3228 IRVING AVE S MINNEAPOLIS MN 55408

PID: 0402824240064

Property Overview

Parcel ID0402824240064

Lot Size5,446 sq ft (0.125 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1904

Property ClassRESIDENTIAL

OwnerCATHERINE G THOMPSON

Assessed Value$702,200

Land Value$289,000

Building Value$413,200

Annual Tax$11,537

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

9 permits on record since 2017 · $165K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Closed

$16K

RENEWAL BY ANDERSEN CORP

ResAug 2018Closed

Riverside Mechanical Inc

ResAug 2018Closed

TEAM MECHANICAL INC

ResJun 2018Closed

Vito Mechanical Inc

ExistresMay 2018Closed

NEIL 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 width32 ft

Buildable depth90 ft

Area~2,867 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 2,867 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3222 IRVING AVE S MINNEAPOLIS MN 55408	GARY KIBORT	RESIDENTIAL-TWO UNIT	$541,500	42 ft
3232 IRVING AVE S MINNEAPOLIS MN 55408	ALTON WAYNE PORTER	RESIDENTIAL	$760,800	42 ft
3220 IRVING AVE S MINNEAPOLIS MN 55408	CJR SYNDICATE LLC ET AL	TRIPLEX	$680,600	84 ft
3236 IRVING AVE S MINNEAPOLIS MN 55408	KATIE M FITZGERALD ET AL	RESIDENTIAL	$467,800	85 ft
1617 32ND ST W MINNEAPOLIS MN 55408	CITY OF MPLS	LAND-COMMERCIAL	$0	96 ft
3216 IRVING AVE S MINNEAPOLIS MN 55408	JANE K ANDERSON	RESIDENTIAL	$671,700	127 ft
3240 IRVING AVE S MINNEAPOLIS MN 55408	JOHN R FOSSUM & ERIN WILLIS	RESIDENTIAL	$417,700	127 ft
3244 IRVING AVE S MINNEAPOLIS MN 55408	CHARLES D NOLAN III	RESIDENTIAL	$718,600	169 ft
3212 IRVING AVE S MINNEAPOLIS MN 55408	L L JILEK & B L JILEK	RESIDENTIAL-TWO UNIT	$801,200	170 ft
3229 IRVING AVE S MINNEAPOLIS MN 55408	SOPHIE MALLEZ	RESIDENTIAL	$606,500	189 ft

Property History

Most Recent Sale

Date201706

Price$509,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,537