3037 15th Ave S Minneapolis, MN 55407
Powderhorn Park NeighborhoodEstimated payment $227/month
About This Lot
Excellent opportunity to build in the heart of South Minneapolis! This 3,920 sq ft (.09 acres) lot offers a rare chance to develop in the vibrant Powderhorn Park neighborhood, just steps from green space, shops, and public transit. With dimensions of 30' x 124', this flat, infill lot is well-suited for a variety of small-scale residential uses.
Zoned UN2 (Urban Neighborhood District) with a BFI3 (Interior 3 Built Form Overlay), the property allows for potential low- to medium-density residential development. Whether you're looking to construct a single-family home, duplex, or other permitted housing type, this is a prime location for urban infill. The neighborhood’s walkability and proximity to Powderhorn Park and the Lake Street corridor make it an ideal setting for future tenants or homeowners.
Buyer to verify all zoning and development guidelines with the City of Minneapolis. Don't miss this affordable opportunity to build in one of the city's most dynamic and community-focused areas.
Property Details
Property Type
- Land
Est. Annual Taxes
- $202
Lot Details
- Lot Dimensions are 30 x 123
- Finished Lot(s)
- Zoning described as Residential-Multi-Family,Residential-Single Family
Community Details
- No Home Owners Association
- Williams Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 0202824120152
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $378 | $11,000 | $11,000 | -- |
| 2023 | $340 | $10,000 | $10,000 | $0 |
| 2022 | $294 | $8,000 | $8,000 | $0 |
| 2021 | $102 | $6,200 | $6,200 | $0 |
| 2020 | $110 | $6,200 | $6,200 | $0 |
| 2019 | $113 | $6,200 | $6,200 | $0 |
| 2018 | $114 | $6,200 | $6,200 | $0 |
| 2017 | $105 | $5,600 | $5,600 | $0 |
| 2016 | $108 | $5,600 | $5,600 | $0 |
| 2015 | $114 | $5,600 | $5,600 | $0 |
| 2014 | -- | $5,600 | $5,600 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Price Changed | $39,755 | -7.3% | -- |
| 05/23/2025 05/23/25 | For Sale | $42,900 | -- | -- |
Source: NorthstarMLS
MLS Number: 6725530
APN: 02-028-24-12-0152
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