3928 16TH AVE S MINNEAPOLIS MN 55407

PID: 1102824110177

Property Overview

Parcel ID1102824110177

Lot Size5,670 sq ft (0.130 ac)

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

Year Built1918

Property ClassRESIDENTIAL

OwnerJ BENOLKIN & S A LONNING

Assessed Value$248,700

Land Value$107,000

Building Value$141,700

Annual Tax$3,497

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2019 · $31K total declared value · Most recent: Nov 2024 (misc)

MiscNov 2024Closed

$11K

NOKOMIS ROOFING CO

ResSep 2022Closed

Urban Pine Plumbing and Mechanical Inc

ExistresJun 2022Closed

Ray N Welter Heating Co

AccessoryMar 2022Closed

$21K

SUSSEL CORP

ResOct 2019Closed

SODERLIN PLUMBING HEATING AND AIR

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~2,993 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 2,993 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
3924 16TH AVE S MINNEAPOLIS MN 55407	POLLY J ANDERSON	RESIDENTIAL	$313,300	46 ft
3932 16TH AVE S MINNEAPOLIS MN 55407	TAYLOR KAISER	RESIDENTIAL	$315,700	46 ft
3936 16TH AVE S MINNEAPOLIS MN 55407	PHILIP RASKIN	RESIDENTIAL	$339,000	91 ft
3920 16TH AVE S MINNEAPOLIS MN 55407	H L HENRY & A J DAVID	RESIDENTIAL	$430,200	92 ft
3929 BLOOMINGTON AVE MINNEAPOLIS MN 55407	T M S PERLMAN & J M PERLMAN	RESIDENTIAL	$375,800	134 ft
3940 16TH AVE S MINNEAPOLIS MN 55407	A M KOFMEHL & S J LUNDY	RESIDENTIAL	$303,000	136 ft
3916 16TH AVE S MINNEAPOLIS MN 55407	J M PLIEGO & E P MORAN	RESIDENTIAL-TWO UNIT	$323,300	139 ft
3933 BLOOMINGTON AVE MINNEAPOLIS MN 55407	JOANNA LYNN KELLY	RESIDENTIAL	$260,200	142 ft
3925 BLOOMINGTON AVE MINNEAPOLIS MN 55407	G GRISBECK/M OLMSCHENK TRUST	RESIDENTIAL	$383,000	143 ft
3937 BLOOMINGTON AVE MINNEAPOLIS MN 55407	S WALDORF/S VARUNA/R RIMPILA	RESIDENTIAL	$290,000	163 ft

Property History

Most Recent Sale

Date201303

Price$130,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,497