3957 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824110017

Property Overview

Parcel ID1102824110017

Lot Size5,074 sq ft (0.116 ac)

Lot Dimensions (est.)121 ft wide × 42 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerC R P SPIES/E MORTENSEN

Assessed Value$361,900

Land Value$102,000

Building Value$259,900

Annual Tax$5,385

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $12K total declared value · Most recent: Dec 2023 (existres)

ExistresDec 2023Closed

DNA HEATING AND COOLING

ResApr 2017Closed

Vito Mechanical Inc

NewApr 2017Closed

$12K

Kristopher K Biegler

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Bancroft · Minneapolis

Median reported rent1,159/mo

Renter-occupied26.1%

Median home value$309K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1101

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width108 ft

Buildable depth2 ft

Area~2,344 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 2,344 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3953 16TH AVE S MINNEAPOLIS MN 55407	C L PUND & A M POTTS	RESIDENTIAL	$258,100	41 ft
3949 16TH AVE S MINNEAPOLIS MN 55407	M F WELCH & K M BERGQUIST	RESIDENTIAL	$287,700	81 ft
4001 16TH AVE S MINNEAPOLIS MN 55407	MICHAEL W GREER & WIFE	RESIDENTIAL	$222,700	117 ft
1609 40TH ST E MINNEAPOLIS MN 55407	HENNEPIN FORFEITED LAND	RESIDENTIAL	$0	119 ft
3945 16TH AVE S MINNEAPOLIS MN 55407	CRAIG S BALDING TRUSTEE	RESIDENTIAL	$227,800	121 ft
3956 17TH AVE S MINNEAPOLIS MN 55407	LLOYD F LA FAVE ET AL	RESIDENTIAL	$187,000	135 ft
3952 17TH AVE S MINNEAPOLIS MN 55407	J M KAUFMAN & H R WENGERD	RESIDENTIAL	$256,300	141 ft
1615 40TH ST E MINNEAPOLIS MN 55407	PIETER L MARTIN	RESIDENTIAL	$257,800	149 ft
3948 17TH AVE S MINNEAPOLIS MN 55407	RICHARD E GUTHIER	RESIDENTIAL	$290,400	158 ft
3941 16TH AVE S MINNEAPOLIS MN 55407	C K O'CONNER & K T O'CONNOR	RESIDENTIAL	$326,000	161 ft

Property History

Most Recent Sale

Date202206

Price$455,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,385