3900 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824110163

Property Overview

Parcel ID1102824110163

Lot Size4,923 sq ft (0.113 ac)

Lot Dimensions (est.)80 ft wide × 62 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerN S BENITEZ & E Z LINARES

Assessed Value$323,900

Land Value$100,000

Building Value$223,900

Annual Tax$4,752

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · $7K total declared value · Most recent: Dec 2021 (misc)

MiscDec 2021Closed

$7K

M S RELOCATION SERVICES INC

ResJul 2021Closed

Fineline Mechanical Services Inc

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

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 width67 ft

Buildable depth22 ft

Area~1,939 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 1,939 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
3906 16TH AVE S MINNEAPOLIS MN 55407	P S MCCLUSKEY & A M D'ANGELO	RESIDENTIAL	$270,000	55 ft
1539 39TH ST E MINNEAPOLIS MN 55407	1539 LLC	RESIDENTIAL	$191,400	61 ft
3910 16TH AVE S MINNEAPOLIS MN 55407	JOHAN PEDER KVAMME	RESIDENTIAL	$302,600	93 ft
1535 39TH ST E MINNEAPOLIS MN 55407	J M BROWN & R M BROWN	RESIDENTIAL	$181,000	113 ft
3848 16TH AVE S MINNEAPOLIS MN 55407	T S & R J FIELDS	RESIDENTIAL-TWO UNIT	$469,600	118 ft
3912 16TH AVE S MINNEAPOLIS MN 55407	AARON M WARWICK	RESIDENTIAL	$302,300	136 ft
3901 16TH AVE S MINNEAPOLIS MN 55407	JOHN PETERS/DANIEL L PETERS	RESIDENTIAL	$237,500	161 ft
3905 BLOOMINGTON AVE MINNEAPOLIS MN 55407	SARA LOUISE CASSIDY	CONDOMINIUM	$193,000	162 ft
3907 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BRIAN CASPER-FARNELLI ET AL	CONDOMINIUM	$193,000	162 ft
3905 BLOOMINGTON AVE MINNEAPOLIS MN 55407	KEVIN J MORGEL	CONDOMINIUM	$193,000	162 ft

Property History

Most Recent Sale

Date202201

Price$315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,752