3406 OLIVER AVE N MINNEAPOLIS MN 55412

PID: 0902924220077

Property Overview

Parcel ID0902924220077

Lot Size5,288 sq ft (0.121 ac)

Lot Dimensions (est.)128 ft wide × 41 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerSIARA MELIUS

Assessed Value$216,300

Land Value$19,000

Building Value$197,300

Annual Tax$2,941

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 2024 · Most recent: Oct 2024 (existres)

ExistresOct 2024Inspection

Residential Heating and Air Conditioning Inc

ResAug 2024Closed

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 depth96 ft

Area~2,755 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 2,755 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3410 OLIVER AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TR	—	$91,000	39 ft
3400 OLIVER AVE N MINNEAPOLIS MN 55412	OLGA B GONZALEZ	RESIDENTIAL	$184,000	40 ft
3414 OLIVER AVE N MINNEAPOLIS MN 55412	JAMES P MENGER	RESIDENTIAL	$184,100	78 ft
3418 OLIVER AVE N MINNEAPOLIS MN 55412	BRANDON BARRETT BERG	RESIDENTIAL	$184,000	117 ft
3407 NEWTON AVE N MINNEAPOLIS MN 55412	SONJA KING	RESIDENTIAL	$182,300	140 ft
3411 NEWTON AVE N MINNEAPOLIS MN 55412	TREVOR L MUNICH	RESIDENTIAL	$206,400	144 ft
3401 NEWTON AVE N MINNEAPOLIS MN 55412	SCD PROPERTIES LLC	RESIDENTIAL	$180,000	146 ft
3422 OLIVER AVE N MINNEAPOLIS MN 55412	MARILYN T WEBER	RESIDENTIAL	$199,600	157 ft
3415 NEWTON AVE N MINNEAPOLIS MN 55412	NASTAAJA JOHNSON	RESIDENTIAL	$198,900	159 ft
3356 OLIVER AVE N MINNEAPOLIS MN 55412	TRACIE A WILLIAMS	RESIDENTIAL	$272,300	160 ft

Property History

Most Recent Sale

Date202405

Price$180,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,941