3550 IRVING AVE N MINNEAPOLIS MN 55412

PID: 0902924210087

Property Overview

Parcel ID0902924210087

Lot Size4,990 sq ft (0.115 ac)

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

Year Built1922

Property ClassRESIDENTIAL-TWO UNIT

OwnerJUAN C ESPINOZA INAMAGUA

Assessed Value$248,700

Land Value$18,000

Building Value$230,700

Annual Tax$4,981

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

No permits found in Minneapolis open data for this parcel.

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
3546 IRVING AVE N MINNEAPOLIS MN 55412	CCF3, LLC	RESIDENTIAL	$206,000	39 ft
3554 IRVING AVE N MINNEAPOLIS MN 55412	MN HOUSING I LLC	RESIDENTIAL	$212,000	39 ft
3542 IRVING AVE N MINNEAPOLIS MN 55412	TAMARA MCARTHUR	RESIDENTIAL-TWO UNIT	$273,400	79 ft
3558 IRVING AVE N MINNEAPOLIS MN 55412	FRED MACENO	RESIDENTIAL	$308,200	79 ft
3538 IRVING AVE N MINNEAPOLIS MN 55412	MY LAO & CHAI XIONG	RESIDENTIAL	$210,000	118 ft
3551 HUMBOLDT AVE N MINNEAPOLIS MN 55412	JAMES TAYLOR	RESIDENTIAL	$164,000	138 ft
3555 HUMBOLDT AVE N MINNEAPOLIS MN 55412	DERRICK KING II	RESIDENTIAL	$225,200	143 ft
3547 HUMBOLDT AVE N MINNEAPOLIS MN 55412	BRIAN CHRISTOPHER JOSEPH	RESIDENTIAL	$304,000	144 ft
3559 HUMBOLDT AVE N MINNEAPOLIS MN 55412	LEROY TAYLOR	RESIDENTIAL	$212,700	158 ft
3534 IRVING AVE N MINNEAPOLIS MN 55412	SUSAN D JONES	RESIDENTIAL	$241,000	158 ft

Property History

Most Recent Sale

Date201805

Price$195,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,981