3944 PARK AVE MINNEAPOLIS MN 55407

PID: 1102824220097

Property Overview

Parcel ID1102824220097

Lot Size4,933 sq ft (0.113 ac)

Lot Dimensions (est.)117 ft wide × 42 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerA M SCHMALTZ & A N BATIS

Assessed Value$317,100

Land Value$81,000

Building Value$236,100

Annual Tax$4,656

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

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

2 permits on record since 2022 · $12K total declared value · Most recent: Jun 2024 (existres)

ExistresJun 2024Closed

Dean's Professional Plumbing Inc

MiscJul 2022Closed

$12K

KAUFMAN SHEET METAL ROOFING INC

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

Neighborhood Profile

Bryant · Minneapolis

Median reported rent1,284/mo

Renter-occupied41.2%

Median home value$251K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 95

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 depth77 ft

Area~2,478 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 2,478 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 PARK AVE MINNEAPOLIS MN 55407	KRISTOF N SCHAPER	RESIDENTIAL-TWO UNIT	$435,100	42 ft
3940 PARK AVE MINNEAPOLIS MN 55407	ANDREA JENKINS	RESIDENTIAL-TWO UNIT	$435,100	53 ft
3952 PARK AVE MINNEAPOLIS MN 55407	BRENDA M BALLING	RESIDENTIAL-TWO UNIT	$365,900	84 ft
3932 PARK AVE MINNEAPOLIS MN 55407	NANCY L WEEKES	RESIDENTIAL	$272,500	115 ft
3945 OAKLAND AVE MINNEAPOLIS MN 55407	M FLANAGAN & T A MOE	RESIDENTIAL	$255,000	129 ft
3949 OAKLAND AVE MINNEAPOLIS MN 55407	JAMIE R FISHER	RESIDENTIAL	$262,600	136 ft
3941 OAKLAND AVE MINNEAPOLIS MN 55407	M L DAVIS & K M PILLING	RESIDENTIAL	$240,300	136 ft
3955 OAKLAND AVE MINNEAPOLIS MN 55407	AN HONG & KATHERINE ASHTON	RESIDENTIAL	$320,100	154 ft
3937 OAKLAND AVE MINNEAPOLIS MN 55407	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	154 ft
3928 PARK AVE MINNEAPOLIS MN 55407	DAVID T ANDERSON	RESIDENTIAL	$296,300	168 ft

Property History

Most Recent Sale

Date202110

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,656