3209 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824130030

Property Overview

Parcel ID0402824130030

Lot Size5,451 sq ft (0.125 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1924

Property ClassAPARTMENT

OwnerS J MEYERS 3209 FREMONT LLC

Assessed Value$653,000

Land Value$136,400

Building Value$516,600

Annual Tax$12,354

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

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 width32 ft

Buildable depth90 ft

Area~2,869 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 2,869 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3215 FREMONT AVE S MINNEAPOLIS MN 55408	ADAM ROSEN & RACHEL ROSEN	RESIDENTIAL	$396,800	42 ft
3205 FREMONT AVE S MINNEAPOLIS MN 55408	J B OLSON & H M OLSON	RESIDENTIAL-TWO UNIT	$528,700	43 ft
3217 FREMONT AVE S MINNEAPOLIS MN 55408	J C BORDWELL & M B BORDWELL	RESIDENTIAL-TWO UNIT	$490,400	85 ft
3201 FREMONT AVE S MINNEAPOLIS MN 55408	GRAYSON MALINOWSKI	RESIDENTIAL-TWO UNIT	$584,800	86 ft
3221 FREMONT AVE S MINNEAPOLIS MN 55408	B G EHALT & R R HINTZ	APARTMENT	$673,000	127 ft
3212 EMERSON AVE S MINNEAPOLIS MN 55408	KATHLEEN M KASTAN	RESIDENTIAL	$446,800	146 ft
3200 EMERSON AVE S MINNEAPOLIS MN 55408	421 NE LLC	APARTMENT	$2,231,000	147 ft
3216 EMERSON AVE S MINNEAPOLIS MN 55408	ALISON MCGHEE	RESIDENTIAL-TWO UNIT	$550,700	163 ft
3225 FREMONT AVE S MINNEAPOLIS MN 55408	MARY MOGA	RESIDENTIAL	$366,100	169 ft
3220 EMERSON AVE S MINNEAPOLIS MN 55408	BLAKE K & JORDAN BAILES	RESIDENTIAL	$388,000	189 ft

Property History

Most Recent Sale

Date199007

Price$150,815

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$12,354