3021 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824120044

Property Overview

Parcel ID0402824120044

Lot Size5,920 sq ft (0.136 ac)

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

Year Built1909

Property ClassRESIDENTIAL-TWO UNIT

OwnerJWN-3021 LLC

Assessed Value$422,900

Land Value$191,000

Building Value$231,900

Annual Tax$8,000

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
3025 FREMONT AVE S MINNEAPOLIS MN 55408	JWN 13773 LLC	RESIDENTIAL-TWO UNIT	$505,400	46 ft
3017 FREMONT AVE S MINNEAPOLIS MN 55408	REARDON PROP LTD PTNRSHP	APARTMENT	$777,000	46 ft
3029 FREMONT AVE S MINNEAPOLIS MN 55408	MATTHEW P BRESNAHAN	RESIDENTIAL	$504,900	92 ft
3018 EMERSON AVE S MINNEAPOLIS MN 55408	E WESTOVER & Z HOMRIGHAUS	RESIDENTIAL-ZERO LOT LINE	$508,700	138 ft
3033 FREMONT AVE S MINNEAPOLIS MN 55408	S A SUZUKI & J A CORNELIUS	RESIDENTIAL	$516,900	138 ft
3020 EMERSON AVE S MINNEAPOLIS MN 55408	ALAN M MENDELSOHN	RESIDENTIAL-ZERO LOT LINE	$506,100	139 ft
3008 EMERSON AVE S MINNEAPOLIS MN 55408	CALHOUN PARK COMPANIES LLC	COMMERCIAL-PREFERRED	$1,649,300	140 ft
3016 EMERSON AVE S MINNEAPOLIS MN 55408	C W SYVERSON & G K SYVERSON	RESIDENTIAL-ZERO LOT LINE	$503,100	141 ft
3022 EMERSON AVE S MINNEAPOLIS MN 55408	N MANNEBACH & J HUGHES	RESIDENTIAL-ZERO LOT LINE	$504,800	143 ft
3014 EMERSON AVE S MINNEAPOLIS MN 55408	FRED J RAPPAPORT	RESIDENTIAL-ZERO LOT LINE	$543,600	151 ft

Property History

Most Recent Sale

Date200202

Price$45,037

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,000