3605 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430029

Property Overview

Parcel ID0202824430029

Lot Size4,882 sq ft (0.112 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerJ D BIEBIGHAUSER/M V OLSEN

Assessed Value$372,200

Land Value$90,000

Building Value$282,200

Annual Tax$5,557

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $7K total declared value · Most recent: Feb 2023 (misc)

MiscFeb 2023Closed

$7K

Bison Builders Inc

ResOct 2020Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ExistresOct 2020Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width26 ft

Buildable depth96 ft

Area~2,463 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 2,463 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
3609 15TH AVE S MINNEAPOLIS MN 55407	NANCY L GOLDMAN	RESIDENTIAL	$318,300	40 ft
3601 15TH AVE S MINNEAPOLIS MN 55407	DEBRA A KNOKE	RESIDENTIAL	$295,800	43 ft
3613 15TH AVE S MINNEAPOLIS MN 55407	TARA BEARD/JEFFREY WASHBURNE	RESIDENTIAL	$337,300	80 ft
3615 15TH AVE S MINNEAPOLIS MN 55407	STEFANIE A HOLMAN	RESIDENTIAL	$295,500	120 ft
3602 BLOOMINGTON AVE MINNEAPOLIS MN 55407	DANIEL SALVADOR BONETE LEMA	RESIDENTIAL-TWO UNIT	$334,100	135 ft
3606 BLOOMINGTON AVE MINNEAPOLIS MN 55407	TOM REID & MAVIS SCHWARTZ	RESIDENTIAL-TWO UNIT	$315,600	135 ft
3600 BLOOMINGTON AVE MINNEAPOLIS MN 55407	W ENDEAVORS LLC	RESIDENTIAL-TWO UNIT	$290,200	143 ft
3608 BLOOMINGTON AVE MINNEAPOLIS MN 55407	TOM REID & MAVIS SCHWARTZ	RESIDENTIAL	$216,600	144 ft
3547 15TH AVE S MINNEAPOLIS MN 55407	MICHAEL A BUECHNER	RESIDENTIAL-TWO UNIT	$339,100	153 ft
3619 15TH AVE S MINNEAPOLIS MN 55407	C A TOMLINSON & D L JENSEN	RESIDENTIAL	$380,300	159 ft

Property History

Most Recent Sale

Date201501

Price$204,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,557