3648 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824440221

Property Overview

Parcel ID0202824440221

Lot Size5,101 sq ft (0.117 ac)

Lot Dimensions (est.)121 ft wide × 42 ft deep

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerALLISON K LIPETZKY

Assessed Value$395,000

Land Value$93,000

Building Value$302,000

Annual Tax$6,202

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $29K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$6K

Bison Builders Inc

RemodelMar 2018Closed

$10K

ALL ENERGY SOLAR INC

RemodelMar 2017Cancelled

$12K

ALL ENERGY SOLAR 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 width32 ft

Buildable depth81 ft

Area~2,606 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 2,606 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3644 16TH AVE S MINNEAPOLIS MN 55407	COLLEEN C BUCKMAN	RESIDENTIAL-TWO UNIT	$339,700	42 ft
3654 16TH AVE S MINNEAPOLIS MN 55407	M & M MAJERLE	RESIDENTIAL	$346,900	43 ft
3640 16TH AVE S MINNEAPOLIS MN 55407	T A HART & F SEQUEIROS	RESIDENTIAL	$276,500	84 ft
3636 16TH AVE S MINNEAPOLIS MN 55407	M SWANDBY & C MCDOWELL	RESIDENTIAL	$348,000	126 ft
3649 BLOOMINGTON AVE MINNEAPOLIS MN 55407	TRELAWNEY E M COPLEY-SMITH	RESIDENTIAL	$354,400	135 ft
3653 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ANDREW ROBERT MCNAMARA	RESIDENTIAL-TWO UNIT	$280,800	142 ft
3645 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JAMES K SCHNEIDER	RESIDENTIAL-TWO UNIT	$372,900	142 ft
3700 16TH AVE S MINNEAPOLIS MN 55407	JOAN Y JOHNSON	RESIDENTIAL	$220,300	148 ft
3641 BLOOMINGTON AVE MINNEAPOLIS MN 55407	J M LADWIG & E A MATTHESEN	RESIDENTIAL-TWO UNIT	$442,000	160 ft
3632 16TH AVE S MINNEAPOLIS MN 55407	ANTHONY PAUL & NANCY J PAUL	RESIDENTIAL	$317,200	168 ft

Property History

Most Recent Sale

Date199301

Price$1

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,202