3705 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430210

Property Overview

Parcel ID0202824430210

Lot Size6,119 sq ft (0.140 ac)

Lot Dimensions (est.)122 ft wide × 50 ft deep

Year Built1925

Property ClassRESIDENTIAL-TWO UNIT

OwnerL M JENSEN & A R CROSSMAN

Assessed Value$418,700

Land Value$100,000

Building Value$318,700

Annual Tax$6,333

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

1 permit on record since 2022 · $25K total declared value · Most recent: Jul 2022 (accessory)

AccessoryJul 2022Closed

$25K

SUSSEL CORP

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$335K-6.9% YoY

Median price / sqft$215/sqft

Median days to close18 days

Active listings78

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~3,294 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 3,294 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
3709 15TH AVE S MINNEAPOLIS MN 55407	A HOLIDAY & A HOLIDAY	RESIDENTIAL	$283,600	50 ft
3701 15TH AVE S MINNEAPOLIS MN 55407	KENNETH C DAHLIN	RESIDENTIAL-TWO UNIT	$378,700	50 ft
3713 15TH AVE S MINNEAPOLIS MN 55407	PARRIS D JETT/WILLIAM B JETT	RESIDENTIAL	$203,000	100 ft
3704 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MATTHEW PORWALL	RESIDENTIAL	$199,700	134 ft
3700 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MANA HOLDINGS GROUP LLC	RESIDENTIAL-TWO UNIT	$323,800	143 ft
3708 BLOOMINGTON AVE MINNEAPOLIS MN 55407	EAMONN MCLAIN	RESIDENTIAL	$209,300	144 ft
3717 15TH AVE S MINNEAPOLIS MN 55407	JULIE A EDIN	RESIDENTIAL	$280,000	150 ft
3649 15TH AVE S MINNEAPOLIS MN 55407	TIMOTHY JAMES HARINCAR	RESIDENTIAL	$321,600	167 ft
3714 BLOOMINGTON AVE MINNEAPOLIS MN 55407	KENNETH R BLUMBERG	RESIDENTIAL	$378,400	168 ft
1508 37TH ST E MINNEAPOLIS MN 55407	JOHN E NORBLOM JR ET AL	RESIDENTIAL	$211,600	169 ft

Property History

Most Recent Sale

Date200109

Price$159,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,333