3711 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0402924330116

Property Overview

Parcel ID0402924330116

Lot Size4,892 sq ft (0.112 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerJOANNE M FOSTER

Assessed Value$140,400

Land Value$21,000

Building Value$119,400

Annual Tax$1,682

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

1 permit on record since 2017 · $8K total declared value · Most recent: Aug 2017 (misc)

MiscAug 2017Closed

$8K

KAT CONSTRUCTION LLC

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 width30 ft

Buildable depth82 ft

Area~2,468 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 2,468 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3715 OLIVER AVE N MINNEAPOLIS MN 55412	PA YANG	RESIDENTIAL	$199,400	40 ft
3707 OLIVER AVE N MINNEAPOLIS MN 55412	MOISES SANCHEZ	RESIDENTIAL	$169,000	40 ft
3719 OLIVER AVE N MINNEAPOLIS MN 55412	M J MANTO & J COLDWELL	RESIDENTIAL	$205,000	80 ft
3701 OLIVER AVE N MINNEAPOLIS MN 55412	KENNETH J BREZNY	RESIDENTIAL	$225,300	80 ft
3723 OLIVER AVE N MINNEAPOLIS MN 55412	MARY K SEEFELD	RESIDENTIAL	$229,300	120 ft
3708 PENN AVE N MINNEAPOLIS MN 55412	KATLYN TENNYSON	RESIDENTIAL	$241,600	140 ft
3706 PENN AVE N MINNEAPOLIS MN 55412	3706 PENN AVE N LLC	RESIDENTIAL-TWO UNIT	$327,300	144 ft
3712 PENN AVE N MINNEAPOLIS MN 55412	M M HAMMERSCHMIDT REV TR	RESIDENTIAL	$179,000	146 ft
3700 PENN AVE N MINNEAPOLIS MN 55412	DENISE TO & JORDAN TO	TRIPLEX	$300,400	159 ft
3727 OLIVER AVE N MINNEAPOLIS MN 55412	CHAD A LAUF	RESIDENTIAL	$150,600	160 ft

Property History

Current Tax Year

Year2026

Tax Due$1,682