3617 12TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430104

Property Overview

Parcel ID0202824430104

Lot Size6,114 sq ft (0.140 ac)

Lot Dimensions (est.)123 ft wide × 50 ft deep

Year Built1924

Property ClassAPARTMENT

OwnerSEAK CHEW & NOELLE CHEW

Assessed Value$521,000

Land Value$86,000

Building Value$435,000

Annual Tax$9,856

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

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~3,292 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 3,292 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
3621 12TH AVE S MINNEAPOLIS MN 55407	ALYSSA RICHES	RESIDENTIAL-TWO UNIT	$359,100	50 ft
3611 12TH AVE S MINNEAPOLIS MN 55407	E P RYAN & J M WAKEFIELD	RESIDENTIAL	$469,300	75 ft
3625 12TH AVE S MINNEAPOLIS MN 55407	L J NEVIN & M M NEVIN	RESIDENTIAL	$325,000	100 ft
3616 13TH AVE S MINNEAPOLIS MN 55407	SUSAN E TAYLOR	RESIDENTIAL	$247,000	134 ft
3612 13TH AVE S MINNEAPOLIS MN 55407	AARON W RITCHIE ET AL	APARTMENT	$521,000	143 ft
3620 13TH AVE S MINNEAPOLIS MN 55407	SPECTRA R MYERS/SAWYER BLUR	RESIDENTIAL	$360,500	143 ft
3605 12TH AVE S MINNEAPOLIS MN 55407	ORONI R CALDWELL	RESIDENTIAL	$268,600	148 ft
3629 12TH AVE S MINNEAPOLIS MN 55407	BIRCH CONSTRUCTION LLC	RESIDENTIAL	$119,600	150 ft
3608 13TH AVE S MINNEAPOLIS MN 55407	SHARON JAFFE	RESIDENTIAL	$295,400	167 ft
3624 13TH AVE S MINNEAPOLIS MN 55407	FRED J & JONAH M VEILLEUX	RESIDENTIAL	$265,500	168 ft

Property History

Most Recent Sale

Date202304

Price$540,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,856