3233 EMERSON AVE S MINNEAPOLIS MN 55408

PID: 0402824130109

Property Overview

Parcel ID0402824130109

Lot Size5,453 sq ft (0.125 ac)

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

Year Built1927

Property ClassAPARTMENT

OwnerMARIAN J PLUMMER

Assessed Value$815,000

Land Value$136,500

Building Value$678,500

Annual Tax$15,418

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~2,870 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 2,870 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
3237 EMERSON AVE S MINNEAPOLIS MN 55408	K A LAMPLAND & D P LAMPLAND	RESIDENTIAL-TWO UNIT	$563,100	42 ft
3229 EMERSON AVE S MINNEAPOLIS MN 55408	KEVIN J ANDERSON	RESIDENTIAL-TWO UNIT	$573,600	43 ft
3225 EMERSON AVE S MINNEAPOLIS MN 55408	IBRAHIM DEMMAJ	RESIDENTIAL	$399,800	85 ft
3241 EMERSON AVE S MINNEAPOLIS MN 55408	ROBERT C DEFRANCE & WIFE	RESIDENTIAL	$408,000	85 ft
3221 EMERSON AVE S MINNEAPOLIS MN 55408	S J MEYERS 3221 EMERSON LLC	APARTMENT	$653,000	127 ft
3245 EMERSON AVE S MINNEAPOLIS MN 55408	ALAN R & LISA M DEFRANCE	RESIDENTIAL	$523,000	127 ft
3232 DUPONT AVE S MINNEAPOLIS MN 55408	WILLIAM D GREGOIRE	RESIDENTIAL	$262,600	140 ft
3236 DUPONT AVE S MINNEAPOLIS MN 55408	DAVID BRAASCH & JULIE ELWELL	RESIDENTIAL	$623,000	146 ft
3228 DUPONT AVE S MINNEAPOLIS MN 55408	M FEE & B TRADEWELL	RESIDENTIAL	$441,000	147 ft
3240 DUPONT AVE S MINNEAPOLIS MN 55408	TIMOTHY N WRIGHT	RESIDENTIAL	$469,400	163 ft

Property History

Current Tax Year

Year2026

Tax Due$15,418