3040 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824210054

Property Overview

Parcel ID0402824210054

Lot Size5,908 sq ft (0.136 ac)

Lot Dimensions (est.)129 ft wide × 46 ft deep

Year Built1909

Property ClassRESIDENTIAL-TWO UNIT

OwnerELIZABETH A STEBLAY

Assessed Value$503,800

Land Value$239,000

Building Value$264,800

Annual Tax$7,761

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

East Bde Maka Ska · Minneapolis

Median reported rent1,601/mo

Renter-occupied66.9%

Median home value$643K

Vacancy rate7.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1080

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 width36 ft

Buildable depth88 ft

Area~3,183 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 3,183 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3036 HUMBOLDT AVE S MINNEAPOLIS MN 55408	R K COZINE & E K SHORT	RESIDENTIAL	$660,900	46 ft
1500 31ST ST W MINNEAPOLIS MN 55408	PEYREPERTUSE LLC ET AL	RESIDENTIAL-TWO UNIT	$447,600	52 ft
1510 31ST ST W MINNEAPOLIS MN 55408	L&M RECREATION HOMES LLC	RESIDENTIAL	$351,000	67 ft
3032 HUMBOLDT AVE S MINNEAPOLIS MN 55408	M GADZALA & J DUNKLEY	RESIDENTIAL	$641,300	92 ft
1512 31ST ST W MINNEAPOLIS MN 55408	A PETERSEN & S ELLIS	RESIDENTIAL	$351,300	113 ft
3028 HUMBOLDT AVE S MINNEAPOLIS MN 55408	KLP REAL ESTATE LLC	RESIDENTIAL-TWO UNIT	$723,700	138 ft
3041 IRVING AVE S MINNEAPOLIS MN 55408	MIGUEL WONG & ERIKA BUSSE	RESIDENTIAL	$452,100	140 ft
3037 IRVING AVE S MINNEAPOLIS MN 55408	GRIFFEN ANDREW HARTMAN	RESIDENTIAL	$495,500	147 ft
3035 IRVING AVE S MINNEAPOLIS MN 55408	A RHYSING & M RHYSING	RESIDENTIAL-TWO UNIT	$581,900	167 ft
1520 31ST ST W MINNEAPOLIS MN 55408	JESSICA TOFT	RESIDENTIAL	$578,600	173 ft

Property History

Current Tax Year

Year2026

Tax Due$7,761