3317 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824130134

Property Overview

Parcel ID0402824130134

Lot Size5,143 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1927

Property ClassAPARTMENT

OwnerFREMONT AVENUE LLC

Assessed Value$815,000

Land Value$128,800

Building Value$686,200

Annual Tax$15,478

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

3 permits on record since 2017 · $51K total declared value · Most recent: Apr 2023 (remodel)

RemodelApr 2023Closed

$10K

Holmlund Masonry Inc

RoofwindAug 2022Closed

$38K

PINNACLE ROOFING SYSTEMS

AdditionApr 2017Closed

$3K

TWIN CITY RESIDENTIAL CONTRACTING

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 width30 ft

Buildable depth89 ft

Area~2,657 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 2,657 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3321 FREMONT AVE S MINNEAPOLIS MN 55408	WILLIAM J SCHAEFER TRUST	RESIDENTIAL	$392,200	40 ft
3315 FREMONT AVE S MINNEAPOLIS MN 55408	JO A WAGNER	RESIDENTIAL	$367,500	40 ft
3325 FREMONT AVE S MINNEAPOLIS MN 55408	KATHLEEN CAROLE BORDEAUX	RESIDENTIAL	$261,700	80 ft
3305 FREMONT AVE S MINNEAPOLIS MN 55408	D & B FIVE LLC	APARTMENT	$1,386,000	116 ft
3329 FREMONT AVE S MINNEAPOLIS MN 55408	DAVID S SOMERFLECK	RESIDENTIAL	$323,200	120 ft
3316 EMERSON AVE S MINNEAPOLIS MN 55408	C T SHIRAIWA & J A COMEAU	RESIDENTIAL	$350,600	140 ft
3312 EMERSON AVE S MINNEAPOLIS MN 55408	MARY CATHERINE SUMMER PAVON	RESIDENTIAL-TWO UNIT	$545,800	146 ft
3320 EMERSON AVE S MINNEAPOLIS MN 55408	B E AMELANG & M J MACKAMAN	RESIDENTIAL	$493,500	146 ft
3333 FREMONT AVE S MINNEAPOLIS MN 55408	N L MCCALL & J T LANDRY	RESIDENTIAL	$475,700	160 ft
3324 EMERSON AVE S MINNEAPOLIS MN 55408	JOHN P KOSTOUROS & WIFE	RESIDENTIAL	$400,900	161 ft

Property History

Most Recent Sale

Date200212

Price$0

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$15,478