3547 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824420136

Property Overview

Parcel ID0202824420136

Lot Size4,977 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1920

Property ClassRESIDENTIAL-TWO UNIT

OwnerMICHAEL A BUECHNER

Assessed Value$339,100

Land Value$80,000

Building Value$259,100

Annual Tax$5,044

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2018 · $11K total declared value · Most recent: Apr 2022 (res)

ResApr 2022Closed

CenterPoint Energy Resource Corp

MiscOct 2018Closed

$11K

LEGACY RESTORATION LLC

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 width111 ft

Buildable depth0 ft

Area~2,279 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 2,279 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3543 15TH AVE S MINNEAPOLIS MN 55407	J C MALY & A C LILLIS	RESIDENTIAL	$262,000	40 ft
3539 15TH AVE S MINNEAPOLIS MN 55407	SCOTT J SHEAHAN	RESIDENTIAL	$358,600	82 ft
3601 15TH AVE S MINNEAPOLIS MN 55407	DEBRA A KNOKE	RESIDENTIAL	$295,800	109 ft
3535 15TH AVE S MINNEAPOLIS MN 55407	MATTHEW ENGEN	RESIDENTIAL-TWO UNIT	$374,200	130 ft
3544 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JAMIE V PHELPS	RESIDENTIAL	$231,800	136 ft
3540 BLOOMINGTON AVE MINNEAPOLIS MN 55407	REVIVAL PROPERTIES LLC	APARTMENT	$528,000	146 ft
3605 15TH AVE S MINNEAPOLIS MN 55407	J D BIEBIGHAUSER/M V OLSEN	RESIDENTIAL	$372,200	153 ft
3544 15TH AVE S MINNEAPOLIS MN 55407	AMANDA J KLINT	RESIDENTIAL	$240,700	160 ft
3536 BLOOMINGTON AVE MINNEAPOLIS MN 55407	POWDERDECO LLC	APARTMENT	$502,000	171 ft
3600 BLOOMINGTON AVE MINNEAPOLIS MN 55407	W ENDEAVORS LLC	RESIDENTIAL-TWO UNIT	$290,200	171 ft

Property History

Most Recent Sale

Date200212

Price$198,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,044