3329 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824130195

Property Overview

Parcel ID0402824130195

Lot Size5,143 sq ft (0.118 ac)

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

Year Built1911

Property ClassRESIDENTIAL

OwnerDAVID S SOMERFLECK

Assessed Value$323,200

Land Value$190,000

Building Value$133,200

Annual Tax$4,758

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

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 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%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3325 FREMONT AVE S MINNEAPOLIS MN 55408	KATHLEEN CAROLE BORDEAUX	RESIDENTIAL	$261,700	40 ft
3333 FREMONT AVE S MINNEAPOLIS MN 55408	N L MCCALL & J T LANDRY	RESIDENTIAL	$475,700	40 ft
3321 FREMONT AVE S MINNEAPOLIS MN 55408	WILLIAM J SCHAEFER TRUST	RESIDENTIAL	$392,200	80 ft
3337 FREMONT AVE S MINNEAPOLIS MN 55408	J T LANDRY & N L MCCALL	APARTMENT	$844,000	80 ft
3317 FREMONT AVE S MINNEAPOLIS MN 55408	FREMONT AVENUE LLC	APARTMENT	$815,000	120 ft
3341 FREMONT AVE S MINNEAPOLIS MN 55408	JOSHUA HOFFER & VICKY BASS	RESIDENTIAL	$499,800	120 ft
3328 EMERSON AVE S MINNEAPOLIS MN 55408	R PATIL/S PATIL/M PATIL	RESIDENTIAL-TWO UNIT	$399,300	140 ft
3324 EMERSON AVE S MINNEAPOLIS MN 55408	JOHN P KOSTOUROS & WIFE	RESIDENTIAL	$400,900	146 ft
3332 EMERSON AVE S MINNEAPOLIS MN 55408	T J HELWIG & B S STEPAN	RESIDENTIAL	$533,600	146 ft
3315 FREMONT AVE S MINNEAPOLIS MN 55408	JO A WAGNER	RESIDENTIAL	$367,500	160 ft

Property History

Most Recent Sale

Date199206

Price$71,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,758