3654 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824440222

Property Overview

Parcel ID0202824440222

Lot Size5,424 sq ft (0.125 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerM & M MAJERLE

Assessed Value$346,900

Land Value$96,000

Building Value$250,900

Annual Tax$5,417

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · Most recent: Feb 2023 (res)

ResFeb 2023Cancelled

Affinity Plumbing LLC

ResMay 2019Closed

SODERLIN PLUMBING HEATING AND AIR

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 width108 ft

Buildable depth5 ft

Area~2,579 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 2,579 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
3648 16TH AVE S MINNEAPOLIS MN 55407	ALLISON K LIPETZKY	RESIDENTIAL-TWO UNIT	$395,000	43 ft
3644 16TH AVE S MINNEAPOLIS MN 55407	COLLEEN C BUCKMAN	RESIDENTIAL-TWO UNIT	$339,700	85 ft
3700 16TH AVE S MINNEAPOLIS MN 55407	JOAN Y JOHNSON	RESIDENTIAL	$220,300	105 ft
3640 16TH AVE S MINNEAPOLIS MN 55407	T A HART & F SEQUEIROS	RESIDENTIAL	$276,500	127 ft
3653 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ANDREW ROBERT MCNAMARA	RESIDENTIAL-TWO UNIT	$280,800	135 ft
3704 16TH AVE S MINNEAPOLIS MN 55407	SCOTT R CARSTENSEN ET AL	RESIDENTIAL	$216,200	142 ft
3649 BLOOMINGTON AVE MINNEAPOLIS MN 55407	TRELAWNEY E M COPLEY-SMITH	RESIDENTIAL	$354,400	142 ft
3645 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JAMES K SCHNEIDER	RESIDENTIAL-TWO UNIT	$372,900	160 ft
3636 16TH AVE S MINNEAPOLIS MN 55407	M SWANDBY & C MCDOWELL	RESIDENTIAL	$348,000	169 ft
3701 BLOOMINGTON AVE MINNEAPOLIS MN 55407	ANDRE P LOUGEE	RESIDENTIAL	$201,000	170 ft

Property History

Most Recent Sale

Date198609

Price$61,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,417