3149 JAMES AVE S MINNEAPOLIS MN 55408

PID: 0402824240004

Property Overview

Parcel ID0402824240004

Lot Size5,834 sq ft (0.134 ac)

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

Year Built1909

Property ClassRESIDENTIAL-TWO UNIT

OwnerT NORKUS-CRAMPTON ET AL

Assessed Value$590,000

Land Value$298,000

Building Value$292,000

Annual Tax$9,413

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

2 permits on record since 2024 · $10K total declared value · Most recent: Sep 2025 (existres)

ExistresSep 2025Closed

K & S Heating Air Conditioning & Plumbing Inc

MiscOct 2024Closed

$10K

Tim NORKUS-CRAMPTON

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth6 ft

Area~2,866 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 2,866 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3145 JAMES AVE S MINNEAPOLIS MN 55408	KERRY D VERMEER TRUST	RESIDENTIAL	$750,100	46 ft
3141 JAMES AVE S MINNEAPOLIS MN 55408	JANICE M LANE	RESIDENTIAL	$512,900	92 ft
3137 JAMES AVE S MINNEAPOLIS MN 55408	KURT C DEMEL	RESIDENTIAL	$694,800	137 ft
3148 IRVING AVE S MINNEAPOLIS MN 55408	J T MOE & N B POLLOCK	RESIDENTIAL	$607,800	141 ft
3144 IRVING AVE S MINNEAPOLIS MN 55408	J A LARSON & M A SMITH	RESIDENTIAL	$638,400	149 ft
1700 32ND ST W MINNEAPOLIS MN 55408	JON ENGLISH WICZLING	RESIDENTIAL	$530,800	151 ft
1617 32ND ST W MINNEAPOLIS MN 55408	M WILLIAMS & L MONTANARI	RESIDENTIAL	$683,700	168 ft
3140 IRVING AVE S MINNEAPOLIS MN 55408	J & J DUFRESNE	RESIDENTIAL	$462,400	169 ft
1611 32ND ST W MINNEAPOLIS MN 55408	R DEVET & C DEVET	RESIDENTIAL	$480,700	170 ft
1621 32ND ST W MINNEAPOLIS MN 55408	JOHN POLZER & CAROL POLZER	RESIDENTIAL	$602,800	176 ft

Property History

Most Recent Sale

Date199411

Price$150,700

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,413