3616 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430035

Property Overview

Parcel ID0202824430035

Lot Size6,372 sq ft (0.146 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerNICOLE J PAMELIA

Assessed Value$302,900

Land Value$102,000

Building Value$200,900

Annual Tax$4,401

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $26K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

MiscApr 2024Closed

$10K

Close To Home Construction LLC

MiscApr 2024Closed

$16K

Close To Home Construction LLC

ResJan 2017Closed

CENTERPOINT ENERGY

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 width40 ft

Buildable depth87 ft

Area~3,497 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 3,497 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
3612 15TH AVE S MINNEAPOLIS MN 55407	A M SHARKEY SIMPKINS ET AL	RESIDENTIAL	$329,000	50 ft
3620 15TH AVE S MINNEAPOLIS MN 55407	LESTER JOOS	RESIDENTIAL	$223,500	50 ft
3608 15TH AVE S MINNEAPOLIS MN 55407	S J MOONEY & M L NICHOLSON	RESIDENTIAL	$269,900	100 ft
3624 15TH AVE S MINNEAPOLIS MN 55407	L MARTINEZ & B MARTINEZ	RESIDENTIAL	$175,900	100 ft
3619 14TH AVE S MINNEAPOLIS MN 55407	LILIANE A BILEZIKIAN	RESIDENTIAL	$263,000	139 ft
3617 14TH AVE S MINNEAPOLIS MN 55407	PAUL S MCCLUSKEY	RESIDENTIAL	$252,000	144 ft
3621 14TH AVE S MINNEAPOLIS MN 55407	DOUG BERGERT/ KRISTA BERGERT	RESIDENTIAL	$213,500	147 ft
3604 15TH AVE S MINNEAPOLIS MN 55407	KAITLIN A BUSSE WOLFGRAM	RESIDENTIAL	$325,800	148 ft
3628 15TH AVE S MINNEAPOLIS MN 55407	ELLEN KINGSBURY/ALAN SAVAGE	RESIDENTIAL	$308,800	150 ft
3615 14TH AVE S MINNEAPOLIS MN 55407	SERGE L OLIVER	RESIDENTIAL	$237,000	159 ft

Property History

Most Recent Sale

Date201701

Price$227,700

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,401