3952 12TH AVE S MINNEAPOLIS MN 55407

PID: 1102824210200

Property Overview

Parcel ID1102824210200

Lot Size5,187 sq ft (0.119 ac)

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

Year Built1915

Property ClassRESIDENTIAL

OwnerL WEISS & P COSTAIN

Assessed Value$359,500

Land Value$95,000

Building Value$264,500

Annual Tax$5,346

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

4 permits on record since 2020 · $9K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ExistresNov 2023Closed

Otogawa-Anschel General Contractors & Consultants

MiscJul 2022Closed

$9K

RENEWAL BY ANDERSEN CORP

ResApr 2020Closed

Norblom Plumbing Co

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width109 ft

Buildable depth2 ft

Area~2,420 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 2,420 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3948 12TH AVE S MINNEAPOLIS MN 55407	D L SNYDER & A MAKELA-SNYDER	RESIDENTIAL	$326,900	43 ft
3944 12TH AVE S MINNEAPOLIS MN 55407	S REGAN & C SIMONETT	RESIDENTIAL	$273,000	85 ft
4000 12TH AVE S MINNEAPOLIS MN 55407	CITY OF LAKES COMM LAND TRST	—	$590,300	107 ft
3940 12TH AVE S MINNEAPOLIS MN 55407	3940 12TH AVENUE S LLC	RESIDENTIAL-TWO UNIT	$347,800	127 ft
3953 11TH AVE S MINNEAPOLIS MN 55407	R S SHEDD & R A SHEDD	RESIDENTIAL	$352,000	134 ft
3949 11TH AVE S MINNEAPOLIS MN 55407	MICHELLE A GREENE	RESIDENTIAL-TWO UNIT	$400,100	140 ft
4004 12TH AVE S MINNEAPOLIS MN 55407	JESSICA SCHMIDT	RESIDENTIAL	$353,800	147 ft
3945 11TH AVE S MINNEAPOLIS MN 55407	J B FALLA & A Z JOHNSON	RESIDENTIAL	$291,300	159 ft
3936 12TH AVE S MINNEAPOLIS MN 55407	L E KNAZAN & D W LEVENDOWSKI	RESIDENTIAL	$347,000	170 ft
4001 11TH AVE S MINNEAPOLIS MN 55407	THERESA PURCELL & MARC SWART	RESIDENTIAL	$365,400	172 ft

Property History

Current Tax Year

Year2026

Tax Due$5,346