3418 KNOX AVE N MINNEAPOLIS MN 55412

PID: 0902924210209

Property Overview

Parcel ID0902924210209

Lot Size5,071 sq ft (0.116 ac)

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

Year Built1954

Property ClassRESIDENTIAL

OwnerR J WATTS & J C WATTS

Assessed Value$149,700

Land Value$18,000

Building Value$131,700

Annual Tax$1,853

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

2 permits on record since 2021 · Most recent: Mar 2023 (res)

ResMar 2023Closed

CenterPoint Energy Resource Corp

ResAug 2021Closed

Urban Pine Plumbing and Mechanical Inc

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 width30 ft

Buildable depth87 ft

Area~2,606 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 2,606 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
3414 KNOX AVE N MINNEAPOLIS MN 55412	D L PEDERSON & D L SANDERS	RESIDENTIAL	$274,600	39 ft
3422 KNOX AVE N MINNEAPOLIS MN 55412	EMILY DENNY	RESIDENTIAL	$138,000	40 ft
3410 KNOX AVE N MINNEAPOLIS MN 55412	JULIE A FRANKOVICH ET AL	RESIDENTIAL	$189,200	79 ft
3426 KNOX AVE N MINNEAPOLIS MN 55412	J COLLINS & M COLLINS	RESIDENTIAL	$176,000	79 ft
3406 KNOX AVE N MINNEAPOLIS MN 55412	L C FLORES & B G VERDUZCO	RESIDENTIAL	$254,500	119 ft
3430 KNOX AVE N MINNEAPOLIS MN 55412	XUE YANG	RESIDENTIAL	$176,000	119 ft
3419 JAMES AVE N MINNEAPOLIS MN 55412	CITY LAKES COMM LAND TRUST	—	$218,900	140 ft
3423 JAMES AVE N MINNEAPOLIS MN 55412	OBED JEAN-BAPTISTE	LOW INCOME RENTAL	$243,200	145 ft
3415 JAMES AVE N MINNEAPOLIS MN 55412	SHARHONDA S YORK	RESIDENTIAL	$268,600	145 ft
3400 KNOX AVE N MINNEAPOLIS MN 55412	DAMEON HENDERSON	RESIDENTIAL	$181,000	158 ft

Property History

Most Recent Sale

Date198506

Price$57,750

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$1,853