3832 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824110080

Property Overview

Parcel ID1102824110080

Lot Size5,660 sq ft (0.130 ac)

Lot Dimensions (est.)122 ft wide × 46 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerANN & TED ALLISON TRUST

Assessed Value$369,800

Land Value$107,000

Building Value$262,800

Annual Tax$5,517

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $25K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Expired

MR ROOTER PLUMBING OF THE TWIN CITIES

RemodelSep 2023Closed

$5K

DBS RESIDENTIAL SOLUTIONS INC

ResFeb 2023Closed

Norblom Plumbing Co

MiscApr 2022Closed

$8K

Twin City Roofing Construction Specialist Inc

MiscSep 2021Closed

$9K

Voyager Siding

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth83 ft

Area~2,986 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 small multifamily (2–4 units, wood frame) benchmarks for 2,986 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3836 16TH AVE S MINNEAPOLIS MN 55407	L H MARTIN & V A ROSTER	RESIDENTIAL	$200,100	43 ft
3828 16TH AVE S MINNEAPOLIS MN 55407	ANNA CUNNINGHAM	RESIDENTIAL	$299,100	46 ft
3840 16TH AVE S MINNEAPOLIS MN 55407	L H MARTIN & V A ROSTER	RESIDENTIAL	$365,600	89 ft
3824 16TH AVE S MINNEAPOLIS MN 55407	EMER K GRIFFIN	RESIDENTIAL	$261,600	92 ft
3833 BLOOMINGTON AVE MINNEAPOLIS MN 55407	J C EHRENHALT & K EHRENHALT	RESIDENTIAL	$220,000	134 ft
3820 16TH AVE S MINNEAPOLIS MN 55407	AUSTIN BLANCH & JULIA LAWLER	RESIDENTIAL	$330,000	139 ft
3844 16TH AVE S MINNEAPOLIS MN 55407	C D SIMMONS & M L BROWN	RESIDENTIAL	$335,100	139 ft
3837 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BRUCE JINDRA	RESIDENTIAL	$312,100	142 ft
3829 BLOOMINGTON AVE MINNEAPOLIS MN 55407	N L KRUMHEUER REV LIV TRUST	RESIDENTIAL-TWO UNIT	$285,000	142 ft
3841 BLOOMINGTON AVE MINNEAPOLIS MN 55407	L AKERS & D KINGSBURY	RESIDENTIAL	$330,600	163 ft

Property History

Most Recent Sale

Date198501

Price$71,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,517