3601 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824440174

Property Overview

Parcel ID0202824440174

Lot Size6,892 sq ft (0.158 ac)

Lot Dimensions (est.)122 ft wide × 57 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerDANA L DOWNEY ET AL

Assessed Value$399,000

Land Value$99,000

Building Value$300,000

Annual Tax$6,005

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $18K total declared value · Most recent: Feb 2025 (res)

ResFeb 2025Inspection

Warners Stellian Co Inc

MiscAug 2022Closed

$18K

KAUFMAN SHEET METAL ROOFING INC

ExistresMar 2019Closed

Ray N Welter Heating Co

ExistresMar 2019Closed

Ray N Welter Heating Co

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 depth17 ft

Area~3,563 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 3,563 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
3605 16TH AVE S MINNEAPOLIS MN 55407	ELIZABETH E SODERLUND	RESIDENTIAL	$322,400	48 ft
3609 16TH AVE S MINNEAPOLIS MN 55407	JENNIFER A NEVITT	RESIDENTIAL	$345,600	88 ft
3557 16TH AVE S MINNEAPOLIS MN 55407	ELLIOT GROCHAL	RESIDENTIAL-TWO UNIT	$353,600	113 ft
3613 16TH AVE S MINNEAPOLIS MN 55407	V F LAEHN & S A MYERS	RESIDENTIAL	$314,400	128 ft
3600 17TH AVE S MINNEAPOLIS MN 55407	BRIAN E PETERSON	CONDOMINIUM	$187,900	135 ft
3600 17TH AVE S MINNEAPOLIS MN 55407	S R G SHERMAN	CONDOMINIUM	$187,900	135 ft
3600 17TH AVE S MINNEAPOLIS MN 55407	RAMIN G DAGHIGH	CONDOMINIUM	$190,500	135 ft
3600 17TH AVE S MINNEAPOLIS MN 55407	S H KUBO & A D TORRE	CONDOMINIUM	$178,600	135 ft
3600 17TH AVE S MINNEAPOLIS MN 55407	S KNEEN & M R KNEEN	CONDOMINIUM	$168,600	135 ft
MN	Unknown	—	—	135 ft

Property History

Most Recent Sale

Date202308

Price$425,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,005