3250 HUMBOLDT AVE N MINNEAPOLIS MN 55412

PID: 0902924130128

Property Overview

Parcel ID0902924130128

Lot Size6,120 sq ft (0.140 ac)

Lot Dimensions (est.)124 ft wide × 49 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerRICHARD WHITE INVESTMNTS LLC

Assessed Value$216,800

Land Value$20,000

Building Value$196,800

Annual Tax$3,356

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 ↗

Cultural District — Lowry Avenue NorthHigh

Within the Lowry Avenue North Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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

6 permits on record since 2018 · $29K total declared value · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResJun 2021Closed

Jake the Plumber LLC

RemodelMay 2021Closed

$20K

A Gardner Builder LLC

MiscDec 2019Closed

$8K

THIS N THAT REMODELING INC

ResSep 2019Closed

BRESKI PLUMBING INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width111 ft

Buildable depth9 ft

Area~3,054 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 3,054 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3246 HUMBOLDT AVE N MINNEAPOLIS MN 55412	PENNYMAC LOAN SERVICES LLC	RESIDENTIAL	$270,000	48 ft
3242 HUMBOLDT AVE N MINNEAPOLIS MN 55412	JOHN P MIZYK	RESIDENTIAL	$133,300	93 ft
3300 HUMBOLDT AVE N MINNEAPOLIS MN 55412	GER YANG	RESIDENTIAL	$196,000	110 ft
3253 GIRARD AVE N MINNEAPOLIS MN 55412	MARK J HUBER	RESIDENTIAL	$273,900	137 ft
3238 HUMBOLDT AVE N MINNEAPOLIS MN 55412	ADAM EVERS	RESIDENTIAL	$259,200	138 ft
3247 GIRARD AVE N MINNEAPOLIS MN 55412	MIGUEL LOPEZ	RESIDENTIAL	$131,500	147 ft
3306 HUMBOLDT AVE N MINNEAPOLIS MN 55412	COLIN MOORE	RESIDENTIAL	$161,000	157 ft
3243 GIRARD AVE N MINNEAPOLIS MN 55412	RACHEL N TENGWALL	RESIDENTIAL	$140,000	167 ft
3301 GIRARD AVE N MINNEAPOLIS MN 55412	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	175 ft
3234 HUMBOLDT AVE N MINNEAPOLIS MN 55412	APRIL CIMMONE MATSON	RESIDENTIAL	$229,700	183 ft

Property History

Most Recent Sale

Date201802

Price$110,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,356