3345 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824130191

Property Overview

Parcel ID0402824130191

Lot Size3,429 sq ft (0.079 ac)

Lot Dimensions (est.)86 ft wide × 40 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerTHOMAS CHARLES OERTEL

Assessed Value$361,200

Land Value$153,000

Building Value$208,200

Annual Tax$5,395

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $8K total declared value · Most recent: Apr 2024 (res)

ResApr 2024Expired

Warners Stellian Co Inc

ResMay 2023Expired

Warners Stellian Co Inc

ExistresApr 2021Closed

Ray N Welter Heating Co

MiscApr 2019Closed

$8K

SNAP CONSTRUCTION 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 depth46 ft

Area~1,371 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 1,371 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3349 FREMONT AVE S MINNEAPOLIS MN 55408	ADETOKUNBO O OKANLA ET AL	RESIDENTIAL	$380,000	40 ft
3341 FREMONT AVE S MINNEAPOLIS MN 55408	JOSHUA HOFFER & VICKY BASS	RESIDENTIAL	$499,800	46 ft
1216 34TH ST W MINNEAPOLIS MN 55408	GREGORY/PAMELA PAULSON RV TR	RESIDENTIAL	$487,400	67 ft
3337 FREMONT AVE S MINNEAPOLIS MN 55408	J T LANDRY & N L MCCALL	APARTMENT	$844,000	83 ft
3333 FREMONT AVE S MINNEAPOLIS MN 55408	N L MCCALL & J T LANDRY	RESIDENTIAL	$475,700	122 ft
3350 FREMONT AVE S MINNEAPOLIS MN 55408	KEVIN KRAMP	RESIDENTIAL	$475,600	147 ft
3344 EMERSON AVE S MINNEAPOLIS MN 55408	YUHANG CHENG & LING QI	RESIDENTIAL	$275,000	162 ft
3329 FREMONT AVE S MINNEAPOLIS MN 55408	DAVID S SOMERFLECK	RESIDENTIAL	$323,200	162 ft
3401 FREMONT AVE S MINNEAPOLIS MN 55408	CONSTANCE LEE BERTRAND	RESIDENTIAL	$478,400	163 ft
3348 EMERSON AVE S MINNEAPOLIS MN 55408	ANDREW S BOYLE & BRIN BAILEY	RESIDENTIAL	$486,700	166 ft

Property History

Most Recent Sale

Date201904

Price$392,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,395