3638 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0402924330140

Property Overview

Parcel ID0402924330140

Lot Size5,765 sq ft (0.132 ac)

Lot Dimensions (est.)128 ft wide × 45 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerFARTUN ALI DUALE

Assessed Value$196,100

Land Value$22,000

Building Value$174,100

Annual Tax$2,606

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 2024 · Most recent: Feb 2024 (res)

ResFeb 2024Closed

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

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 width35 ft

Buildable depth88 ft

Area~3,079 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 3,079 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3634 OLIVER AVE N MINNEAPOLIS MN 55412	JOANNA COY & JACOB ZABASKE	RESIDENTIAL	$232,400	42 ft
3642 OLIVER AVE N MINNEAPOLIS MN 55412	ASAD A JAMA	RESIDENTIAL	$174,400	46 ft
3648 OLIVER AVE N MINNEAPOLIS MN 55412	STACY E MACBLANE-MEYER ET AL	RESIDENTIAL	$221,000	91 ft
3630 OLIVER AVE N MINNEAPOLIS MN 55412	JACOBS LIVING TRUST	RESIDENTIAL	$238,000	100 ft
3649 NEWTON AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	—	$329,000	141 ft
3653 NEWTON AVE N MINNEAPOLIS MN 55412	DAVID G YATES	RESIDENTIAL	$187,500	147 ft
3645 NEWTON AVE N MINNEAPOLIS MN 55412	SARAH FURNISS	RESIDENTIAL	$249,100	150 ft
3626 OLIVER AVE N MINNEAPOLIS MN 55412	RRE VENTURES LLC	LOW INCOME RENTAL	$182,000	157 ft
3657 NEWTON AVE N MINNEAPOLIS MN 55412	CESAR MAHONEY	RESIDENTIAL	$228,100	166 ft
3641 NEWTON AVE N MINNEAPOLIS MN 55412	COLT T ANDERSON	RESIDENTIAL	$115,800	166 ft

Property History

Most Recent Sale

Date200310

Price$130,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,606