3655 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824440209

Property Overview

Parcel ID0202824440209

Lot Size5,423 sq ft (0.124 ac)

Lot Dimensions (est.)121 ft wide × 45 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerSTEPHANIE LIPETZKY

Assessed Value$243,900

Land Value$96,000

Building Value$147,900

Annual Tax$3,698

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2016 · $38K total declared value · Most recent: Aug 2024 (accessory)

AccessoryAug 2024Closed

$25K

SUSSEL CORP

MiscMay 2024Closed

$8K

CRAFTSMEN HOME IMPROVEMENT INC

MiscDec 2016Closed

$5K

CRAFTSMEN HOME IMPROVEMENT INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

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 width108 ft

Buildable depth5 ft

Area~2,577 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 2,577 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3649 16TH AVE S MINNEAPOLIS MN 55407	ELLIS DELANEY/TERRI DELANEY	RESIDENTIAL	$346,600	43 ft
3645 16TH AVE S MINNEAPOLIS MN 55407	JAMES R MILLER TRUST	RESIDENTIAL	$293,700	85 ft
3701 16TH AVE S MINNEAPOLIS MN 55407	ERIC M CARR	TRIPLEX	$409,000	107 ft
1611 37TH ST E MINNEAPOLIS MN 55407	T SPALDING & J S MURRELL	RESIDENTIAL	$126,000	112 ft
3641 16TH AVE S MINNEAPOLIS MN 55407	E DEERING & E BASHIROV	RESIDENTIAL	$332,000	127 ft
3652 17TH AVE S MINNEAPOLIS MN 55407	MITCHELL J MILLER ET AL	RESIDENTIAL-TWO UNIT	$427,000	135 ft
3705 16TH AVE S MINNEAPOLIS MN 55407	K E LEE & S A CONLEE	RESIDENTIAL	$275,100	142 ft
3648 17TH AVE S MINNEAPOLIS MN 55407	C D BARES & N L BARES	RESIDENTIAL	$363,200	142 ft
3644 17TH AVE S MINNEAPOLIS MN 55407	DAVID L BAEL & ANDREA K CYR	RESIDENTIAL	$296,100	159 ft
3637 16TH AVE S MINNEAPOLIS MN 55407	PETER J LEHNER	RESIDENTIAL-TWO UNIT	$384,400	169 ft

Property History

Most Recent Sale

Date201605

Price$65,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$3,698