3133 EMERSON AVE S MINNEAPOLIS MN 55408

PID: 0402824120170

Property Overview

Parcel ID0402824120170

Lot Size5,895 sq ft (0.135 ac)

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

Year Built1910

Property ClassRESIDENTIAL-TWO UNIT

OwnerMARY SIMPSON LLC

Assessed Value$576,600

Land Value$203,000

Building Value$373,600

Annual Tax$10,908

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

1 permit on record since 2017 · Most recent: Jan 2017 (res)

ResJan 2017Closed

Noah Acquistions 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
3137 EMERSON AVE S MINNEAPOLIS MN 55408	D G ONDICH & L S RANADE	RESIDENTIAL	$422,400	46 ft
3129 EMERSON AVE S MINNEAPOLIS MN 55408	RDA UPTOWN IV LLC	RESIDENTIAL	$340,200	46 ft
3141 EMERSON AVE S MINNEAPOLIS MN 55408	R E OWENS & C T OWENS TRUST	RESIDENTIAL	$396,900	92 ft
3125 EMERSON AVE S MINNEAPOLIS MN 55408	N L CARLSON & S J BRISSEE	RESIDENTIAL	$400,400	92 ft
3145 EMERSON AVE S MINNEAPOLIS MN 55408	GREGORY T JANSEN	RESIDENTIAL	$507,900	138 ft
3121 EMERSON AVE S MINNEAPOLIS MN 55408	CONNOR M O'MEARA REV TRUST	TRIPLEX	$543,600	138 ft
3132 DUPONT AVE S MINNEAPOLIS MN 55408	MILES MERCER ET AL	RESIDENTIAL	$556,300	140 ft
3136 DUPONT AVE S MINNEAPOLIS MN 55408	MEGAN L LARSON	RESIDENTIAL	$380,000	147 ft
3128 DUPONT AVE S MINNEAPOLIS MN 55408	B D CARLSON & M L CARLSON TR	RESIDENTIAL	$476,100	148 ft
3140 DUPONT AVE S MINNEAPOLIS MN 55408	E K CONLEY HALL & T J HALL	RESIDENTIAL	$368,400	167 ft

Property History

Most Recent Sale

Date201712

Price$365,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,908