S MINNEAPOLIS MN 55407	D A INGBERG & D A WING	RESIDENTIAL	$392,000	143 ft
3521 12TH AVE S MINNEAPOLIS MN 55407	SVEDAHL INVESTMENTS LLC	APARTMENT	$1,050,000	163 ft
3514 13TH AVE S MINNEAPOLIS MN 55407	13TH AVE LLC	RESIDENTIAL-TWO UNIT	$338,800	168 ft
1221 35TH ST E MINNEAPOLIS MN 55407	SANDRA L RAMSEY	RESIDENTIAL	$289,500	178 ft

Property History

Most Recent Sale

Date200610

Price$125,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$6,092