3551 HUMBOLDT AVE N MINNEAPOLIS MN 55412

PID: 0902924210063

Property Overview

Parcel ID0902924210063

Lot Size4,989 sq ft (0.115 ac)

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

Year Built1951

Property ClassRESIDENTIAL

OwnerJAMES TAYLOR

Assessed Value$164,000

Land Value$18,000

Building Value$146,000

Annual Tax$2,516

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

4 permits on record since 2023 · $9K total declared value · Most recent: Jul 2025 (existres)

ExistresJul 2025Closed

MESPO HEATING AND COOLING INC

RemodelJul 2025Closed

$9K

NEW FINISH REMODELING AND CONST

ResJul 2025Closed

DEN-MARK PLUMBING INC

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 width29 ft

Buildable depth88 ft

Area~2,546 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 2,546 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
3555 HUMBOLDT AVE N MINNEAPOLIS MN 55412	DERRICK KING II	RESIDENTIAL	$225,200	39 ft
3547 HUMBOLDT AVE N MINNEAPOLIS MN 55412	BRIAN CHRISTOPHER JOSEPH	RESIDENTIAL	$304,000	39 ft
3559 HUMBOLDT AVE N MINNEAPOLIS MN 55412	LEROY TAYLOR	RESIDENTIAL	$212,700	79 ft
3543 HUMBOLDT AVE N MINNEAPOLIS MN 55412	JAY NELSON	RESIDENTIAL	$243,100	79 ft
3539 HUMBOLDT AVE N MINNEAPOLIS MN 55412	J A Z RUMIPULLA & A P ZHAGUI	RESIDENTIAL	$204,000	118 ft
3550 IRVING AVE N MINNEAPOLIS MN 55412	JUAN C ESPINOZA INAMAGUA	RESIDENTIAL-TWO UNIT	$248,700	138 ft
3546 IRVING AVE N MINNEAPOLIS MN 55412	CCF3, LLC	RESIDENTIAL	$206,000	143 ft
3554 IRVING AVE N MINNEAPOLIS MN 55412	MN HOUSING I LLC	RESIDENTIAL	$212,000	144 ft
3535 HUMBOLDT AVE N MINNEAPOLIS MN 55412	CCF3 LLC	RESIDENTIAL	$141,200	158 ft
3542 IRVING AVE N MINNEAPOLIS MN 55412	TAMARA MCARTHUR	RESIDENTIAL-TWO UNIT	$273,400	158 ft

Property History

Most Recent Sale

Date201203

Price$31,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,516