3124 IRVING AVE S MINNEAPOLIS MN 55408

PID: 0402824210129

Property Overview

Parcel ID0402824210129

Lot Size5,836 sq ft (0.134 ac)

Lot Dimensions (est.)128 ft wide × 46 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerC C PEARTHREE & Y C OLSEN

Assessed Value$659,700

Land Value$278,000

Building Value$381,700

Annual Tax$10,731

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

3 permits on record since 2017 · $10K total declared value · Most recent: Jul 2020 (res)

ResJul 2020Closed

Urban Pine Plumbing and Mechanical Inc

MiscOct 2019Closed

$10K

THE WINDOW STORE INC

ResMar 2017Closed

Master Gas Fitters Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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 depth87 ft

Area~3,129 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 3,129 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3120 IRVING AVE S MINNEAPOLIS MN 55408	T K RINGSRED & T K CORNELIUS	RESIDENTIAL	$587,700	46 ft
3128 IRVING AVE S MINNEAPOLIS MN 55408	NANCY BEAL WALLER REV TRUST	RESIDENTIAL	$725,600	46 ft
1616 32ND ST W MINNEAPOLIS MN 55408	CITY OF MPLS	LAND-COMMERCIAL	$0	71 ft
3116 IRVING AVE S MINNEAPOLIS MN 55408	DIANE BRATVOLD	RESIDENTIAL	$656,400	92 ft
3132 IRVING AVE S MINNEAPOLIS MN 55408	TRIO DESIGN AND BUILD LLC	RESIDENTIAL-TWO UNIT	$584,500	92 ft
3136 IRVING AVE S MINNEAPOLIS MN 55408	T D ERICKSON/K M SOLOMONSON	RESIDENTIAL	$810,000	137 ft
3125 JAMES AVE S MINNEAPOLIS MN 55408	SARA LYNN BAKER	RESIDENTIAL	$696,100	141 ft
3123 JAMES AVE S MINNEAPOLIS MN 55408	LONNY D AUSETH TRUST	TRIPLEX	$837,400	148 ft
3129 JAMES AVE S MINNEAPOLIS MN 55408	D S HOLZMAN & B M MORRIS	RESIDENTIAL	$626,700	149 ft
3112 IRVING AVE S MINNEAPOLIS MN 55408	J NELSON & K MCCUSKEY	RESIDENTIAL	$307,000	155 ft

Property History

Most Recent Sale

Date199301

Price$159,305

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$10,731