3113 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824120099

Property Overview

Parcel ID0402824120099

Lot Size5,893 sq ft (0.135 ac)

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

Year Built1916

Property ClassAPARTMENT

OwnerJ ELLEDGE & P FLEMING

Assessed Value$836,000

Land Value$294,700

Building Value$541,300

Annual Tax$15,815

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

3 permits on record since 2020 · $34K total declared value · Most recent: May 2022 (addition)

AdditionMay 2022Closed

$9K

MICHAELS CONSTRUCTION SVCS LLC

RoofwindOct 2021Expired

$2K

ALEXANDER EXTERIORS

Commercial Multi-FamilySep 2020Closed

$24K

Farr Plumbing and Heating 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~3,173 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 3,173 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3117 FREMONT AVE S MINNEAPOLIS MN 55408	IGOR NAUMOVICH LIBERMAN	APARTMENT	$808,000	46 ft
3109 FREMONT AVE S MINNEAPOLIS MN 55408	DALLAS MELVIN RADEL	RESIDENTIAL	$323,600	46 ft
3121 FREMONT AVE S MINNEAPOLIS MN 55408	KELLER I LLC	APARTMENT	$877,000	92 ft
1219 31ST ST W MINNEAPOLIS MN 55408	NORTHLAND UPTOWN LOFTS LLC	APARTMENT	$4,400,000	114 ft
3125 FREMONT AVE S MINNEAPOLIS MN 55408	TONI ANN CROCKETT	APARTMENT	$855,000	137 ft
3112 EMERSON AVE S MINNEAPOLIS MN 55408	JAMES GARLICK & EMILY JAMES	RESIDENTIAL	$390,500	140 ft
3116 EMERSON AVE S MINNEAPOLIS MN 55408	KURT J & ROSANNA M FABER	APARTMENT	$684,000	147 ft
3108 EMERSON AVE S MINNEAPOLIS MN 55408	ROBERT MCNUTT	RESIDENTIAL-TWO UNIT	$561,800	148 ft
1215 31ST ST W MINNEAPOLIS MN 55408	ROBERT & CAROLYN VAN NELSON	RESIDENTIAL	$343,700	151 ft
3120 EMERSON AVE S MINNEAPOLIS MN 55408	NATHANIEL D LARSON	RESIDENTIAL-TWO UNIT	$587,700	167 ft

Property History

Most Recent Sale

Date202211

Price$937,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$15,815