3034 KNOX AVE S MINNEAPOLIS MN 55408

PID: 0402824220027

Property Overview

Parcel ID0402824220027

Lot Size4,606 sq ft (0.106 ac)

Lot Dimensions (est.)128 ft wide × 36 ft deep

Year Built1908

Property ClassAPARTMENT

OwnerREARDON PROPERTIES LLC

Assessed Value$635,000

Land Value$149,900

Building Value$167,600

Annual Tax$7,231

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

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 depth60 ft

Area~347 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 sfr / adu benchmarks for 347 sqft buildable area.

Est. units

Yield on cost

4.4%

Spread

-1.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3036 KNOX AVE S MINNEAPOLIS MN 55408	DAVID G TOMPKINS	RESIDENTIAL	$520,400	44 ft
3028 KNOX AVE S MINNEAPOLIS MN 55408	BURKE SHEPHERD JOINT TRUST	RESIDENTIAL	$586,100	48 ft
3024 KNOX AVE S MINNEAPOLIS MN 55408	R MAHESHWARI & J OYAKHIRE	RESIDENTIAL-TWO UNIT	$594,400	93 ft
1800 31ST ST W MINNEAPOLIS MN 55408	JENNY BOURNE	RESIDENTIAL	$753,400	120 ft
3043 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	IRENE E GROSSBACH LVNG TRUST	RESIDENTIAL	$537,900	127 ft
1808 31ST ST W MINNEAPOLIS MN 55408	T J ZELLMER & L M ZELLMER	TRIPLEX	$928,700	127 ft
3033 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	BELLE LOUISE BERGERUD	CONDOMINIUM	$295,000	134 ft
3033 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	HARRY T POULOS	CONDOMINIUM	$323,000	134 ft
3033 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	ELIZABETH ANN SOLIE	CONDOMINIUM	$291,000	134 ft
MN	Unknown	—	—	134 ft

Property History

Most Recent Sale

Date201704

Price$633,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,231