3450 26TH AVE S MINNEAPOLIS MN 55406

PID: 0102824420028

Property Overview

Parcel ID0102824420028

Lot Size5,093 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerT KELEMEWORK & MOGES TENA

Assessed Value$288,300

Land Value$103,000

Building Value$185,300

Annual Tax$4,415

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

4 permits on record since 2022 · $29K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$5K

TRINITY EXTERIORS INC

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresFeb 2022Closed

Centraire Heating & Air Conditioning LLC

MiscJan 2022Closed

$24K

CHAMPION WINDOW CO OF MINNEAPOLS LLC

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

Neighborhood Profile

Corcoran · Minneapolis

Median reported rent1,426/mo

Renter-occupied41.7%

Median home value$261K

Vacancy rate3.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1087

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 width30 ft

Buildable depth87 ft

Area~2,619 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 2,619 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3446 26TH AVE S MINNEAPOLIS MN 55406	DENISE ALMQUIST	RESIDENTIAL	$286,700	40 ft
3454 26TH AVE S MINNEAPOLIS MN 55406	CLAUDIA L BENSON	RESIDENTIAL	$300,000	40 ft
3442 26TH AVE S MINNEAPOLIS MN 55406	CLAUDIA JO PIPER	RESIDENTIAL	$313,200	80 ft
3438 26TH AVE S MINNEAPOLIS MN 55406	KATHERINE M MARANO	RESIDENTIAL	$573,000	120 ft
3500 26TH AVE S MINNEAPOLIS MN 55406	L & L LLC	RESIDENTIAL	$249,900	138 ft
3451 25TH AVE S MINNEAPOLIS MN 55406	SARAH ROBINSON	RESIDENTIAL	$334,100	141 ft
3447 25TH AVE S MINNEAPOLIS MN 55406	JAMES R DAVIS	RESIDENTIAL	$280,000	146 ft
3455 25TH AVE S MINNEAPOLIS MN 55406	AARON DAVID BRITT	RESIDENTIAL	$247,200	147 ft
3434 26TH AVE S MINNEAPOLIS MN 55406	B M TAHA	RESIDENTIAL	$378,700	160 ft
3443 25TH AVE S MINNEAPOLIS MN 55406	THOMAS LEE QUENROE	RESIDENTIAL	$262,500	162 ft

Property History

Most Recent Sale

Date201604

Price$217,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,415