3344 EMERSON AVE S MINNEAPOLIS MN 55408

PID: 0402824130187

Property Overview

Parcel ID0402824130187

Lot Size5,144 sq ft (0.118 ac)

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

Year Built1902

Property ClassRESIDENTIAL

OwnerYUHANG CHENG & LING QI

Assessed Value$275,000

Land Value$190,000

Building Value$85,000

Annual Tax$4,257

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

2 permits on record since 2022 · $14K total declared value · Most recent: Jul 2022 (existres)

ExistresJul 2022Closed

DNA HEATING AND COOLING

MiscJun 2022Closed

$14K

EXTERIORS PLUS LLC

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

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3340 EMERSON AVE S MINNEAPOLIS MN 55408	V LELEPS & V D LELEPS	RESIDENTIAL	$332,700	40 ft
3348 EMERSON AVE S MINNEAPOLIS MN 55408	ANDREW S BOYLE & BRIN BAILEY	RESIDENTIAL	$486,700	40 ft
3336 EMERSON AVE S MINNEAPOLIS MN 55408	CHRISTOPHER C JOHNSON REV TR	RESIDENTIAL	$579,800	80 ft
1216 34TH ST W MINNEAPOLIS MN 55408	GREGORY/PAMELA PAULSON RV TR	RESIDENTIAL	$487,400	100 ft
3332 EMERSON AVE S MINNEAPOLIS MN 55408	T J HELWIG & B S STEPAN	RESIDENTIAL	$533,600	120 ft
3341 FREMONT AVE S MINNEAPOLIS MN 55408	JOSHUA HOFFER & VICKY BASS	RESIDENTIAL	$499,800	146 ft
3328 EMERSON AVE S MINNEAPOLIS MN 55408	R PATIL/S PATIL/M PATIL	RESIDENTIAL-TWO UNIT	$399,300	160 ft
3337 FREMONT AVE S MINNEAPOLIS MN 55408	J T LANDRY & N L MCCALL	APARTMENT	$844,000	161 ft
3345 FREMONT AVE S MINNEAPOLIS MN 55408	THOMAS CHARLES OERTEL	RESIDENTIAL	$361,200	162 ft
3400 EMERSON AVE S MINNEAPOLIS MN 55408	ERIK JOHNSON/MARY KUENNEN	RESIDENTIAL	$327,700	165 ft

Property History

Most Recent Sale

Date202203

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,257