3845 12TH AVE S MINNEAPOLIS MN 55407

PID: 1102824120199

Property Overview

Parcel ID1102824120199

Lot Size5,154 sq ft (0.118 ac)

Lot Dimensions (est.)121 ft wide × 42 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerJ S MACGREGOR, K T MACGREGOR

Assessed Value$280,300

Land Value$95,000

Building Value$185,300

Annual Tax$4,025

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

7 permits on record since 2017 · $7K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ResDec 2021Closed

Warners Stellian Co Inc

ExistresMay 2021Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResApr 2021Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

MiscOct 2020Closed

$7K

THE WINDOW STORE INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Bancroft · Minneapolis

Median reported rent1,152/mo

Renter-occupied30.0%

Median home value$271K

Vacancy rate2.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 96

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth83 ft

Area~2,642 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 sfr / adu benchmarks for 2,642 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3849 12TH AVE S MINNEAPOLIS MN 55407	R W GARRISON/M K N-GARRISON	RESIDENTIAL	$220,000	42 ft
3841 12TH AVE S MINNEAPOLIS MN 55407	LISA BLACHER	RESIDENTIAL	$270,000	42 ft
3853 12TH AVE S MINNEAPOLIS MN 55407	MARTA L KNUTSON	RESIDENTIAL	$373,700	85 ft
3837 12TH AVE S MINNEAPOLIS MN 55407	MICHAEL J CURRY	RESIDENTIAL-TWO UNIT	$355,500	85 ft
3833 12TH AVE S MINNEAPOLIS MN 55407	J T ALLEN & S LEVI	RESIDENTIAL	$237,000	127 ft
3844 13TH AVE S MINNEAPOLIS MN 55407	KATHERINE BLOMQUIST ET AL	RESIDENTIAL	$331,500	135 ft
3840 13TH AVE S MINNEAPOLIS MN 55407	MEGHAN CHAVARRIA/ALLEN RAND	RESIDENTIAL	$294,600	141 ft
3848 13TH AVE S MINNEAPOLIS MN 55407	EUGENE H ANDERSON & WIFE	RESIDENTIAL	$281,000	142 ft
3836 13TH AVE S MINNEAPOLIS MN 55407	MARY K SCHLADWEILER	RESIDENTIAL	$184,800	159 ft
3852 13TH AVE S MINNEAPOLIS MN 55407	BIDLE-MOORE REV TRUST ET AL	RESIDENTIAL	$259,000	160 ft

Property History

Most Recent Sale

Date200006

Price$136,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,025