4032 12TH AVE S MINNEAPOLIS MN 55407

PID: 1102824240009

Property Overview

Parcel ID1102824240009

Lot Size4,843 sq ft (0.111 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerCHERRENE C HORAZUK

Assessed Value$300,000

Land Value$92,000

Building Value$208,000

Annual Tax$5,275

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

2 permits on record since 2017 · $5K total declared value · Most recent: Oct 2023 (existres)

ExistresOct 2023Closed

Centraire Heating & Air Conditioning LLC

MiscMay 2017Closed

$5K

SELA ROOFING AND REMODELING 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 width30 ft

Buildable depth81 ft

Area~2,432 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 2,432 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
4028 12TH AVE S MINNEAPOLIS MN 55407	RYAN M OLSON	RESIDENTIAL	$251,700	40 ft
4036 12TH AVE S MINNEAPOLIS MN 55407	MARTHA S WEISS	RESIDENTIAL	$395,700	40 ft
4024 12TH AVE S MINNEAPOLIS MN 55407	B MILES & P M RICHARDSON	RESIDENTIAL	$364,400	80 ft
4040 12TH AVE S MINNEAPOLIS MN 55407	DANIEL A & JESSICA MCCLOSKEY	RESIDENTIAL	$310,200	80 ft
4020 12TH AVE S MINNEAPOLIS MN 55407	CHARLES SEXTON ET AL	RESIDENTIAL	$334,000	120 ft
4044 12TH AVE S MINNEAPOLIS MN 55407	JANE BOOTH-TOBIN	RESIDENTIAL	$350,000	120 ft
4033 11TH AVE S MINNEAPOLIS MN 55407	BRADLEY HAROLD GIBSON	RESIDENTIAL-TWO UNIT	$386,700	135 ft
4037 11TH AVE S MINNEAPOLIS MN 55407	G SIMS-BURCHARD & A BURCHARD	RESIDENTIAL	$298,900	141 ft
4029 11TH AVE S MINNEAPOLIS MN 55407	RYAN PADGET	RESIDENTIAL-TWO UNIT	$477,600	141 ft
4041 11TH AVE S MINNEAPOLIS MN 55407	JANET E WARD	RESIDENTIAL	$331,800	157 ft

Property History

Most Recent Sale

Date200809

Price$152,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,275