3040 DUPONT AVE S MINNEAPOLIS MN 55408

PID: 0402824120017

Property Overview

Parcel ID0402824120017

Lot Size12,399 sq ft (0.285 ac)

Lot Dimensions (est.)129 ft wide × 96 ft deep

Year Built1962

Property ClassAPARTMENT

OwnerDUPONT PROPERTIES LLC

Assessed Value$2,402,400

Land Value$618,100

Building Value$1,784,300

Annual Tax$45,446

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 ↗

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 ↗

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

South Uptown · Minneapolis

Median reported rent1,449/mo

Renter-occupied73.2%

Median home value$398K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 81

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width116 ft

Buildable depth56 ft

Area~7,389 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 7,389 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3036 DUPONT AVE S MINNEAPOLIS MN 55408	R E WILTGEN & D HARMEL	RESIDENTIAL	$461,700	72 ft
3032 DUPONT AVE S MINNEAPOLIS MN 55408	NOWICKI LIVING TRUST	RESIDENTIAL	$456,400	117 ft
3045 EMERSON AVE S MINNEAPOLIS MN 55408	JOHN & ELISE ANDERSON TRUST	RESIDENTIAL	$603,200	143 ft
3041 EMERSON AVE S MINNEAPOLIS MN 55408	MICHAEL SKREE	RESIDENTIAL	$438,000	143 ft
3037 EMERSON AVE S MINNEAPOLIS MN 55408	CATHERINE W GRAHAM	RESIDENTIAL	$406,500	157 ft
3028 DUPONT AVE S MINNEAPOLIS MN 55408	BRIAN L VLASENKO	RESIDENTIAL	$601,800	163 ft
3100 DUPONT AVE S MINNEAPOLIS MN 55408	B C ELLIOTT & I B ELLIOTT	RESIDENTIAL	$572,700	163 ft
3045 DUPONT AVE S MINNEAPOLIS MN 55408	MEGAN MCCORMICK ET AL	RESIDENTIAL	$444,300	166 ft
3033 EMERSON AVE S MINNEAPOLIS MN 55408	C J GIBSON & N MOHAMMED	RESIDENTIAL	$400,900	182 ft
3041 DUPONT AVE S MINNEAPOLIS MN 55408	S D NAU & M W KOPPENBERG	RESIDENTIAL	$519,200	190 ft

Property History

Current Tax Year

Year2026

Tax Due$45,446