3312 IRVING AVE N MINNEAPOLIS MN 55412

PID: 0902924240099

Property Overview

Parcel ID0902924240099

Lot Size5,345 sq ft (0.123 ac)

Lot Dimensions (est.)126 ft wide × 42 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerTRIO INVESTMENTS LLC

Assessed Value$168,000

Land Value$19,000

Building Value$149,000

Annual Tax$2,601

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 2025 · $900 total declared value · Most recent: Mar 2026 (misc)

MiscMar 2026Closed

$900

A&S Home Pros LLC

ResDec 2025Closed

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 width32 ft

Buildable depth87 ft

Area~2,788 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 2,788 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3318 IRVING AVE N MINNEAPOLIS MN 55412	CONDOR PARTNERS LLC	RESIDENTIAL	$216,200	42 ft
3310 IRVING AVE N MINNEAPOLIS MN 55412	QUALITY RESIDENCES LLC	RESIDENTIAL	$191,000	43 ft
3306 IRVING AVE N MINNEAPOLIS MN 55412	DRIFTMERE REVOCABLE TRUST	RESIDENTIAL	$291,600	85 ft
3322 IRVING AVE N MINNEAPOLIS MN 55412	AMAR PULCHAN	RESIDENTIAL	$136,000	85 ft
3300 IRVING AVE N MINNEAPOLIS MN 55412	TONYA GREGORY/DARRIN GREGORY	RESIDENTIAL	$287,400	127 ft
3326 IRVING AVE N MINNEAPOLIS MN 55412	MICHELLE SCHRANDT CARLSON	RESIDENTIAL	$179,400	127 ft
3315 HUMBOLDT AVE N MINNEAPOLIS MN 55412	I ERICKSON & S ERICKSON	RESIDENTIAL	$135,000	138 ft
3319 HUMBOLDT AVE N MINNEAPOLIS MN 55412	CLINTON L SIMMONS	RESIDENTIAL	$110,000	144 ft
3311 HUMBOLDT AVE N MINNEAPOLIS MN 55412	FARTUN I ILMI	RESIDENTIAL	$235,000	145 ft
3323 HUMBOLDT AVE N MINNEAPOLIS MN 55412	SHAMSO IMAN	RESIDENTIAL	$259,100	161 ft

Property History

Most Recent Sale

Date200812

Price$22,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,601