3328 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824130170

Property Overview

Parcel ID0402824130170

Lot Size5,142 sq ft (0.118 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerJOHN S MACY TRUST

Assessed Value$391,100

Land Value$190,000

Building Value$201,100

Annual Tax$5,872

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

1 permit on record since 2021 · $23K total declared value · Most recent: Jul 2021 (misc)

MiscJul 2021Closed

$23K

SELA ROOFING AND REMODELING INC

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~2,656 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 2,656 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3332 FREMONT AVE S MINNEAPOLIS MN 55408	REED/MARIANNA MALM REVC TRST	RESIDENTIAL	$420,400	40 ft
3320 FREMONT AVE S MINNEAPOLIS MN 55408	3320 SINGH PLACE LLC	APARTMENT	$1,120,000	60 ft
3336 FREMONT AVE S MINNEAPOLIS MN 55408	SUZANNE TEMA	RESIDENTIAL-TWO UNIT	$551,800	80 ft
3340 FREMONT AVE S MINNEAPOLIS MN 55408	DANIEL E SHEFF	RESIDENTIAL-TWO UNIT	$421,400	120 ft
3329 GIRARD AVE S MINNEAPOLIS MN 55408	E A BOYD & A BOYD	RESIDENTIAL	$399,000	140 ft
3325 GIRARD AVE S MINNEAPOLIS MN 55408	S D GOODRICH & E E SAVELA	RESIDENTIAL	$348,000	146 ft
3333 GIRARD AVE S MINNEAPOLIS MN 55408	A E THULIN & K F THULIN	RESIDENTIAL	$531,300	146 ft
3344 FREMONT AVE S MINNEAPOLIS MN 55408	HILARY JEAN MOSHER	RESIDENTIAL	$427,700	160 ft
3321 GIRARD AVE S MINNEAPOLIS MN 55408	BRIAN V FREDO & B M FREDO	RESIDENTIAL	$350,800	161 ft
3337 GIRARD AVE S MINNEAPOLIS MN 55408	D G ANDERSON & K SAKURAI	RESIDENTIAL	$637,900	162 ft

Property History

Current Tax Year

Year2026

Tax Due$5,872