3037 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824120034

Property Overview

Parcel ID0402824120034

Lot Size5,920 sq ft (0.136 ac)

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

Year Built1911

Property ClassRESIDENTIAL

OwnerELGA TINGER

Assessed Value$607,700

Land Value$191,000

Building Value$416,700

Annual Tax$9,748

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

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
3033 FREMONT AVE S MINNEAPOLIS MN 55408	S A SUZUKI & J A CORNELIUS	RESIDENTIAL	$516,900	46 ft
1216 31ST ST W MINNEAPOLIS MN 55408	REX JEFFRIES	RESIDENTIAL	$358,800	72 ft
1212 31ST ST W MINNEAPOLIS MN 55408	JOHNATHON KUNKEL & AMY FISH	RESIDENTIAL	$322,700	83 ft
1222 31ST ST W MINNEAPOLIS MN 55408	LAKE HARRIET UMC	RESIDENTIAL	$0	83 ft
3029 FREMONT AVE S MINNEAPOLIS MN 55408	MATTHEW P BRESNAHAN	RESIDENTIAL	$504,900	92 ft
1210 31ST ST W MINNEAPOLIS MN 55408	DAVID S EBSEN & OLGA UGORETS	RESIDENTIAL	$267,600	131 ft
3025 FREMONT AVE S MINNEAPOLIS MN 55408	JWN 13773 LLC	RESIDENTIAL-TWO UNIT	$505,400	138 ft
3038 EMERSON AVE S MINNEAPOLIS MN 55408	SAM HILE & SHERIDAN SMALL	RESIDENTIAL	$608,400	140 ft
3032 EMERSON AVE S MINNEAPOLIS MN 55408	A J FRENZ & M N FRENZ	RESIDENTIAL-TWO UNIT	$555,500	148 ft
3040 EMERSON AVE S MINNEAPOLIS MN 55408	BZ 3040EMERSON LLC	APARTMENT	$869,000	148 ft

Property History

Most Recent Sale

Date201304

Price$407,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,748