3216 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824130211

Property Overview

Parcel ID0402824130211

Lot Size5,450 sq ft (0.125 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1923

Property ClassCONDOMINIUM

OwnerCATHERINE ROSE WRIGHT ET AL

Assessed Value$210,000

Land Value$50,000

Building Value$160,000

Annual Tax$2,853

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

2 permits on record since 2020 · Most recent: Aug 2022 (comnofdbv)

ComnofdbvAug 2022Closed

MN Plumbing & Home Services INC

ComnofdbvOct 2020Closed

Noah Acquistions 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 width32 ft

Buildable depth90 ft

Area~2,868 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 2,868 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3216 FREMONT AVE S MINNEAPOLIS MN 55408	JAMES MCLEAN	CONDOMINIUM	$196,000	0 ft
3216 FREMONT AVE S MINNEAPOLIS MN 55408	MARY MACKEY	CONDOMINIUM	$212,000	0 ft
3216 FREMONT AVE S MINNEAPOLIS MN 55408	ZACHARY S RICHARDS REV TRUST	CONDOMINIUM	$198,000	0 ft
MN	Unknown	—	—	0 ft
3214 FREMONT AVE S MINNEAPOLIS MN 55408	3212 FREMONT APARTMENTS LLC	VACANT LAND-APARTMENT	$7,700	22 ft
3220 FREMONT AVE S MINNEAPOLIS MN 55408	FRANK CHARLES PEYRAUD	CONDOMINIUM	$187,000	42 ft
3220 FREMONT AVE S MINNEAPOLIS MN 55408	NICHOLAS BRYDUCK REVOC TRUST	CONDOMINIUM	$187,000	42 ft
3220 FREMONT AVE S MINNEAPOLIS MN 55408	MARGARET J KELLY	CONDOMINIUM	$181,000	42 ft
3220 FREMONT AVE S MINNEAPOLIS MN 55408	SHEETAL R PATEL LIVING TRUST	CONDOMINIUM	$189,000	42 ft
MN	Unknown	—	—	42 ft

Property History

Most Recent Sale

Date202307

Price$241,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,853