3700 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824440057

Property Overview

Parcel ID0202824440057

Lot Size4,081 sq ft (0.094 ac)

Lot Dimensions (est.)122 ft wide × 33 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerJOAN Y JOHNSON

Assessed Value$220,300

Land Value$81,000

Building Value$139,300

Annual Tax$3,236

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · $18K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$18K

PRO START CONSTRUCTION LLC

ResMay 2019Closed

CenterPoint Energy Resource 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$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 width109 ft

Buildable depth0 ft

Area~1,676 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,676 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3704 16TH AVE S MINNEAPOLIS MN 55407	SCOTT R CARSTENSEN ET AL	RESIDENTIAL	$216,200	37 ft
3708 16TH AVE S MINNEAPOLIS MN 55407	K L OLSON & M M WALTERS	RESIDENTIAL	$229,000	77 ft
3654 16TH AVE S MINNEAPOLIS MN 55407	M & M MAJERLE	RESIDENTIAL	$346,900	105 ft
3712 16TH AVE S MINNEAPOLIS MN 55407	D CORMODE & R B CRANDELL	RESIDENTIAL	$302,600	117 ft
3701 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ANDRE P LOUGEE	RESIDENTIAL	$201,000	134 ft
3705 BLOOMINGTON AVE MINNEAPOLIS MN 55407	KATLYN FLANNERY	RESIDENTIAL	$243,000	139 ft
3648 16TH AVE S MINNEAPOLIS MN 55407	ALLISON K LIPETZKY	RESIDENTIAL-TWO UNIT	$395,000	148 ft
3709 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ANNA M & MICHAEL J HOTZ	RESIDENTIAL	$288,900	154 ft
3716 16TH AVE S MINNEAPOLIS MN 55407	MARK W MCMANUS	RESIDENTIAL	$230,400	157 ft
3701 16TH AVE S MINNEAPOLIS MN 55407	ERIC M CARR	TRIPLEX	$409,000	159 ft

Property History

Current Tax Year

Year2026

Tax Due$3,236