3634 HUMBOLDT AVE N MINNEAPOLIS MN 55412

PID: 0402924430133

Property Overview

Parcel ID0402924430133

Lot Size6,212 sq ft (0.143 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerM A RULSEH & A L RULSEH

Assessed Value$265,600

Land Value$23,000

Building Value$242,600

Annual Tax$3,794

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

3 permits on record since 2021 · $55K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

CenterPoint Energy Resource Corp

MiscSep 2024Closed

$21K

AM BURNEY EXTERIORS INC

MiscSep 2021Closed

$35K

RENEWAL BY ANDERSEN 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 depth84 ft

Area~3,368 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 3,368 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3630 HUMBOLDT AVE N MINNEAPOLIS MN 55412	YVONNE ELEONORE BOURGEOIS	RESIDENTIAL	$219,800	45 ft
3642 HUMBOLDT AVE N MINNEAPOLIS MN 55412	M F KNAEBLE & R F KNAEBLE	RESIDENTIAL	$258,600	60 ft
3626 HUMBOLDT AVE N MINNEAPOLIS MN 55412	JESUS ROMERO LOPEZ	RESIDENTIAL	$188,700	85 ft
3646 HUMBOLDT AVE N MINNEAPOLIS MN 55412	SABRINA WAGNER	RESIDENTIAL	$255,400	115 ft
3622 HUMBOLDT AVE N MINNEAPOLIS MN 55412	JAMES PRYOR & JAMES COURTEAU	RESIDENTIAL	$172,000	125 ft
3635 GIRARD AVE N MINNEAPOLIS MN 55412	G C BAHENA & E S VELAZQUEZ	RESIDENTIAL	$370,000	138 ft
3639 GIRARD AVE N MINNEAPOLIS MN 55412	OIG HOLDINGS LLC	RESIDENTIAL	$142,500	142 ft
3631 GIRARD AVE N MINNEAPOLIS MN 55412	CCF3, LLC	RESIDENTIAL	$158,000	150 ft
3650 HUMBOLDT AVE N MINNEAPOLIS MN 55412	TROY W HARPER	RESIDENTIAL	$311,900	155 ft
3643 GIRARD AVE N MINNEAPOLIS MN 55412	ANU FRANCIS	RESIDENTIAL	$185,700	156 ft

Property History

Most Recent Sale

Date201402

Price$136,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,794