3106 29TH AVE S MINNEAPOLIS MN 55406

PID: 0102824110064

Property Overview

Parcel ID0102824110064

Lot Size7,155 sq ft (0.164 ac)

Lot Dimensions (est.)157 ft wide × 46 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerJEFFREY G POBUDA

Assessed Value$307,900

Land Value$127,000

Building Value$180,900

Annual Tax$4,503

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

2 permits on record since 2023 · $16K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$16K

Insurance Solutions Services Inc

ResApr 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Longfellow · Minneapolis

Median reported rent1,037/mo

Renter-occupied58.5%

Median home value$302K

Vacancy rate13.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1088

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width36 ft

Buildable depth116 ft

Area~4,161 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 small multifamily (2–4 units, wood frame) benchmarks for 4,161 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3110 29TH AVE S MINNEAPOLIS MN 55406	A M A OLSON & S E A OLSON	RESIDENTIAL	$361,800	45 ft
3100 29TH AVE S MINNEAPOLIS MN 55406	T C SCHIPPER & C E O'MALLEY	RESIDENTIAL	$562,200	53 ft
3116 29TH AVE S MINNEAPOLIS MN 55406	LISA MARIE BARTELS	RESIDENTIAL	$309,300	91 ft
3120 29TH AVE S MINNEAPOLIS MN 55406	DEBORAH A WOLKING	RESIDENTIAL-TWO UNIT	$431,600	137 ft
3107 28TH AVE S MINNEAPOLIS MN 55406	PABLO ARIAS	RESIDENTIAL	$264,300	174 ft
3111 28TH AVE S MINNEAPOLIS MN 55406	JCJ INVESTMENTS INC	LOW INCOME RENTAL	$586,000	178 ft
3124 29TH AVE S MINNEAPOLIS MN 55406	THREE'S COMPANY LLC	RESIDENTIAL-TWO UNIT	$402,800	182 ft
3101 28TH AVE S MINNEAPOLIS MN 55406	MICHAEL S JOHNSON	RESIDENTIAL	$238,400	184 ft
3034 29TH AVE S MINNEAPOLIS MN 55406	AREN WILLIAM FRYMIRE	APARTMENT	$296,000	186 ft
2818 31ST ST E MINNEAPOLIS MN 55406	SOUTHEAST RENTAL LLC	APARTMENT	$564,000	190 ft

Property History

Most Recent Sale

Date198910

Price$57,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,503