3427 HARRIET AVE MINNEAPOLIS MN 55408

PID: 0302824320094

Property Overview

Parcel ID0302824320094

Lot Size5,839 sq ft (0.134 ac)

Lot Dimensions (est.)130 ft wide × 45 ft deep

Year Built1914

Property ClassAPARTMENT

OwnerAFFORDABLE GREEN HOMES LLC

Assessed Value$669,000

Land Value$145,100

Building Value$523,900

Annual Tax$12,656

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 2026 · $1K total declared value · Most recent: Mar 2026 (remodel)

RemodelMar 2026Inspection

$1K

BIG BOX CONSTRUCTION

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 width35 ft

Buildable depth90 ft

Area~3,140 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 3,140 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
3425 HARRIET AVE MINNEAPOLIS MN 55408	J R THEISEN & H F THEISEN	RESIDENTIAL	$286,000	34 ft
3431 HARRIET AVE MINNEAPOLIS MN 55408	GORDON MARK JOHNSON TRUSTEE	RESIDENTIAL	$340,600	45 ft
3423 HARRIET AVE MINNEAPOLIS MN 55408	M B RODRIGUEZ & A SCHUSTER	RESIDENTIAL	$530,500	62 ft
3435 HARRIET AVE MINNEAPOLIS MN 55408	ELENI B FELLOWS	RESIDENTIAL	$213,700	90 ft
3419 HARRIET AVE MINNEAPOLIS MN 55408	J A LANGNESS & L T SMIDT	RESIDENTIAL	$368,700	95 ft
3415 HARRIET AVE MINNEAPOLIS MN 55408	J W THOMAS TRUST	RESIDENTIAL	$418,700	135 ft
3439 HARRIET AVE MINNEAPOLIS MN 55408	SIMON P GROEBNER	RESIDENTIAL-TWO UNIT	$499,800	135 ft
3426 GRAND AVE S MINNEAPOLIS MN 55408	ARSHAM KUFTINEC TRUST	RESIDENTIAL	$321,200	141 ft
3430 GRAND AVE S MINNEAPOLIS MN 55408	ABRA L POLLOCK & CODY STAHL	RESIDENTIAL	$401,900	148 ft
3422 GRAND AVE S MINNEAPOLIS MN 55408	BREANNA J WARD	RESIDENTIAL	$356,900	149 ft

Property History

Most Recent Sale

Date201307

Price$336,201

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,656