3028 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824120058

Property Overview

Parcel ID0402824120058

Lot Size5,921 sq ft (0.136 ac)

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

Year Built1909

Property ClassRESIDENTIAL

OwnerSTEVEN ROY HOLST SUBJ/L E

Assessed Value$470,700

Land Value$191,000

Building Value$279,700

Annual Tax$7,200

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

3 permits on record since 2019 · $45K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$45K

INTEGRITY DESIGN & CONSTRUCTION INC

ResAug 2022Closed

Plumbing West Inc

ResFeb 2019Closed

Urban Pine Plumbing and Mechanical Inc

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

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth89 ft

Area~3,193 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 3-story wood frame (5–12 units) benchmarks for 3,193 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3024 FREMONT AVE S MINNEAPOLIS MN 55408	ELLIOT CAPITAL GROUP LLC	RESIDENTIAL	$348,200	46 ft
3032 FREMONT AVE S MINNEAPOLIS MN 55408	THE LORNA A ROCKEY LIVING TR	RESIDENTIAL	$337,200	46 ft
3020 FREMONT AVE S MINNEAPOLIS MN 55408	ELLIOT CAPITAL GROUP LLC	RESIDENTIAL	$435,000	92 ft
3036 FREMONT AVE S MINNEAPOLIS MN 55408	CASSIA A SCHMITZ	RESIDENTIAL-TWO UNIT	$413,800	92 ft
3016 FREMONT AVE S MINNEAPOLIS MN 55408	ELLIOT CAPITAL GROUP LLC	VACANT LAND-RESIDENTIAL	$207,400	138 ft
3040 FREMONT AVE S MINNEAPOLIS MN 55408	TALENT WEALTH CAP LLC ET AL	RESIDENTIAL-TWO UNIT	$398,100	138 ft
1330 31ST ST W MINNEAPOLIS MN 55408	NP UPTOWN LLC	COMMERCIAL-PREFERRED	$2,995,000	156 ft
3044 FREMONT AVE S MINNEAPOLIS MN 55408	BURGEON WEALTH LLC	RESIDENTIAL-TWO UNIT	$425,400	186 ft
3029 FREMONT AVE S MINNEAPOLIS MN 55408	MATTHEW P BRESNAHAN	RESIDENTIAL	$504,900	188 ft
3033 FREMONT AVE S MINNEAPOLIS MN 55408	S A SUZUKI & J A CORNELIUS	RESIDENTIAL	$516,900	194 ft

Property History

Current Tax Year

Year2026

Tax Due$7,200