2311 OAK PARK AVE N MINNEAPOLIS MN 55411

PID: 2002924140090

Property Overview

Parcel ID2002924140090

Lot Size2,511 sq ft (0.058 ac)

Lot Dimensions (est.)44 ft wide × 57 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerFRED L ANDERSON

Assessed Value$123,000

Land Value$16,000

Building Value$107,000

Annual Tax$1,400

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 ↗

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Willard - Hay · Minneapolis

Median reported rent1,203/mo

Renter-occupied33.4%

Median home value$254K

Vacancy rate1.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 32

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width34 ft

Buildable depth17 ft

Area~584 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 584 sqft buildable area.

Est. units

Yield on cost

6.5%

Spread

+1.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2305 OAK PARK AVE N MINNEAPOLIS MN 55411	DONALD W SCHANDING II	RESIDENTIAL	$123,000	44 ft
923 QUEEN AVE N MINNEAPOLIS MN 55411	G G SILVER & H I HENDRIX	RESIDENTIAL	$225,200	69 ft
2301 OAK PARK AVE N MINNEAPOLIS MN 55411	TOM HATTON	RESIDENTIAL	$127,000	93 ft
919 QUEEN AVE N MINNEAPOLIS MN 55411	919 QUEEN LLC	RESIDENTIAL-TWO UNIT	$279,200	101 ft
926 RUSSELL AVE N MINNEAPOLIS MN 55411	SEAN M WILCOXSON	RESIDENTIAL-TWO UNIT	$333,900	107 ft
922 RUSSELL AVE N MINNEAPOLIS MN 55411	JAMES A BUXTON	RESIDENTIAL	$108,400	117 ft
1000 RUSSELL AVE N MINNEAPOLIS MN 55411	CECILIA M CLEMENTS	RESIDENTIAL	$311,100	130 ft
915 QUEEN AVE N MINNEAPOLIS MN 55411	PJROPES HOLDINGS LTD	LOW INCOME RENTAL	$152,100	138 ft
918 RUSSELL AVE N MINNEAPOLIS MN 55411	CITIMORTGAGE INC	RESIDENTIAL	$179,400	139 ft
1001 QUEEN AVE N MINNEAPOLIS MN 55411	JONATHAN ROBERT HOGLUND	RESIDENTIAL	$273,800	147 ft

Property History

Current Tax Year

Year2026

Tax Due$1,400