3849 BLOOMINGTON AVE MINNEAPOLIS MN 55407

PID: 1102824110085

Property Overview

Parcel ID1102824110085

Lot Size6,031 sq ft (0.138 ac)

Lot Dimensions (est.)122 ft wide × 49 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerNATHANIEL HITE

Assessed Value$293,000

Land Value$105,000

Building Value$188,000

Annual Tax$4,519

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2017 · $25K total declared value · Most recent: Jun 2017 (accessory)

AccessoryJun 2017Closed

$25K

THE FAIR TRADESMEN LLC

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width107 ft

Buildable depth9 ft

Area~2,824 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 2,824 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3845 BLOOMINGTON AVE MINNEAPOLIS MN 55407	SUNSETT D REYNOLDS	RESIDENTIAL	$299,000	48 ft
3841 BLOOMINGTON AVE MINNEAPOLIS MN 55407	L AKERS & D KINGSBURY	RESIDENTIAL	$330,600	94 ft
3901 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MARTHA MCCABE	RESIDENTIAL-TWO UNIT	$356,600	111 ft
1535 39TH ST E MINNEAPOLIS MN 55407	J M BROWN & R M BROWN	RESIDENTIAL	$181,000	118 ft
3848 16TH AVE S MINNEAPOLIS MN 55407	T S & R J FIELDS	RESIDENTIAL-TWO UNIT	$469,600	134 ft
3837 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BRUCE JINDRA	RESIDENTIAL	$312,100	140 ft
3844 16TH AVE S MINNEAPOLIS MN 55407	C D SIMMONS & M L BROWN	RESIDENTIAL	$335,100	142 ft
1539 39TH ST E MINNEAPOLIS MN 55407	1539 LLC	RESIDENTIAL	$191,400	149 ft
3905 BLOOMINGTON AVE MINNEAPOLIS MN 55407	SARA LOUISE CASSIDY	CONDOMINIUM	$193,000	160 ft
3907 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BRIAN CASPER-FARNELLI ET AL	CONDOMINIUM	$193,000	160 ft

Property History

Most Recent Sale

Date201705

Price$195,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,519