3035 CALIFORNIA ST N E MINNEAPOLIS MN 55418

PID: 0302924440008

Property Overview

Parcel ID0302924440008

Lot Size5,109 sq ft (0.117 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerMARIE T TRAVER LIVING TRUST

Assessed Value$254,100

Land Value$87,000

Building Value$167,100

Annual Tax$3,601

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

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 ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

1 permit on record since 2021 · Most recent: Jun 2021 (res)

ResJun 2021Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Marshall Terrace · Minneapolis

Median reported rent996/mo

Renter-occupied44.9%

Median home value$268K

Vacancy rate6.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1005

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,629 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 sfr / adu benchmarks for 2,629 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3031 CALIFORNIA ST N E MINNEAPOLIS MN 55418	A HUTCHENS & E E HUTCHENS	RESIDENTIAL	$338,800	60 ft
3039 CALIFORNIA ST N E MINNEAPOLIS MN 55418	CALIFORNIA FLATS LLC	APARTMENT	$875,000	60 ft
3023 CALIFORNIA ST N E MINNEAPOLIS MN 55418	H C JOHNSON & C E JOHNSON JR	RESIDENTIAL	$505,000	120 ft
3047 CALIFORNIA ST N E MINNEAPOLIS MN 55418	LEONARDO D JIMENEZ BERMEO SR	RESIDENTIAL-TWO UNIT	$296,400	120 ft
3019 CALIFORNIA ST N E MINNEAPOLIS MN 55418	MARIA ZAVALA GARCIA	RESIDENTIAL	$298,800	160 ft
3000 MAIN ST N E MINNEAPOLIS MN 55418	BURLINGTON-NORTHERN INC	RAILROAD	$0	174 ft
3055 CALIFORNIA ST N E MINNEAPOLIS MN 55418	S R TIMMERS & J R TIMMERS	RESIDENTIAL	$340,400	183 ft
3038 CALIFORNIA ST N E MINNEAPOLIS MN 55418	JOSEPH H CONTENTO JR	RESIDENTIAL-TWO UNIT	$313,900	190 ft
3030 CALIFORNIA ST N E MINNEAPOLIS MN 55418	S R TIMMERS & J R TIMMERS	RESIDENTIAL	$220,400	197 ft
3015 CALIFORNIA ST N E MINNEAPOLIS MN 55418	SUSAN M WHITAKER TRUST ET AL	RESIDENTIAL	$284,200	200 ft

Property History

Current Tax Year

Year2026

Tax Due$3,601