3439 1ST AVE S MINNEAPOLIS MN 55408

PID: 0302824420164

Property Overview

Parcel ID0302824420164

Lot Size5,179 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1898

Property ClassRESIDENTIAL

OwnerBRANNON IMAMURA

Assessed Value$276,300

Land Value$82,000

Building Value$194,300

Annual Tax$3,973

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 2017 · $15K total declared value · Most recent: Sep 2022 (misc)

MiscSep 2022Closed

$5K

KAUFMAN SHEET METAL ROOFING INC

ResSep 2018Closed

Linn Star Transfer Inc

ResDec 2017Closed

CENTERPOINT ENERGY

MiscOct 2017Closed

$10K

RENEWAL BY ANDERSEN CORP

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

Neighborhood Profile

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 width30 ft

Buildable depth89 ft

Area~2,684 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 2,684 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
3435 1ST AVE S MINNEAPOLIS MN 55408	SHAUN BABCOCK	RESIDENTIAL-TWO UNIT	$369,300	41 ft
3441 1ST AVE S MINNEAPOLIS MN 55408	OLGA TYMOUCH	CONDOMINIUM	$314,000	60 ft
3443 1ST AVE S MINNEAPOLIS MN 55408	NATHAN VOSS	CONDOMINIUM	$295,000	60 ft
3445 1ST AVE S MINNEAPOLIS MN 55408	NANCY YOUNAN/ANDREW BESHARA	CONDOMINIUM	$301,000	60 ft
3447 1ST AVE S MINNEAPOLIS MN 55408	KAN LI	CONDOMINIUM	$308,000	60 ft
MN	Unknown	—	—	60 ft
3431 1ST AVE S MINNEAPOLIS MN 55408	DANIELLE J CLASEMAN	RESIDENTIAL	$322,000	82 ft
3449 1ST AVE S MINNEAPOLIS MN 55408	MATEUSZ TROICKI & M TROICKI	RESIDENTIAL-TWO UNIT	$313,900	123 ft
3427 1ST AVE S MINNEAPOLIS MN 55408	SUE A SCHROEDER	RESIDENTIAL	$367,000	124 ft
3440 STEVENS AVE MINNEAPOLIS MN 55408	STEADY PROPERTIES LLC	RESIDENTIAL	$323,400	143 ft

Property History

Most Recent Sale

Date202206

Price$326,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,973