3607 KNOX AVE N MINNEAPOLIS MN 55412

PID: 0402924340048

Property Overview

Parcel ID0402924340048

Lot Size5,027 sq ft (0.115 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerN B V TIPTON & K GORDON

Assessed Value$274,300

Land Value$21,000

Building Value$253,300

Annual Tax$3,903

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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 depth86 ft

Area~2,569 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 2,569 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3611 KNOX AVE N MINNEAPOLIS MN 55412	JUNE CRAIG LEWIS	RESIDENTIAL	$290,600	40 ft
3601 KNOX AVE N MINNEAPOLIS MN 55412	R L BENFORD & W J ROBINSON	RESIDENTIAL	$265,300	40 ft
3615 KNOX AVE N MINNEAPOLIS MN 55412	A J SALESS & K E SALESS TRST	RESIDENTIAL	$388,000	95 ft
3559 KNOX AVE N MINNEAPOLIS MN 55412	JANET A BEASLEY	RESIDENTIAL	$263,900	139 ft
3604 LOGAN AVE N MINNEAPOLIS MN 55412	SLATE LLC	RESIDENTIAL	$190,300	139 ft
3600 LOGAN AVE N MINNEAPOLIS MN 55412	DENISE ALLEN	RESIDENTIAL	$267,700	144 ft
3610 LOGAN AVE N MINNEAPOLIS MN 55412	SLATE LLC	RESIDENTIAL	$181,000	146 ft
3623 KNOX AVE N MINNEAPOLIS MN 55412	JOHN L SCHMIDT & WIFE	RESIDENTIAL	$240,700	155 ft
3614 LOGAN AVE N MINNEAPOLIS MN 55412	NICOLE L CRAWFORD	RESIDENTIAL	$178,500	162 ft
3555 KNOX AVE N MINNEAPOLIS MN 55412	JODY K HUFF	RESIDENTIAL	$209,000	178 ft

Property History

Most Recent Sale

Date202008

Price$251,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,903