3853 15TH AVE S MINNEAPOLIS MN 55407

PID: 1102824120015

Property Overview

Parcel ID1102824120015

Lot Size4,849 sq ft (0.111 ac)

Lot Dimensions (est.)121 ft wide × 40 ft deep

Year Built1915

Property ClassRESIDENTIAL-TWO UNIT

OwnerR J BERGSTROM & L M TAGLIA

Assessed Value$378,000

Land Value$99,000

Building Value$279,000

Annual Tax$7,151

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Cultural District — 38th StreetHigh

Within the 38th Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2021 · $7K total declared value · Most recent: Mar 2024 (res)

ResMar 2024Closed

CenterPoint Energy Resource Corp

ResMar 2024Closed

CenterPoint Energy Resource Corp

MiscAug 2021Closed

$7K

CHARLIE'S ANGLES 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

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 width30 ft

Buildable depth81 ft

Area~2,437 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 2,437 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
3857 15TH AVE S MINNEAPOLIS MN 55407	BRIAN HUHN	RESIDENTIAL-TWO UNIT	$367,200	37 ft
3849 15TH AVE S MINNEAPOLIS MN 55407	TAINA BURGOS	RESIDENTIAL-TWO UNIT	$474,900	40 ft
3845 15TH AVE S MINNEAPOLIS MN 55407	DONNA M BIRD	RESIDENTIAL	$265,000	80 ft
3841 15TH AVE S MINNEAPOLIS MN 55407	ROBERT A HAHN	RESIDENTIAL	$268,300	120 ft
3901 15TH AVE S MINNEAPOLIS MN 55407	R WAGNER & G VISCOME	RESIDENTIAL	$285,000	134 ft
3852 BLOOMINGTON AVE MINNEAPOLIS MN 55407	G P JAEGER & K S JAEGER	RESIDENTIAL-TWO UNIT	$433,300	135 ft
3856 BLOOMINGTON AVE MINNEAPOLIS MN 55407	D A BIESEMEIER ET AL	RESIDENTIAL	$253,100	140 ft
3848 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BRUCE ANTHONY ORTENDAHL	RESIDENTIAL	$187,000	141 ft
3844 BLOOMINGTON AVE MINNEAPOLIS MN 55407	KARRIE L VRABEL	RESIDENTIAL	$264,600	157 ft
3837 15TH AVE S MINNEAPOLIS MN 55407	AUSTIN MADSEN	RESIDENTIAL	$286,100	160 ft

Property History

Most Recent Sale

Date201210

Price$188,700

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,151