3316 CLINTON AVE MINNEAPOLIS MN 55408

PID: 0302824140150

Property Overview

Parcel ID0302824140150

Lot Size5,831 sq ft (0.134 ac)

Lot Dimensions (est.)129 ft wide × 45 ft deep

Year Built1921

Property ClassRESIDENTIAL-TWO UNIT

OwnerTHOMAS T CAO

Assessed Value$314,300

Land Value$54,000

Building Value$260,300

Annual Tax$5,969

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 depth90 ft

Area~3,132 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 3,132 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
3312 CLINTON AVE MINNEAPOLIS MN 55408	C CASTELLANO & L DELACRUZ	RESIDENTIAL-TWO UNIT	$416,100	45 ft
3322 CLINTON AVE MINNEAPOLIS MN 55408	JASON REINEN/JENNIFER REINEN	RESIDENTIAL-TWO UNIT	$294,200	45 ft
3310 CLINTON AVE MINNEAPOLIS MN 55408	VICTOR HUGO & SANDRA MENDOZA	RESIDENTIAL	$203,700	90 ft
3324 CLINTON AVE MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	90 ft
3304 CLINTON AVE MINNEAPOLIS MN 55408	FERNANDO QUINTAS	RESIDENTIAL	$413,800	136 ft
3328 CLINTON AVE MINNEAPOLIS MN 55408	M A CORAIZACA & M L NAULA	RESIDENTIAL	$256,700	136 ft
3317 3RD AVE S MINNEAPOLIS MN 55408	GABRIELLA DEYANIRA PEPPARD	RESIDENTIAL	$340,200	141 ft
3321 3RD AVE S MINNEAPOLIS MN 55408	KAO XIONG ETAL	RESIDENTIAL	$328,000	148 ft
3313 3RD AVE S MINNEAPOLIS MN 55408	M R SMITH & L B TOMLINSON	RESIDENTIAL	$328,500	148 ft
3309 3RD AVE S MINNEAPOLIS MN 55408	DEBORAH JOHNSON/LISA SALONEK	RESIDENTIAL	$265,800	167 ft

Property History

Most Recent Sale

Date201103

Price$40,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,969