3232 EMERSON AVE S MINNEAPOLIS MN 55408

PID: 0402824130082

Property Overview

Parcel ID0402824130082

Lot Size5,504 sq ft (0.126 ac)

Lot Dimensions (est.)129 ft wide × 43 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerD BILYK & S MAYBORODA

Assessed Value$727,700

Land Value$198,000

Building Value$529,700

Annual Tax$12,018

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

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 depth91 ft

Area~2,905 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 2,905 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3236 EMERSON AVE S MINNEAPOLIS MN 55408	ANTON ROBERTS SULLIVAN	RESIDENTIAL	$525,400	42 ft
3228 EMERSON AVE S MINNEAPOLIS MN 55408	B W PEARSON & R R PEARSON	RESIDENTIAL	$403,800	43 ft
3240 EMERSON AVE S MINNEAPOLIS MN 55408	M D HILLYER & J M BODE	RESIDENTIAL	$469,700	84 ft
3224 EMERSON AVE S MINNEAPOLIS MN 55408	MARGARET JANSSEN	RESIDENTIAL	$493,700	85 ft
3220 EMERSON AVE S MINNEAPOLIS MN 55408	BLAKE K & JORDAN BAILES	RESIDENTIAL	$388,000	127 ft
3244 EMERSON AVE S MINNEAPOLIS MN 55408	J L JOHNSON & N MENZ	RESIDENTIAL	$599,100	127 ft
MN	Unknown	—	—	140 ft
3233 FREMONT AVE S MINNEAPOLIS MN 55408	MICHAEL J CHUMMERS	CONDOMINIUM	$182,000	140 ft
3233 FREMONT AVE S MINNEAPOLIS MN 55408	DUSTIN ANDREW HOUSE	CONDOMINIUM	$194,000	140 ft
3233 FREMONT AVE S MINNEAPOLIS MN 55408	M J GILBERT	CONDOMINIUM	$208,000	140 ft

Property History

Most Recent Sale

Date201305

Price$483,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,018