3448 MINNEHAHA AVE MINNEAPOLIS MN 55406

PID: 0102824410039

Property Overview

Parcel ID0102824410039

Lot Size6,000 sq ft (0.138 ac)

Lot Dimensions (est.)151 ft wide × 40 ft deep

Year Built1914

Property ClassRESIDENTIAL-TWO UNIT

OwnerPHILIP J VANDERVAART

Assessed Value$313,200

Land Value$96,000

Building Value$217,200

Annual Tax$4,867

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

1 permit on record since 2024 · Most recent: Mar 2024 (res)

ResMar 2024Closed

Trenk Mechanical LLC

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

Neighborhood Profile

Howe · 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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth110 ft

Area~3,300 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 3-story wood frame (5–12 units) benchmarks for 3,300 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
3452 MINNEHAHA AVE MINNEAPOLIS MN 55406	35TH STREET PROPERTIES INC	COMMERCIAL-PREFERRED	$107,000	40 ft
3444 MINNEHAHA AVE MINNEAPOLIS MN 55406	MELODY L FOSTER	RESIDENTIAL	$332,600	50 ft
3016 35TH ST E MINNEAPOLIS MN 55406	RODNEY I ADAMS TRUST	RESIDENTIAL	$164,400	101 ft
3436 MINNEHAHA AVE MINNEAPOLIS MN 55406	MARISSA A & EMILY K ELLIS	RESIDENTIAL	$446,600	110 ft
3022 35TH ST E MINNEAPOLIS MN 55406	35TH STREET PROPERTIES INC	TRIPLEX	$1,262,000	112 ft
3012 35TH ST E MINNEAPOLIS MN 55406	SHANNON RADFORD	RESIDENTIAL	$234,000	113 ft
3008 35TH ST E MINNEAPOLIS MN 55406	KATHLEEN M CICH	RESIDENTIAL	$166,800	147 ft
3432 MINNEHAHA AVE MINNEAPOLIS MN 55406	PAULA SACKMAN	RESIDENTIAL	$266,700	160 ft
3457 SNELLING AVE MINNEAPOLIS MN 55406	E AUCAPINA & C AUCAPINA	RESIDENTIAL-TWO UNIT	$323,800	169 ft
3453 SNELLING AVE MINNEAPOLIS MN 55406	LAURA R SCHMIDT	RESIDENTIAL	$276,200	183 ft

Property History

Most Recent Sale

Date199511

Price$69,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,867