3234 LOGAN AVE N MINNEAPOLIS MN 55412

PID: 0902924240065

Property Overview

Parcel ID0902924240065

Lot Size5,040 sq ft (0.116 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerNORMAN LEE

Assessed Value$167,800

Land Value$18,000

Building Value$149,800

Annual Tax$2,586

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 ↗

Cultural District — Lowry Avenue NorthHigh

Within the Lowry Avenue North Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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

1 permit on record since 2023 · Most recent: Mar 2023 (res)

ResMar 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 width30 ft

Buildable depth86 ft

Area~2,579 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 2,579 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
3230 LOGAN AVE N MINNEAPOLIS MN 55412	CHELSEA KREMERS	RESIDENTIAL	$192,800	40 ft
3238 LOGAN AVE N MINNEAPOLIS MN 55412	CONNIE A FREED	RESIDENTIAL	$226,700	40 ft
3226 LOGAN AVE N MINNEAPOLIS MN 55412	BROCK ANTHONY COLLINS	RESIDENTIAL	$190,100	80 ft
3242 LOGAN AVE N MINNEAPOLIS MN 55412	OLENA ALEKSENKO	RESIDENTIAL	$222,900	80 ft
3222 LOGAN AVE N MINNEAPOLIS MN 55412	LUCIO A RUBIO GENIZ	RESIDENTIAL	$205,300	120 ft
3246 LOGAN AVE N MINNEAPOLIS MN 55412	ELSA CRUZ-ESTEVA	RESIDENTIAL	$260,900	120 ft
3235 KNOX AVE N MINNEAPOLIS MN 55412	PLAZA HOLDINGS LLC	RESIDENTIAL	$154,500	139 ft
3239 KNOX AVE N MINNEAPOLIS MN 55412	RAYMOND M OLSON	RESIDENTIAL	$148,000	144 ft
3231 KNOX AVE N MINNEAPOLIS MN 55412	BIG GUY INVESTMENTS LLC	RESIDENTIAL	$169,100	145 ft
3243 KNOX AVE N MINNEAPOLIS MN 55412	DERRICK JOHN ALY	RESIDENTIAL	$158,400	160 ft

Property History

Most Recent Sale

Date202405

Price$157,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,586