3500 KNOX AVE N MINNEAPOLIS MN 55412

PID: 0902924210147

Property Overview

Parcel ID0902924210147

Lot Size5,124 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerRONALD L PETTY

Assessed Value$189,900

Land Value$18,000

Building Value$171,900

Annual Tax$2,526

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

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 width115 ft

Buildable depth0 ft

Area~2,379 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,379 sqft buildable area.

Est. units

Yield on cost

1.7%

Spread

-3.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3506 KNOX AVE N MINNEAPOLIS MN 55412	RANDALL R ROUGH	RESIDENTIAL	$160,000	40 ft
3510 KNOX AVE N MINNEAPOLIS MN 55412	CHANDA KEO & AIMEE MAIDI	RESIDENTIAL	$364,000	80 ft
3458 KNOX AVE N MINNEAPOLIS MN 55412	JENNIFER FAIRBOURNE	RESIDENTIAL	$184,700	99 ft
3514 KNOX AVE N MINNEAPOLIS MN 55412	LEIAH LORRAINE YOUNG	RESIDENTIAL	$364,000	120 ft
3454 KNOX AVE N MINNEAPOLIS MN 55412	KILHLAH LEUZZO	RESIDENTIAL	$383,000	137 ft
3501 JAMES AVE N MINNEAPOLIS MN 55412	BONNIE OHM	RESIDENTIAL	$248,400	140 ft
3507 JAMES AVE N MINNEAPOLIS MN 55412	L S SCHLUTTENHOFER/D D BERG	RESIDENTIAL	$221,600	145 ft
3511 JAMES AVE N MINNEAPOLIS MN 55412	THOMAS L VICK	RESIDENTIAL	$139,700	160 ft
3518 KNOX AVE N MINNEAPOLIS MN 55412	VARUN MEHTA	RESIDENTIAL	$213,800	160 ft
3459 JAMES AVE N MINNEAPOLIS MN 55412	A EVANS & M DONALD	RESIDENTIAL	$216,000	172 ft

Property History

Most Recent Sale

Date199403

Price$49,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,526