3620 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824440193

Property Overview

Parcel ID0202824440193

Lot Size4,861 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerD E LEISEN & A D KUENNING

Assessed Value$300,000

Land Value$90,000

Building Value$210,000

Annual Tax$4,606

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $23K total declared value · Most recent: Jul 2024 (existres)

ExistresJul 2024Closed

STAFFORD HOME SERVICE

AccessoryApr 2023Closed

$15K

SUSSEL CORP

MiscMay 2019Closed

$9K

PINNACLE RENOVATIONS LLC

ResFeb 2018Closed

Weld and Sons Plumbing 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 width30 ft

Buildable depth82 ft

Area~2,445 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 2,445 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3616 16TH AVE S MINNEAPOLIS MN 55407	TAYLOR BROOKE STEFFEN	RESIDENTIAL	$294,400	40 ft
3624 16TH AVE S MINNEAPOLIS MN 55407	J D STITZEL & A M VINICK	RESIDENTIAL	$282,700	40 ft
3628 16TH AVE S MINNEAPOLIS MN 55407	F R EK & C A MELL	RESIDENTIAL	$287,000	81 ft
3612 16TH AVE S MINNEAPOLIS MN 55407	CYNTHIA ANN LUNDGREN	RESIDENTIAL-TWO UNIT	$421,400	82 ft
3632 16TH AVE S MINNEAPOLIS MN 55407	ANTHONY PAUL & NANCY J PAUL	RESIDENTIAL	$317,200	123 ft
3608 16TH AVE S MINNEAPOLIS MN 55407	KEVIN ROWE & MEGAN ROWE	RESIDENTIAL	$334,800	126 ft
3621 BLOOMINGTON AVE MINNEAPOLIS MN 55407	AARON FONTAINE	RESIDENTIAL-TWO UNIT	$379,900	135 ft
3625 BLOOMINGTON AVE MINNEAPOLIS MN 55407	L H MALDONADO/R G MARCIAL	RESIDENTIAL	$324,500	141 ft
3617 BLOOMINGTON AVE MINNEAPOLIS MN 55407	RANDAL ANDERSON LIV TRUST	RESIDENTIAL	$265,600	141 ft
3629 BLOOMINGTON AVE MINNEAPOLIS MN 55407	K M MCCAMISH & S MCCAMISH	RESIDENTIAL	$271,900	157 ft

Property History

Most Recent Sale

Date198906

Price$68,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,606