3132 EMERSON AVE S MINNEAPOLIS MN 55408

PID: 0402824120201

Property Overview

Parcel ID0402824120201

Lot Size5,894 sq ft (0.135 ac)

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

Year Built1916

Property ClassCONDOMINIUM

OwnerN TRAN & T D ROBERTSON

Assessed Value$210,000

Land Value$52,000

Building Value$158,000

Annual Tax$2,853

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 depth88 ft

Area~3,174 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 3,174 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3132 EMERSON AVE S MINNEAPOLIS MN 55408	STEVEN G BAUER	CONDOMINIUM	$203,000	0 ft
3132 EMERSON AVE S MINNEAPOLIS MN 55408	PRESCOTT FAMILY REVOCABLE TR	CONDOMINIUM	$191,000	0 ft
3132 EMERSON AVE S MINNEAPOLIS MN 55408	AARON J SULLIVAN	CONDOMINIUM	$193,000	0 ft
MN	Unknown	—	—	0 ft
3130 EMERSON AVE S MINNEAPOLIS MN 55408	DOUGLAS S WITZ & JEFFRY WITZ	RESIDENTIAL	$476,100	46 ft
3136 EMERSON AVE S MINNEAPOLIS MN 55408	MARK D BECK	APARTMENT	$513,000	46 ft
3140 EMERSON AVE S MINNEAPOLIS MN 55408	KINGS HIGHWAY PROPERTIES LLC	APARTMENT	$1,022,000	92 ft
3124 EMERSON AVE S MINNEAPOLIS MN 55408	HILLARY ELMORE CAGE	RESIDENTIAL-TWO UNIT	$510,500	92 ft
3120 EMERSON AVE S MINNEAPOLIS MN 55408	NATHANIEL D LARSON	RESIDENTIAL-TWO UNIT	$587,700	138 ft
3133 FREMONT AVE S MINNEAPOLIS MN 55408	MARTIN SARENPA/KELLY SARENPA	APARTMENT	$610,000	140 ft

Property History

Most Recent Sale

Date202101

Price$250,745

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,853