3505 12TH AVE S MINNEAPOLIS MN 55407

PID: 0202824420080

Property Overview

Parcel ID0202824420080

Lot Size4,526 sq ft (0.104 ac)

Lot Dimensions (est.)122 ft wide × 37 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerELLEN CLEARY & MARIA A COLON

Assessed Value$319,700

Land Value$86,000

Building Value$233,700

Annual Tax$4,889

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $31K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$10K

REMAC CONSTRUCTION LLC

MiscSep 2024Closed

$10K

REMAC CONSTRUCTION LLC

ResApr 2022Closed

CenterPoint Energy Resource Corp

MiscMar 2022Closed

$1K

WINDOW WORLD

MiscJan 2022Closed

$10K

WINDOW WORLD

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

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 width109 ft

Buildable depth0 ft

Area~1,976 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,976 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3501 12TH AVE S MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL	$298,100	36 ft
3507 12TH AVE S MINNEAPOLIS MN 55407	KELSEY L BRUSO TRUST	RESIDENTIAL	$387,500	43 ft
1211 35TH ST E MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL	$276,100	93 ft
3511 12TH AVE S MINNEAPOLIS MN 55407	S E HMAMSI & A BAKER	RESIDENTIAL	$352,500	93 ft
1215 35TH ST E MINNEAPOLIS MN 55407	ALICIA MCQUEEN	RESIDENTIAL	$280,300	128 ft
3515 12TH AVE S MINNEAPOLIS MN 55407	H T HENKE & T B HANKE	RESIDENTIAL	$505,200	144 ft
3510 13TH AVE S MINNEAPOLIS MN 55407	D A INGBERG & D A WING	RESIDENTIAL	$392,000	164 ft
1221 35TH ST E MINNEAPOLIS MN 55407	SANDRA L RAMSEY	RESIDENTIAL	$289,500	174 ft
3514 13TH AVE S MINNEAPOLIS MN 55407	13TH AVE LLC	RESIDENTIAL-TWO UNIT	$338,800	197 ft
3504 12TH AVE S MINNEAPOLIS MN 55407	AUBREY HECK & THOMAS HELLER	RESIDENTIAL	$319,600	202 ft

Property History

Most Recent Sale

Date201608

Price$230,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,889