3115 EMERSON AVE S MINNEAPOLIS MN 55408

PID: 0402824120084

Property Overview

Parcel ID0402824120084

Lot Size5,895 sq ft (0.135 ac)

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

Year Built1911

Property ClassRESIDENTIAL

OwnerSARAH FREEMAN & T MCCORMICK

Assessed Value$640,300

Land Value$203,000

Building Value$437,300

Annual Tax$10,365

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

2 permits on record since 2023 · $14K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$14K

1ST TEAM EXTERIORS

ExistresOct 2023Closed

Hero Home Services LLC

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

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 depth88 ft

Area~3,175 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 3,175 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
3117 EMERSON AVE S MINNEAPOLIS MN 55408	WENDY L AULDRICH TRUST	RESIDENTIAL	$535,000	46 ft
3109 EMERSON AVE S MINNEAPOLIS MN 55408	STEVEN ERICKSON	RESIDENTIAL	$444,700	46 ft
3121 EMERSON AVE S MINNEAPOLIS MN 55408	CONNOR M O'MEARA REV TRUST	TRIPLEX	$543,600	92 ft
3101 EMERSON AVE S MINNEAPOLIS MN 55408	TRAVIS BUDISALOVICH	RESIDENTIAL	$674,400	118 ft
1115 31ST ST W MINNEAPOLIS MN 55408	SHOLOM Y BROOK	RESIDENTIAL	$470,000	119 ft
3125 EMERSON AVE S MINNEAPOLIS MN 55408	N L CARLSON & S J BRISSEE	RESIDENTIAL	$400,400	138 ft
3112 DUPONT AVE S MINNEAPOLIS MN 55408	THOMAS L KENT	RESIDENTIAL-TWO UNIT	$453,700	140 ft
3116 DUPONT AVE S MINNEAPOLIS MN 55408	A R BURNS JR & A K BURNS	RESIDENTIAL-TWO UNIT	$503,100	147 ft
3108 DUPONT AVE S MINNEAPOLIS MN 55408	RDA UPTOWN III LLC	RESIDENTIAL	$369,000	148 ft
3120 DUPONT AVE S MINNEAPOLIS MN 55408	S OCZAK & C OCZAK	RESIDENTIAL-TWO UNIT	$449,800	167 ft

Property History

Most Recent Sale

Date201605

Price$489,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,365