3840 CEDAR AVE S MINNEAPOLIS MN 55407

PID: 1102824110125

Property Overview

Parcel ID1102824110125

Lot Size5,662 sq ft (0.130 ac)

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

Year Built1917

Property ClassRESIDENTIAL

OwnerJENNA CAGLE

Assessed Value$163,500

Land Value$85,000

Building Value$78,500

Annual Tax$2,077

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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 rent1,159/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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth83 ft

Area~2,987 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 2,987 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3836 CEDAR AVE S MINNEAPOLIS MN 55407	MARGIE DAINO	RESIDENTIAL	$253,200	46 ft
3844 CEDAR AVE S MINNEAPOLIS MN 55407	NDK INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$466,500	46 ft
3832 CEDAR AVE S MINNEAPOLIS MN 55407	DARNELL LOGAN	RESIDENTIAL-TWO UNIT	$350,800	92 ft
3848 CEDAR AVE S MINNEAPOLIS MN 55407	3848 CEDAR AVE LLC	APARTMENT	$958,000	94 ft
3841 18TH AVE S MINNEAPOLIS MN 55407	STEVEN HIEN TRAN TRUST	RESIDENTIAL	$385,900	134 ft
3828 CEDAR AVE S MINNEAPOLIS MN 55407	MIKE TRUNG NGUYEN	RESIDENTIAL	$271,700	139 ft
3845 18TH AVE S MINNEAPOLIS MN 55407	CAROLE A OINONEN	RESIDENTIAL	$279,100	142 ft
3837 18TH AVE S MINNEAPOLIS MN 55407	J J SCHUERMAN JR/J M FOLINA	RESIDENTIAL	$377,800	145 ft
3849 18TH AVE S MINNEAPOLIS MN 55407	R H SWANSON & J C SWANSON	RESIDENTIAL	$313,800	163 ft
3833 18TH AVE S MINNEAPOLIS MN 55407	MALAIKA HANKINS/KENNETH EBAN	RESIDENTIAL	$493,900	172 ft

Property History

Most Recent Sale

Date202505

Price$361,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,077