3948 12TH AVE S MINNEAPOLIS MN 55407

PID: 1102824210199

Property Overview

Parcel ID1102824210199

Lot Size5,187 sq ft (0.119 ac)

Lot Dimensions (est.)122 ft wide × 42 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerD L SNYDER & A MAKELA-SNYDER

Assessed Value$326,900

Land Value$95,000

Building Value$231,900

Annual Tax$4,802

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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 rent1,152/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~2,667 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 2,667 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
3944 12TH AVE S MINNEAPOLIS MN 55407	S REGAN & C SIMONETT	RESIDENTIAL	$273,000	42 ft
3952 12TH AVE S MINNEAPOLIS MN 55407	L WEISS & P COSTAIN	RESIDENTIAL	$359,500	43 ft
3940 12TH AVE S MINNEAPOLIS MN 55407	3940 12TH AVENUE S LLC	RESIDENTIAL-TWO UNIT	$347,800	85 ft
3936 12TH AVE S MINNEAPOLIS MN 55407	L E KNAZAN & D W LEVENDOWSKI	RESIDENTIAL	$347,000	127 ft
3949 11TH AVE S MINNEAPOLIS MN 55407	MICHELLE A GREENE	RESIDENTIAL-TWO UNIT	$400,100	134 ft
3953 11TH AVE S MINNEAPOLIS MN 55407	R S SHEDD & R A SHEDD	RESIDENTIAL	$352,000	141 ft
3945 11TH AVE S MINNEAPOLIS MN 55407	J B FALLA & A Z JOHNSON	RESIDENTIAL	$291,300	141 ft
4000 12TH AVE S MINNEAPOLIS MN 55407	CITY OF LAKES COMM LAND TRST	—	$590,300	150 ft
3941 11TH AVE S MINNEAPOLIS MN 55407	T HEINZ-AMBORN/B HEINZ-AMBOR	RESIDENTIAL	$348,100	159 ft
3932 12TH AVE S MINNEAPOLIS MN 55407	J M DANDONA/L D HOLDERFIELD	RESIDENTIAL	$350,500	170 ft

Property History

Most Recent Sale

Date200108

Price$179,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,802