3428 HARRIET AVE MINNEAPOLIS MN 55408

PID: 0302824320075

Property Overview

Parcel ID0302824320075

Lot Size11,682 sq ft (0.268 ac)

Lot Dimensions (est.)130 ft wide × 90 ft deep

Year Built1962

Property ClassAPARTMENT

Owner3428 HARRIET LLC

Assessed Value$1,597,000

Land Value$290,300

Building Value$1,306,700

Annual Tax$30,453

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

1 permit on record since 2019 · $30K total declared value · Most recent: Oct 2019 (roofwind)

RoofwindOct 2019Expired

$30K

QUALITY TRUSTED COMMERCIAL CONSTRUCTION & ROOFING

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

Neighborhood Profile

Lyndale · Minneapolis

Median reported rent1,194/mo

Renter-occupied53.6%

Median home value$326K

Vacancy rate10.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1093

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width80 ft

Buildable depth90 ft

Area~7,178 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 7,178 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
3438 HARRIET AVE MINNEAPOLIS MN 55408	BEATRIZ MENANTEAU	RESIDENTIAL	$337,900	67 ft
3426 HARRIET AVE MINNEAPOLIS MN 55408	NATHAN L KENNER	RESIDENTIAL-TWO UNIT	$445,200	68 ft
3442 HARRIET AVE MINNEAPOLIS MN 55408	KYLE WALKER & T L WALKER	RESIDENTIAL	$376,500	112 ft
3422 HARRIET AVE MINNEAPOLIS MN 55408	HEIDI WIESNER TRUSTEE	RESIDENTIAL	$367,300	113 ft
3431 GARFIELD AVE MINNEAPOLIS MN 55408	BRADLEY BOURN/LISA PETERSON	RESIDENTIAL-TWO UNIT	$371,400	143 ft
3439 GARFIELD AVE MINNEAPOLIS MN 55408	D & B FIVE LLC	APARTMENT	$1,482,000	149 ft
3427 GARFIELD AVE MINNEAPOLIS MN 55408	3427 GARFIELD LLC	RESIDENTIAL-TWO UNIT	$380,800	156 ft
3418 HARRIET AVE MINNEAPOLIS MN 55408	M R NELSON & M D CHEESEMAN	RESIDENTIAL	$358,600	158 ft
3450 HARRIET AVE MINNEAPOLIS MN 55408	HARRIET GROUP LLLP	RESIDENTIAL-TWO UNIT	$648,600	170 ft
3423 GARFIELD AVE MINNEAPOLIS MN 55408	LEONARD EIDEN	RESIDENTIAL	$296,800	180 ft

Property History

Most Recent Sale

Date201907

Price$1,850,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$30,453