3717 12TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430129

Property Overview

Parcel ID0202824430129

Lot Size4,900 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerSTACEY J PEACOCK

Assessed Value$306,400

Land Value$90,000

Building Value$216,400

Annual Tax$4,460

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

4 permits on record since 2017 · $22K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscApr 2023Closed

$10K

Minnesota Made Roofing and Remodeling LLC

ResMay 2020Closed

Urban Pine Plumbing and Mechanical Inc

MiscMay 2017Closed

$12K

AUSTAD CONSTRUCTION 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth83 ft

Area~2,474 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 2,474 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
3719 12TH AVE S MINNEAPOLIS MN 55407	PHILIP A RASKIN	RESIDENTIAL	$238,700	40 ft
3711 12TH AVE S MINNEAPOLIS MN 55407	M TVEITBAKK & B TVEITBAKK	RESIDENTIAL	$262,000	40 ft
3709 12TH AVE S MINNEAPOLIS MN 55407	BENJAMIN P POST	RESIDENTIAL	$341,500	80 ft
3721 12TH AVE S MINNEAPOLIS MN 55407	T I HOLT/T L HOLT/L R HOLT	RESIDENTIAL	$212,600	85 ft
3705 12TH AVE S MINNEAPOLIS MN 55407	KATHERINE H JONES	RESIDENTIAL	$271,600	121 ft
3714 13TH AVE S MINNEAPOLIS MN 55407	RYNDA N CARLIS	RESIDENTIAL	$306,100	134 ft
3725 12TH AVE S MINNEAPOLIS MN 55407	R L PIETZ & B W JORGENSEN	RESIDENTIAL	$430,000	135 ft
3710 13TH AVE S MINNEAPOLIS MN 55407	TYLER M B DERCKS	RESIDENTIAL	$325,000	140 ft
3718 13TH AVE S MINNEAPOLIS MN 55407	C ANDERSON & K ANDERSON	RESIDENTIAL	$350,100	140 ft
3706 13TH AVE S MINNEAPOLIS MN 55407	ALLISON BRIMEYER ET AL	RESIDENTIAL	$239,700	156 ft

Property History

Most Recent Sale

Date199802

Price$90,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,460