4009 11TH AVE S MINNEAPOLIS MN 55407

PID: 1102824240028

Property Overview

Parcel ID1102824240028

Lot Size4,844 sq ft (0.111 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerOLIVIA BUENO

Assessed Value$312,000

Land Value$92,000

Building Value$220,000

Annual Tax$4,812

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

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~2,433 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 2,433 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
4013 11TH AVE S MINNEAPOLIS MN 55407	SHAHEAN CHEREN	RESIDENTIAL	$303,000	40 ft
4005 11TH AVE S MINNEAPOLIS MN 55407	JULIE MARTINEZ/J A RODRIGUEZ	RESIDENTIAL	$287,000	40 ft
4017 11TH AVE S MINNEAPOLIS MN 55407	PEGGY JEAN RADER	RESIDENTIAL	$310,900	80 ft
4001 11TH AVE S MINNEAPOLIS MN 55407	THERESA PURCELL & MARC SWART	RESIDENTIAL	$365,400	80 ft
4021 11TH AVE S MINNEAPOLIS MN 55407	J WELNA & G FERDERBER	RESIDENTIAL	$280,600	120 ft
4008 12TH AVE S MINNEAPOLIS MN 55407	MICHAEL JOSE BALVOA	RESIDENTIAL	$285,800	135 ft
4004 12TH AVE S MINNEAPOLIS MN 55407	JESSICA SCHMIDT	RESIDENTIAL	$353,800	141 ft
4012 12TH AVE S MINNEAPOLIS MN 55407	ANN ROMINE & RYAN ROMINE	RESIDENTIAL	$304,500	141 ft
4016 12TH AVE S MINNEAPOLIS MN 55407	DANIEL J KELLY	RESIDENTIAL	$297,000	156 ft
4000 12TH AVE S MINNEAPOLIS MN 55407	CITY OF LAKES COMM LAND TRST	—	$590,300	157 ft

Property History

Most Recent Sale

Date201612

Price$237,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,812