3623 KNOX AVE N MINNEAPOLIS MN 55412

PID: 0402924340045

Property Overview

Parcel ID0402924340045

Lot Size6,285 sq ft (0.144 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerJOHN L SCHMIDT & WIFE

Assessed Value$240,700

Land Value$23,000

Building Value$217,700

Annual Tax$3,346

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 2023 · Most recent: Jan 2023 (res)

ResJan 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

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 width40 ft

Buildable depth86 ft

Area~3,427 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 3,427 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3627 KNOX AVE N MINNEAPOLIS MN 55412	J DALBACKA-HOOGENBOOM ET AL	RESIDENTIAL	$306,000	45 ft
3615 KNOX AVE N MINNEAPOLIS MN 55412	A J SALESS & K E SALESS TRST	RESIDENTIAL	$388,000	60 ft
3631 KNOX AVE N MINNEAPOLIS MN 55412	GRAHAM HOGLUND/JARED HOGLUND	RESIDENTIAL	$360,000	85 ft
3611 KNOX AVE N MINNEAPOLIS MN 55412	JUNE CRAIG LEWIS	RESIDENTIAL	$290,600	115 ft
3635 KNOX AVE N MINNEAPOLIS MN 55412	D SCOTT/K FREEMAN ET AL	RESIDENTIAL	$274,600	125 ft
3622 LOGAN AVE N MINNEAPOLIS MN 55412	JULIA WESTERN JACOBSON	RESIDENTIAL	$236,800	140 ft
3618 LOGAN AVE N MINNEAPOLIS MN 55412	T M RESHETAR & M D HURLEY	RESIDENTIAL	$188,700	143 ft
3626 LOGAN AVE N MINNEAPOLIS MN 55412	RICHARD W OLSON	RESIDENTIAL	$129,100	147 ft
3607 KNOX AVE N MINNEAPOLIS MN 55412	N B V TIPTON & K GORDON	RESIDENTIAL	$274,300	155 ft
3614 LOGAN AVE N MINNEAPOLIS MN 55412	NICOLE L CRAWFORD	RESIDENTIAL	$178,500	157 ft

Property History

Current Tax Year

Year2026

Tax Due$3,346