3133 JAMES AVE S MINNEAPOLIS MN 55408

PID: 0402824210145

Property Overview

Parcel ID0402824210145

Lot Size5,834 sq ft (0.134 ac)

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

Year Built1903

Property ClassTRIPLEX

OwnerD A HARVEY & G R BAKER

Assessed Value$791,700

Land Value$298,000

Building Value$493,700

Annual Tax$15,239

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 ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

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
3137 JAMES AVE S MINNEAPOLIS MN 55408	KURT C DEMEL	RESIDENTIAL	$694,800	46 ft
3129 JAMES AVE S MINNEAPOLIS MN 55408	D S HOLZMAN & B M MORRIS	RESIDENTIAL	$626,700	46 ft
3125 JAMES AVE S MINNEAPOLIS MN 55408	SARA LYNN BAKER	RESIDENTIAL	$696,100	92 ft
3141 JAMES AVE S MINNEAPOLIS MN 55408	JANICE M LANE	RESIDENTIAL	$512,900	92 ft
1616 32ND ST W MINNEAPOLIS MN 55408	CITY OF MPLS	LAND-COMMERCIAL	$0	115 ft
3123 JAMES AVE S MINNEAPOLIS MN 55408	LONNY D AUSETH TRUST	TRIPLEX	$837,400	137 ft
3145 JAMES AVE S MINNEAPOLIS MN 55408	KERRY D VERMEER TRUST	RESIDENTIAL	$750,100	137 ft
3132 IRVING AVE S MINNEAPOLIS MN 55408	TRIO DESIGN AND BUILD LLC	RESIDENTIAL-TWO UNIT	$584,500	141 ft
3128 IRVING AVE S MINNEAPOLIS MN 55408	NANCY BEAL WALLER REV TRUST	RESIDENTIAL	$725,600	148 ft
3136 IRVING AVE S MINNEAPOLIS MN 55408	T D ERICKSON/K M SOLOMONSON	RESIDENTIAL	$810,000	148 ft

Property History

Most Recent Sale

Date200801

Price$454,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$15,239