3033 EMERSON AVE S MINNEAPOLIS MN 55408

PID: 0402824120021

Property Overview

Parcel ID0402824120021

Lot Size5,919 sq ft (0.136 ac)

Lot Dimensions (est.)129 ft wide × 46 ft deep

Year Built1904

Property ClassRESIDENTIAL

OwnerC J GIBSON & N MOHAMMED

Assessed Value$400,900

Land Value$191,000

Building Value$209,900

Annual Tax$6,036

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

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth89 ft

Area~3,192 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 3,192 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3037 EMERSON AVE S MINNEAPOLIS MN 55408	CATHERINE W GRAHAM	RESIDENTIAL	$406,500	46 ft
3029 EMERSON AVE S MINNEAPOLIS MN 55408	C C OLSEN & A A OLSEN	RESIDENTIAL	$590,700	46 ft
3041 EMERSON AVE S MINNEAPOLIS MN 55408	MICHAEL SKREE	RESIDENTIAL	$438,000	92 ft
3025 EMERSON AVE S MINNEAPOLIS MN 55408	WILLIAM H DAVIS	RESIDENTIAL	$458,400	92 ft
3021 EMERSON AVE S MINNEAPOLIS MN 55408	PHILLIP J QUALY REV TRUST	RESIDENTIAL	$414,200	138 ft
3032 DUPONT AVE S MINNEAPOLIS MN 55408	NOWICKI LIVING TRUST	RESIDENTIAL	$456,400	140 ft
3045 EMERSON AVE S MINNEAPOLIS MN 55408	JOHN & ELISE ANDERSON TRUST	RESIDENTIAL	$603,200	140 ft
3036 DUPONT AVE S MINNEAPOLIS MN 55408	R E WILTGEN & D HARMEL	RESIDENTIAL	$461,700	147 ft
3028 DUPONT AVE S MINNEAPOLIS MN 55408	BRIAN L VLASENKO	RESIDENTIAL	$601,800	148 ft
3024 DUPONT AVE S MINNEAPOLIS MN 55408	LEGACY WEALTH INVEST LLC	RESIDENTIAL-TWO UNIT	$364,500	169 ft

Property History

Most Recent Sale

Date200006

Price$155,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,036