3140 29TH AVE S MINNEAPOLIS MN 55406

PID: 0102824110091

Property Overview

Parcel ID0102824110091

Lot Size7,469 sq ft (0.171 ac)

Lot Dimensions (est.)159 ft wide × 47 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerK S KLAPSTE & A J ROMER

Assessed Value$314,300

Land Value$129,000

Building Value$185,300

Annual Tax$4,609

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

3 permits on record since 2023 · $40K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$25K

REROOF AMERICA CORP

MiscApr 2024Closed

$15K

REROOF AMERICA CORP

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 width37 ft

Buildable depth119 ft

Area~4,399 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 4,399 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3136 29TH AVE S MINNEAPOLIS MN 55406	MARK S HENNESSY LIV TRUST	RESIDENTIAL	$306,300	47 ft
3142 29TH AVE S MINNEAPOLIS MN 55406	K M L SMILEY & E L B LEANDER	RESIDENTIAL-TWO UNIT	$408,900	47 ft
3132 29TH AVE S MINNEAPOLIS MN 55406	W ANDERSON & E HOFFMAN	RESIDENTIAL	$395,000	93 ft
3148 29TH AVE S MINNEAPOLIS MN 55406	S PETERSON & J SALZMAN	RESIDENTIAL	$382,500	93 ft
3128 29TH AVE S MINNEAPOLIS MN 55406	NORIYAS P & SEAN N UN TRUST	RESIDENTIAL-TWO UNIT	$468,100	140 ft
3152 29TH AVE S MINNEAPOLIS MN 55406	M H CARUS/C EBY/D STEINER	RESIDENTIAL-TWO UNIT	$356,600	140 ft
3139 28TH AVE S MINNEAPOLIS MN 55406	H & R LANIER JR	RESIDENTIAL-TWO UNIT	$394,000	171 ft
3143 28TH AVE S MINNEAPOLIS MN 55406	J P & K L SUNDEEN	RESIDENTIAL-TWO UNIT	$397,000	178 ft
3135 28TH AVE S MINNEAPOLIS MN 55406	ANDREW R HARRINGTON	RESIDENTIAL	$407,000	178 ft
3124 29TH AVE S MINNEAPOLIS MN 55406	THREE'S COMPANY LLC	RESIDENTIAL-TWO UNIT	$402,800	187 ft

Property History

Most Recent Sale

Date200704

Price$262,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,609