4320 12TH AVE S MINNEAPOLIS MN 55407

PID: 1102824310022

Property Overview

Parcel ID1102824310022

Lot Size5,264 sq ft (0.121 ac)

Lot Dimensions (est.)123 ft wide × 43 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerAMY KAORU THOMPSON

Assessed Value$271,300

Land Value$117,000

Building Value$154,300

Annual Tax$3,875

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

1 permit on record since 2018 · $3K total declared value · Most recent: May 2018 (misc)

MiscMay 2018Closed

$3K

NMC EXTERIORS AND REMODELING

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

Neighborhood Profile

Northrop · Minneapolis

Median reported rent1,090/mo

Renter-occupied19.0%

Median home value$334K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 110

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 width33 ft

Buildable depth82 ft

Area~2,720 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 2,720 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4316 12TH AVE S MINNEAPOLIS MN 55407	T ANDERSON & N ALESCI TRUSTS	RESIDENTIAL	$358,200	43 ft
4324 12TH AVE S MINNEAPOLIS MN 55407	AMANDA R SYKORA	RESIDENTIAL	$308,000	43 ft
4328 12TH AVE S MINNEAPOLIS MN 55407	B D GOODELL JR/M R SCHEDLER	RESIDENTIAL	$275,000	85 ft
4312 12TH AVE S MINNEAPOLIS MN 55407	K M REILLY & M J POGATSHNIK	RESIDENTIAL	$330,900	86 ft
4332 12TH AVE S MINNEAPOLIS MN 55407	SUE E HOSTETLER	RESIDENTIAL	$263,400	128 ft
4308 12TH AVE S MINNEAPOLIS MN 55407	SEAN R HOFFMAN	RESIDENTIAL	$255,000	129 ft
4321 11TH AVE S MINNEAPOLIS MN 55407	CAROLINE ROYCE	RESIDENTIAL	$343,100	134 ft
4325 11TH AVE S MINNEAPOLIS MN 55407	R DETERMAN & R SHERMAN	RESIDENTIAL	$313,600	141 ft
4317 11TH AVE S MINNEAPOLIS MN 55407	KLARA & MICHAEL C HARDIN	RESIDENTIAL	$320,100	141 ft
4313 11TH AVE S MINNEAPOLIS MN 55407	PETER B DANSKY	RESIDENTIAL	$349,200	159 ft

Property History

Most Recent Sale

Date201909

Price$244,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,875