3725 12TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430126

Property Overview

Parcel ID0202824430126

Lot Size6,124 sq ft (0.141 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerR L PIETZ & B W JORGENSEN

Assessed Value$430,000

Land Value$100,000

Building Value$330,000

Annual Tax$6,522

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Cultural District — 38th StreetHigh

Within the 38th Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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

Permit History

4 permits on record since 2017 · $50K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscJun 2022Closed

$50K

RENEWAL BY ANDERSEN CORP

ResDec 2017Closed

UPTOWN PLUMBING HEATING AND COOLING

ExistresDec 2017Closed

UPTOWN PLUMBING HEATING AND COOLING

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth82 ft

Area~3,298 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 3,298 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
3729 12TH AVE S MINNEAPOLIS MN 55407	BRANDT D PFEIFFER ET AL	RESIDENTIAL	$256,600	50 ft
3721 12TH AVE S MINNEAPOLIS MN 55407	T I HOLT/T L HOLT/L R HOLT	RESIDENTIAL	$212,600	50 ft
3719 12TH AVE S MINNEAPOLIS MN 55407	PHILIP A RASKIN	RESIDENTIAL	$238,700	95 ft
3733 12TH AVE S MINNEAPOLIS MN 55407	S R SPONSLER & A D SPONSLER	RESIDENTIAL	$312,600	100 ft
3724 13TH AVE S MINNEAPOLIS MN 55407	HENRY OVERZET	RESIDENTIAL	$231,900	134 ft
3717 12TH AVE S MINNEAPOLIS MN 55407	STACEY J PEACOCK	RESIDENTIAL	$306,400	135 ft
3720 13TH AVE S MINNEAPOLIS MN 55407	ANDREW CAMPBELL EARNEST	RESIDENTIAL	$353,000	143 ft
3728 13TH AVE S MINNEAPOLIS MN 55407	A E GRIFFIE & R L UNDERHILL	RESIDENTIAL	$396,800	143 ft
3737 12TH AVE S MINNEAPOLIS MN 55407	MICHAEL J SULLIVAN	APARTMENT	$416,000	150 ft
3718 13TH AVE S MINNEAPOLIS MN 55407	C ANDERSON & K ANDERSON	RESIDENTIAL	$350,100	164 ft

Property History

Most Recent Sale

Date199001

Price$71,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,522