3833 2ND AVE S MINNEAPOLIS MN 55409

PID: 1002824120021

Property Overview

Parcel ID1002824120021

Lot Size5,212 sq ft (0.120 ac)

Lot Dimensions (est.)130 ft wide × 40 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerOLUDAYO RABIU

Assessed Value$294,000

Land Value$76,000

Building Value$218,000

Annual Tax$4,269

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 — 38th StreetHigh

Within the 38th Street 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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,596/mo

Renter-occupied18.9%

Median home value$283K

Vacancy rate12.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1100

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 depth90 ft

Area~2,709 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 2,709 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3837 2ND AVE S MINNEAPOLIS MN 55409	NORLING LLC	RESIDENTIAL	$299,000	40 ft
3829 2ND AVE S MINNEAPOLIS MN 55409	BENJAMIN HAMMER	RESIDENTIAL	$255,400	40 ft
3841 2ND AVE S MINNEAPOLIS MN 55409	REKA LAEGER HAGEMEISTER	RESIDENTIAL	$298,000	80 ft
3825 2ND AVE S MINNEAPOLIS MN 55409	M A MURSAL & N MAKADIN	RESIDENTIAL	$262,000	80 ft
3845 2ND AVE S MINNEAPOLIS MN 55409	ERIC CORTES CLAVERIA	RESIDENTIAL	$300,600	120 ft
3821 2ND AVE S MINNEAPOLIS MN 55409	CARMEN ALVARADO	RESIDENTIAL	$163,100	120 ft
3832 3RD AVE S MINNEAPOLIS MN 55409	WENDY KATHLEEN NORWOOD	RESIDENTIAL	$297,100	142 ft
3836 3RD AVE S MINNEAPOLIS MN 55409	L E SCHRANK & S F SCHRANK	RESIDENTIAL	$228,700	147 ft
3828 3RD AVE S MINNEAPOLIS MN 55409	BLON-Z ENTERPRISES LLC	RESIDENTIAL	$176,600	148 ft
3819 2ND AVE S MINNEAPOLIS MN 55409	SALVADOR CHYEREZ	RESIDENTIAL	$237,700	160 ft

Property History

Most Recent Sale

Date202009

Price$268,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,269