3718 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0402924330093

Property Overview

Parcel ID0402924330093

Lot Size5,092 sq ft (0.117 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerRYAN BALLOU

Assessed Value$129,000

Land Value$21,000

Building Value$108,000

Annual Tax$1,494

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

No permits found in Minneapolis open data for this parcel.

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

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 depth87 ft

Area~2,618 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 2,618 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3714 OLIVER AVE N MINNEAPOLIS MN 55412	MAYRA V HILER BUENANO	RESIDENTIAL	$204,900	40 ft
3722 OLIVER AVE N MINNEAPOLIS MN 55412	ANDREA AQUINO-ROJAS	RESIDENTIAL	$182,800	40 ft
3710 OLIVER AVE N MINNEAPOLIS MN 55412	TERRA A MAYFIELD	RESIDENTIAL	$259,100	80 ft
3726 OLIVER AVE N MINNEAPOLIS MN 55412	CLIFFORD A DAVIS ET AL	RESIDENTIAL	$105,000	80 ft
3706 OLIVER AVE N MINNEAPOLIS MN 55412	HUI CHEN	RESIDENTIAL	$161,600	120 ft
3730 OLIVER AVE N MINNEAPOLIS MN 55412	JODI K F JONES	RESIDENTIAL	$199,000	120 ft
3723 NEWTON AVE N MINNEAPOLIS MN 55412	SHAMSADIN FADUL SULIMAN	RESIDENTIAL	$148,600	143 ft
3715 NEWTON AVE N MINNEAPOLIS MN 55412	DANIEL A HARDEN	RESIDENTIAL	$207,700	145 ft
3727 NEWTON AVE N MINNEAPOLIS MN 55412	GAVIN PUGH & CRISHA PUGH	RESIDENTIAL	$175,700	160 ft
3700 OLIVER AVE N MINNEAPOLIS MN 55412	JEFFREY C COLLINS	RESIDENTIAL	$128,400	160 ft

Property History

Most Recent Sale

Date201407

Price$45,001

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,494