3124 JAMES AVE S MINNEAPOLIS MN 55408

PID: 0402824220055

Property Overview

Parcel ID0402824220055

Lot Size5,878 sq ft (0.135 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerM C GAST & J CHRISTENSON

Assessed Value$647,800

Land Value$300,000

Building Value$347,800

Annual Tax$10,507

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · Most recent: Oct 2024 (existres)

ExistresOct 2024Closed

Standard Heating and Air Conditioning Inc

ResJul 2019Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResFeb 2019Closed

WOODLAND STOVES & FIREPLACES

ExistresJul 2017Closed

Standard Heating and Air Conditioning Inc

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 depth88 ft

Area~3,163 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 3,163 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3120 JAMES AVE S MINNEAPOLIS MN 55408	B B CANTLON & K E BURGER	RESIDENTIAL	$763,200	46 ft
3128 JAMES AVE S MINNEAPOLIS MN 55408	KALE FAMILY REVOCABLE TRUST	RESIDENTIAL	$785,600	46 ft
3132 JAMES AVE S MINNEAPOLIS MN 55408	3132 JAMES AVE LLC	RESIDENTIAL-TWO UNIT	$747,700	91 ft
3116 JAMES AVE S MINNEAPOLIS MN 55408	MATTHEW MENARD/HEATHER STONE	RESIDENTIAL	$1,015,000	92 ft
3136 JAMES AVE S MINNEAPOLIS MN 55408	ROBERT T KEAN LIVING TRUST	RESIDENTIAL	$699,600	137 ft
3112 JAMES AVE S MINNEAPOLIS MN 55408	WALTER RUSH IV	RESIDENTIAL	$733,800	138 ft
3131 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	J H BARNSTEINER ET AL TRSTES	RESIDENTIAL	$1,051,100	169 ft
3125 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	AMY A WOLFORD	RESIDENTIAL	$1,629,700	172 ft
3133 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	MICHAEL D KELLER REVOC TRUST	RESIDENTIAL	$871,900	179 ft
3108 JAMES AVE S MINNEAPOLIS MN 55408	T PAOLUCCI & L ERICKSON	RESIDENTIAL	$632,700	183 ft

Property History

Most Recent Sale

Date199304

Price$141,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$10,507