3515 3RD AVE S MINNEAPOLIS MN 55408

PID: 0302824410097

Property Overview

Parcel ID0302824410097

Lot Size5,394 sq ft (0.124 ac)

Lot Dimensions (est.)128 ft wide × 42 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerD A NORAT & E R ROSENTHAL

Assessed Value$354,000

Land Value$76,000

Building Value$278,000

Annual Tax$5,274

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Central · Minneapolis

Median reported rent1,445/mo

Renter-occupied42.2%

Median home value$244K

Vacancy rate11.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1094

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 width32 ft

Buildable depth88 ft

Area~2,829 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 2,829 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
3517 3RD AVE S MINNEAPOLIS MN 55408	CHRISTINE N WEINSCHREIDER	RESIDENTIAL	$303,900	42 ft
3509 3RD AVE S MINNEAPOLIS MN 55408	CHIOMA UDOKWU	RESIDENTIAL	$350,800	42 ft
3521 3RD AVE S MINNEAPOLIS MN 55408	M H LLAPA & M J LLAPA	RESIDENTIAL	$257,000	84 ft
3505 3RD AVE S MINNEAPOLIS MN 55408	ROBERTO WEBSTER ONOFRE	RESIDENTIAL	$299,000	84 ft
3525 3RD AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	126 ft
3503 3RD AVE S MINNEAPOLIS MN 55408	P ENGSTROM & S ENGSTROM	RESIDENTIAL	$363,800	126 ft
3512 CLINTON AVE MINNEAPOLIS MN 55408	C4D LLC	RESIDENTIAL	$161,400	142 ft
3508 CLINTON AVE MINNEAPOLIS MN 55408	MARK HANSON & VALERIE DEUS	RESIDENTIAL	$329,400	148 ft
3516 CLINTON AVE MINNEAPOLIS MN 55408	COMBUS JONES & LORENE JONES	RESIDENTIAL	$234,000	148 ft
313 35TH ST E MINNEAPOLIS MN 55408	JUAN ALARCON/MARTINA ACOSTA	RESIDENTIAL	$109,900	161 ft

Property History

Most Recent Sale

Date201608

Price$230,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,274