3601 12TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430107

Property Overview

Parcel ID0202824430107

Lot Size6,116 sq ft (0.140 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerW H & R M HEDEMARK

Assessed Value$251,800

Land Value$88,000

Building Value$163,800

Annual Tax$3,549

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2023 · $16K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscDec 2023Closed

$16K

KAUFMAN SHEET METAL ROOFING INC

ExistresJul 2023Expired

Residential Heating and Air Conditioning 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 rent1,152/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 width110 ft

Buildable depth10 ft

Area~3,046 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 3,046 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
3605 12TH AVE S MINNEAPOLIS MN 55407	ORONI R CALDWELL	RESIDENTIAL	$268,600	49 ft
3611 12TH AVE S MINNEAPOLIS MN 55407	E P RYAN & J M WAKEFIELD	RESIDENTIAL	$469,300	121 ft
3545 12TH AVE S MINNEAPOLIS MN 55407	RS PROPERTIES LLC	APARTMENT	$1,183,000	128 ft
3600 13TH AVE S MINNEAPOLIS MN 55407	JOHN & BARBARA PULEO ET AL	RESIDENTIAL	$427,400	134 ft
3604 13TH AVE S MINNEAPOLIS MN 55407	M C CHAMORRO & J L FLORES	RESIDENTIAL	$354,400	143 ft
3608 13TH AVE S MINNEAPOLIS MN 55407	SHARON JAFFE	RESIDENTIAL	$295,400	166 ft
3546 13TH AVE S MINNEAPOLIS MN 55407	TOBY SCHRODER	RESIDENTIAL-TWO UNIT	$403,000	172 ft
3539 12TH AVE S MINNEAPOLIS MN 55407	SHAY M O'TOOLE	RESIDENTIAL	$272,000	191 ft
3617 12TH AVE S MINNEAPOLIS MN 55407	SEAK CHEW & NOELLE CHEW	APARTMENT	$521,000	196 ft
3542 13TH AVE S MINNEAPOLIS MN 55407	MICHELLE BELLFIELD	RESIDENTIAL-TWO UNIT	$395,900	198 ft

Property History

Most Recent Sale

Date199304

Price$40,000

Type—

Current Tax Year

Year2026

Tax Due$3,549