3543 PIERCE ST N E MINNEAPOLIS MN 55418

PID: 0102924210199

Property Overview

Parcel ID0102924210199

Lot Size4,996 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built2021

Property ClassTRIPLEX

OwnerCOLIN SWEENEY

Assessed Value$762,300

Land Value$104,000

Building Value$658,300

Annual Tax$14,477

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2021 · $450K total declared value · Most recent: Apr 2021 (comnofdbv)

ComnofdbvApr 2021Closed

SERVEY PLUMBING INC

NewMar 2021Closed

$450K

Alliance Builders

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

Neighborhood Profile

Waite Park · Minneapolis

Median reported rent1,527/mo

Renter-occupied21.2%

Median home value$288K

Vacancy rate3.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 6.01

Market Snapshot

Zip code 55418

Median sale price$368K-0.7% YoY

Median price / sqft$228/sqft

Median days to close15 days

Active listings75

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth85 ft

Area~2,546 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 sfr / adu benchmarks for 2,546 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3539 PIERCE ST N E MINNEAPOLIS MN 55418	GREGORY A THOMPSEN	RESIDENTIAL	$334,800	40 ft
3547 PIERCE ST N E MINNEAPOLIS MN 55418	E JUNGELS & J BELISLE	RESIDENTIAL	$291,600	40 ft
3535 PIERCE ST N E MINNEAPOLIS MN 55418	N C DERELI & M T DERELI	RESIDENTIAL	$294,000	80 ft
3551 PIERCE ST N E MINNEAPOLIS MN 55418	ERIN E RILEY	RESIDENTIAL	$290,200	80 ft
3531 PIERCE ST N E MINNEAPOLIS MN 55418	T & L HOLM	RESIDENTIAL	$285,000	120 ft
3555 PIERCE ST N E MINNEAPOLIS MN 55418	FAYE A FISCHER	RESIDENTIAL	$246,500	120 ft
3540 BUCHANAN ST N E MINNEAPOLIS MN 55418	JONAS CHRISTENSON	RESIDENTIAL	$311,500	140 ft
3546 BUCHANAN ST N E MINNEAPOLIS MN 55418	ANNIKA KVAAL	RESIDENTIAL	$330,700	145 ft
3534 BUCHANAN ST N E MINNEAPOLIS MN 55418	SHARAYAH B KRAUTKREMER	RESIDENTIAL	$272,000	159 ft
3527 PIERCE ST N E MINNEAPOLIS MN 55418	KATHLEEN A MUNSON	RESIDENTIAL	$302,000	160 ft

Property History

Most Recent Sale

Date202201

Price$725,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$14,477