3608 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824440190

Property Overview

Parcel ID0202824440190

Lot Size5,348 sq ft (0.123 ac)

Lot Dimensions (est.)122 ft wide × 44 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerKEVIN ROWE & MEGAN ROWE

Assessed Value$334,800

Land Value$94,000

Building Value$240,800

Annual Tax$5,211

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2022 · $9K total declared value · Most recent: Jul 2022 (misc)

MiscJul 2022Closed

$9K

Twin City Roofing Construction Specialist 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 width34 ft

Buildable depth82 ft

Area~2,772 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 2,772 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
3604 16TH AVE S MINNEAPOLIS MN 55407	MARTIN/TONJA SAHAYDAK RV TR	RESIDENTIAL-TWO UNIT	$380,000	44 ft
3612 16TH AVE S MINNEAPOLIS MN 55407	CYNTHIA ANN LUNDGREN	RESIDENTIAL-TWO UNIT	$421,400	44 ft
3616 16TH AVE S MINNEAPOLIS MN 55407	TAYLOR BROOKE STEFFEN	RESIDENTIAL	$294,400	86 ft
3600 16TH AVE S MINNEAPOLIS MN 55407	LUKE ANDERSON/ROBYN WISEMAN	RESIDENTIAL	$444,000	88 ft
3620 16TH AVE S MINNEAPOLIS MN 55407	D E LEISEN & A D KUENNING	RESIDENTIAL	$300,000	126 ft
3609 BLOOMINGTON AVE MINNEAPOLIS MN 55407	J E C MARTIN JR & K E HITES	RESIDENTIAL-TWO UNIT	$392,800	135 ft
3613 BLOOMINGTON AVE MINNEAPOLIS MN 55407	RACHEL SARAH LEVINE	RESIDENTIAL	$329,400	142 ft
3605 BLOOMINGTON AVE MINNEAPOLIS MN 55407	FREDERICK BRYAN/ELLIE BRYAN	RESIDENTIAL	$308,800	143 ft
3617 BLOOMINGTON AVE MINNEAPOLIS MN 55407	RANDAL ANDERSON LIV TRUST	RESIDENTIAL	$265,600	160 ft
3601 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MADISON AVE HOMES LLC	RESIDENTIAL-TWO UNIT	$275,900	162 ft

Property History

Most Recent Sale

Date202305

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,211