3732 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430169

Property Overview

Parcel ID0202824430169

Lot Size6,380 sq ft (0.146 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerLINDSEY J OLSEN

Assessed Value$367,200

Land Value$101,000

Building Value$266,200

Annual Tax$5,474

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 2020 · $18K total declared value · Most recent: Mar 2024 (res)

ResMar 2024Closed

CenterPoint Energy Resource Corp

MiscSep 2023Expired

$15K

BUILD TODAY FOR TOMORROW LLC

RemodelJun 2020Closed

$3K

REEDER HOME RESTORATIONS

ExistresJun 2020Closed

H2C 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 rent1,384/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 depth88 ft

Area~3,502 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 3,502 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
3726 15TH AVE S MINNEAPOLIS MN 55407	E E NORDIN & E S NORDIN	APARTMENT	$422,000	50 ft
3736 15TH AVE S MINNEAPOLIS MN 55407	EMILY RAEANN SMITH ET AL	RESIDENTIAL	$247,800	50 ft
3740 15TH AVE S MINNEAPOLIS MN 55407	J T MARTIN & G R MARTIN	RESIDENTIAL	$323,900	97 ft
3724 15TH AVE S MINNEAPOLIS MN 55407	PAUL LAI	RESIDENTIAL	$359,600	100 ft
3733 14TH AVE S MINNEAPOLIS MN 55407	JASON E & TANYA COOK	RESIDENTIAL	$379,400	139 ft
3744 15TH AVE S MINNEAPOLIS MN 55407	TODD ANH CAO	COMMERCIAL-PREFERRED	$209,000	144 ft
3731 14TH AVE S MINNEAPOLIS MN 55407	JESSE T GOIN	RESIDENTIAL	$279,900	144 ft
3737 14TH AVE S MINNEAPOLIS MN 55407	CITY OF LAKES COM LAND TRUST	—	$304,200	147 ft
3720 15TH AVE S MINNEAPOLIS MN 55407	A SAGAL & K L SAGAL	RESIDENTIAL	$247,900	150 ft
3727 14TH AVE S MINNEAPOLIS MN 55407	J L SISSON & B T DALY	RESIDENTIAL	$306,000	159 ft

Property History

Most Recent Sale

Date201309

Price$223,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,474