3021 JAMES AVE S MINNEAPOLIS MN 55408

PID: 0402824210243

Property Overview

Parcel ID0402824210243

Lot Size5,906 sq ft (0.136 ac)

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

Year Built1930

Property ClassCONDOMINIUM

OwnerGT COMPANIES LLC

Assessed Value$114,000

Land Value$27,000

Building Value$87,000

Annual Tax$1,758

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~3,181 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 3,181 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value
3021 JAMES AVE S MINNEAPOLIS MN 55408	GT COMPANIES LLC	CONDOMINIUM	$120,000
3021 JAMES AVE S MINNEAPOLIS MN 55408	GT COMPANIES LLC	CONDOMINIUM	$72,000
3021 JAMES AVE S MINNEAPOLIS MN 55408	GT COMPANIES LLC	CONDOMINIUM	$64,000
3021 JAMES AVE S MINNEAPOLIS MN 55408	GT COMPANIES LLC	CONDOMINIUM	$125,000
3021 JAMES AVE S MINNEAPOLIS MN 55408	G M LARSON & V G HERBST	CONDOMINIUM	$146,000
3021 JAMES AVE S MINNEAPOLIS MN 55408	GT COMPANIES LLC	CONDOMINIUM	$148,000
3021 JAMES AVE S MINNEAPOLIS MN 55408	GT COMPANIES LLC	CONDOMINIUM	$161,000
3021 JAMES AVE S MINNEAPOLIS MN 55408	GT COMPANIES LLC	CONDOMINIUM	$148,000
3021 JAMES AVE S MINNEAPOLIS MN 55408	GT COMPANIES LLC	CONDOMINIUM	$149,000
3021 JAMES AVE S MINNEAPOLIS MN 55408	GT COMPANIES LLC	CONDOMINIUM	$115,000

Property History

Most Recent Sale

Date202001

Price$1,047,000

TypeSALE INCLUDES MORE THAN ONE PARCEL

Current Tax Year

Year2026

Tax Due$1,758