3924 CEDAR AVE S MINNEAPOLIS MN 55407

PID: 1102824110205

Property Overview

Parcel ID1102824110205

Lot Size5,669 sq ft (0.130 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerLUCAS OLSON & CRYSTAL THOMAS

Assessed Value$292,200

Land Value$85,000

Building Value$207,200

Annual Tax$4,222

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~2,993 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
3920 CEDAR AVE S MINNEAPOLIS MN 55407	BRADLEY R YALE	RESIDENTIAL	$239,600	46 ft
3928 CEDAR AVE S MINNEAPOLIS MN 55407	A M HAMMERBECK & C A UNOLD	RESIDENTIAL	$235,000	46 ft
3932 CEDAR AVE S MINNEAPOLIS MN 55407	SOUTHPOINT LLC	TRIPLEX	$415,000	89 ft
3918 CEDAR AVE S MINNEAPOLIS MN 55407	DAVYN JAMES & KRISTA JAMES	RESIDENTIAL	$206,000	89 ft
3914 CEDAR AVE S MINNEAPOLIS MN 55407	DANIEL HILLS & KARIN HILLS	RESIDENTIAL	$278,100	129 ft
3936 CEDAR AVE S MINNEAPOLIS MN 55407	COLLEEN M COLLINS	RESIDENTIAL	$260,500	130 ft
3925 18TH AVE S MINNEAPOLIS MN 55407	CHAD BURMA	RESIDENTIAL	$307,600	134 ft
3929 18TH AVE S MINNEAPOLIS MN 55407	KRISTIN N WINCEK	RESIDENTIAL	$299,000	139 ft
3923 18TH AVE S MINNEAPOLIS MN 55407	JAMES F GRANT	RESIDENTIAL	$186,500	141 ft
3931 18TH AVE S MINNEAPOLIS MN 55407	L & J KLOS JR ET AL	RESIDENTIAL	$239,300	155 ft

Property History

Most Recent Sale

Date201906

Price$315,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,222