3151 29TH AVE S MINNEAPOLIS MN 55406

PID: 0102824110080

Property Overview

Parcel ID0102824110080

Lot Size15,137 sq ft (0.348 ac)

Lot Dimensions (est.)159 ft wide × 95 ft deep

Year Built1965

Property ClassAPARTMENT

OwnerG18 OAK MANOR LLC ET AL

Assessed Value$1,600,000

Land Value$239,100

Building Value$1,360,900

Annual Tax$30,385

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 ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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 2019 · $17K total declared value · Most recent: Mar 2024 (commercial minor)

Commercial MinorMar 2024Expired

Rightmark LLC

Commercial Multi-FamilyMay 2019Closed

$17K

Farr Plumbing and Heating LLC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width146 ft

Buildable depth55 ft

Area~9,777 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 9,777 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
3145 29TH AVE S MINNEAPOLIS MN 55406	JAMES LYON & CONNOR HAGEN	RESIDENTIAL	$334,100	72 ft
3141 29TH AVE S MINNEAPOLIS MN 55406	LEIF NIKOLAUS ULRICH DEJONG	RESIDENTIAL	$316,800	119 ft
3201 29TH AVE S MINNEAPOLIS MN 55406	CATHERINE E HOLTZCLAW	RESIDENTIAL	$491,800	138 ft
3137 29TH AVE S MINNEAPOLIS MN 55406	LISA LYNN FENTON	RESIDENTIAL	$203,000	165 ft
3146 30TH AVE S MINNEAPOLIS MN 55406	SERVION INC	RESIDENTIAL	$332,000	172 ft
3150 30TH AVE S MINNEAPOLIS MN 55406	BECKY R PETERSEN	RESIDENTIAL	$290,900	172 ft
3205 29TH AVE S MINNEAPOLIS MN 55406	D K ENGLISH & E SHENK	RESIDENTIAL	$273,800	183 ft
3144 30TH AVE S MINNEAPOLIS MN 55406	LINDSAY KAPLAN/JOSEPH P REID	RESIDENTIAL	$353,900	185 ft
3140 30TH AVE S MINNEAPOLIS MN 55406	ANNA BRELJE	RESIDENTIAL	$332,400	208 ft
3133 29TH AVE S MINNEAPOLIS MN 55406	MOHAMED-KARIM EZZAT	RESIDENTIAL-TWO UNIT	$181,200	212 ft

Property History

Current Tax Year

Year2026

Tax Due$30,385