3137 JAMES AVE S MINNEAPOLIS MN 55408

PID: 0402824210144

Property Overview

Parcel ID0402824210144

Lot Size5,834 sq ft (0.134 ac)

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

Year Built1903

Property ClassRESIDENTIAL

OwnerKURT C DEMEL

Assessed Value$694,800

Land Value$298,000

Building Value$396,800

Annual Tax$11,396

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

2 permits on record since 2005 · $162K total declared value · Most recent: Jan 2020 (misc)

MiscJan 2020Closed

$12K

SCHERER BROTHERS LUMBER CO

Building Re-inspectionApr 2005

$150K

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~3,128 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 3,128 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
3141 JAMES AVE S MINNEAPOLIS MN 55408	JANICE M LANE	RESIDENTIAL	$512,900	46 ft
3133 JAMES AVE S MINNEAPOLIS MN 55408	D A HARVEY & G R BAKER	TRIPLEX	$791,700	46 ft
3145 JAMES AVE S MINNEAPOLIS MN 55408	KERRY D VERMEER TRUST	RESIDENTIAL	$750,100	91 ft
3129 JAMES AVE S MINNEAPOLIS MN 55408	D S HOLZMAN & B M MORRIS	RESIDENTIAL	$626,700	92 ft
3149 JAMES AVE S MINNEAPOLIS MN 55408	T NORKUS-CRAMPTON ET AL	RESIDENTIAL-TWO UNIT	$590,000	137 ft
3125 JAMES AVE S MINNEAPOLIS MN 55408	SARA LYNN BAKER	RESIDENTIAL	$696,100	138 ft
3136 IRVING AVE S MINNEAPOLIS MN 55408	T D ERICKSON/K M SOLOMONSON	RESIDENTIAL	$810,000	141 ft
3140 IRVING AVE S MINNEAPOLIS MN 55408	J & J DUFRESNE	RESIDENTIAL	$462,400	148 ft
3132 IRVING AVE S MINNEAPOLIS MN 55408	TRIO DESIGN AND BUILD LLC	RESIDENTIAL-TWO UNIT	$584,500	149 ft
1616 32ND ST W MINNEAPOLIS MN 55408	CITY OF MPLS	LAND-COMMERCIAL	$0	154 ft

Property History

Most Recent Sale

Date201508

Price$583,350

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,396