4025 11TH AVE S MINNEAPOLIS MN 55407

PID: 1102824240024

Property Overview

Parcel ID1102824240024

Lot Size4,843 sq ft (0.111 ac)

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

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerLUKE ASLESEN/RACHEL ASLESEN

Assessed Value$397,200

Land Value$92,000

Building Value$305,200

Annual Tax$5,974

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

No permits found in Minneapolis open data for this parcel.

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
4029 11TH AVE S MINNEAPOLIS MN 55407	RYAN PADGET	RESIDENTIAL-TWO UNIT	$477,600	40 ft
4021 11TH AVE S MINNEAPOLIS MN 55407	J WELNA & G FERDERBER	RESIDENTIAL	$280,600	40 ft
4033 11TH AVE S MINNEAPOLIS MN 55407	BRADLEY HAROLD GIBSON	RESIDENTIAL-TWO UNIT	$386,700	80 ft
4017 11TH AVE S MINNEAPOLIS MN 55407	PEGGY JEAN RADER	RESIDENTIAL	$310,900	80 ft
4037 11TH AVE S MINNEAPOLIS MN 55407	G SIMS-BURCHARD & A BURCHARD	RESIDENTIAL	$298,900	120 ft
4013 11TH AVE S MINNEAPOLIS MN 55407	SHAHEAN CHEREN	RESIDENTIAL	$303,000	120 ft
4024 12TH AVE S MINNEAPOLIS MN 55407	B MILES & P M RICHARDSON	RESIDENTIAL	$364,400	135 ft
4020 12TH AVE S MINNEAPOLIS MN 55407	CHARLES SEXTON ET AL	RESIDENTIAL	$334,000	141 ft
4028 12TH AVE S MINNEAPOLIS MN 55407	RYAN M OLSON	RESIDENTIAL	$251,700	141 ft
4016 12TH AVE S MINNEAPOLIS MN 55407	DANIEL J KELLY	RESIDENTIAL	$297,000	157 ft

Property History

Most Recent Sale

Date201912

Price$385,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,974