3132 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824210148

Property Overview

Parcel ID0402824210148

Lot Size5,883 sq ft (0.135 ac)

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

Year Built1912

Property ClassRESIDENTIAL-TWO UNIT

OwnerKORHAN YESIL

Assessed Value$588,300

Land Value$258,000

Building Value$330,300

Annual Tax$11,129

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

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~3,166 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 3,166 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
3128 HUMBOLDT AVE S MINNEAPOLIS MN 55408	DORIAN SKY DOUGLAS	RESIDENTIAL	$822,700	46 ft
3136 HUMBOLDT AVE S MINNEAPOLIS MN 55408	KARA M PAYMAR TRUST	RESIDENTIAL-TWO UNIT	$717,200	46 ft
3124 HUMBOLDT AVE S MINNEAPOLIS MN 55408	WILLIAM D SUMMERVILLE	RESIDENTIAL	$495,800	92 ft
3140 HUMBOLDT AVE S MINNEAPOLIS MN 55408	REBECCA LEE JOHNSON	RESIDENTIAL	$697,200	92 ft
3144 HUMBOLDT AVE S MINNEAPOLIS MN 55408	BRADLEY L ALBERTSON	RESIDENTIAL	$514,800	137 ft
3120 HUMBOLDT AVE S MINNEAPOLIS MN 55408	MELISSA A BRANDL	CONDOMINIUM	$272,000	138 ft
3120 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ELIZABETH STUURMANS	CONDOMINIUM	$265,000	138 ft
3120 HUMBOLDT AVE S MINNEAPOLIS MN 55408	MICHAEL H ROBINS	CONDOMINIUM	$268,000	138 ft
3120 HUMBOLDT AVE S MINNEAPOLIS MN 55408	NATHAN E CARTER	CONDOMINIUM	$279,000	138 ft
MN	Unknown	—	—	138 ft

Property History

Most Recent Sale

Date202212

Price$515,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$11,129