3635 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0402924330001

Property Overview

Parcel ID0402924330001

Lot Size4,870 sq ft (0.112 ac)

Lot Dimensions (est.)127 ft wide × 38 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerCAIRNLOCK REVOCABLE TRUST

Assessed Value$107,000

Land Value$20,000

Building Value$87,000

Annual Tax$3,690

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Permit History

2 permits on record since 2023 · $10K total declared value · Most recent: Jul 2025 (misc)

MiscJul 2025Final Inspection

$10K

Four Brothers Construction LLC

ResMar 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Folwell · Minneapolis

Median reported rent1,590/mo

Renter-occupied27.3%

Median home value$193K

Vacancy rate7.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1008

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 width28 ft

Buildable depth88 ft

Area~2,465 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 2,465 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3633 OLIVER AVE N MINNEAPOLIS MN 55412	SANDRA GUZMAN	RESIDENTIAL	$361,000	38 ft
3639 OLIVER AVE N MINNEAPOLIS MN 55412	PENROD LANE LLC	RESIDENTIAL-TWO UNIT	$242,400	42 ft
3629 OLIVER AVE N MINNEAPOLIS MN 55412	MAURICE MBOULA	RESIDENTIAL	$194,700	77 ft
3643 OLIVER AVE N MINNEAPOLIS MN 55412	TRIO INVESTMENTS LLC	RESIDENTIAL	$163,500	87 ft
3625 OLIVER AVE N MINNEAPOLIS MN 55412	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	115 ft
3649 OLIVER AVE N MINNEAPOLIS MN 55412	KAYE-LANI STORY	RESIDENTIAL	$265,000	132 ft
3621 OLIVER AVE N MINNEAPOLIS MN 55412	SHENG VANG	RESIDENTIAL	$311,100	160 ft
3634 OLIVER AVE N MINNEAPOLIS MN 55412	JOANNA COY & JACOB ZABASKE	RESIDENTIAL	$232,400	188 ft
3638 OLIVER AVE N MINNEAPOLIS MN 55412	FARTUN ALI DUALE	RESIDENTIAL	$196,100	191 ft
2141 37TH AVE N MINNEAPOLIS MN 55412	CANDIS ALLEN	CONDOMINIUM	$85,100	196 ft

Property History

Most Recent Sale

Date202309

Price$132,653

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,690