3126 CLINTON AVE MINNEAPOLIS MN 55408

PID: 0302824110147

Property Overview

Parcel ID0302824110147

Lot Size5,752 sq ft (0.132 ac)

Lot Dimensions (est.)128 ft wide × 45 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerSALVADOR CHYEREZ

Assessed Value$138,000

Land Value$54,000

Building Value$84,000

Annual Tax$2,136

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2024 · Most recent: Oct 2024 (res)

ResOct 2024Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Central · Minneapolis

Median reported rent1,224/mo

Renter-occupied65.9%

Median home value$308K

Vacancy rate4.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 83

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width35 ft

Buildable depth88 ft

Area~3,073 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 3,073 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3120 CLINTON AVE MINNEAPOLIS MN 55408	DUQUEIRO DEJESUS CANO	RESIDENTIAL-TWO UNIT	$336,700	45 ft
3128 CLINTON AVE MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	45 ft
3116 CLINTON AVE MINNEAPOLIS MN 55408	ASAD AWED	RESIDENTIAL	$356,000	90 ft
3132 CLINTON AVE MINNEAPOLIS MN 55408	ALFREDO GUTIERREZ	RESIDENTIAL	$341,000	90 ft
3112 CLINTON AVE MINNEAPOLIS MN 55408	ABUKAR FIDOW & ALIYA SAMATAR	RESIDENTIAL	$411,400	135 ft
3138 CLINTON AVE MINNEAPOLIS MN 55408	FARHIYA Y MOHAMED	RESIDENTIAL	$322,100	135 ft
3125 3RD AVE S MINNEAPOLIS MN 55408	WATCHTOWER BIBLE/TRCT SOC/NY	APARTMENT	$949,000	139 ft
3131 3RD AVE S MINNEAPOLIS MN 55408	WATCHTOWER BIBLE & TRACT SOC	VACANT LAND-APARTMENT	$80,900	146 ft
3121 3RD AVE S MINNEAPOLIS MN 55408	WATCHMEN 3121 LLC	LOW INCOME RENTAL	$691,000	147 ft
3117 3RD AVE S MINNEAPOLIS MN 55408	MARIA GARCIA	RESIDENTIAL	$213,800	166 ft

Property History

Most Recent Sale

Date201706

Price$90,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,136