3240 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824240077

Property Overview

Parcel ID0402824240077

Lot Size5,387 sq ft (0.124 ac)

Lot Dimensions (est.)128 ft wide × 42 ft deep

Year Built1912

Property ClassRESIDENTIAL-TWO UNIT

OwnerJANET K KAKOS

Assessed Value$578,600

Land Value$271,000

Building Value$307,600

Annual Tax$9,507

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 width32 ft

Buildable depth88 ft

Area~180 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 180 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3236 HUMBOLDT AVE S MINNEAPOLIS MN 55408	AR REAL ESTATE LLC	RESIDENTIAL	$875,000	42 ft
3244 HUMBOLDT AVE S MINNEAPOLIS MN 55408	PAUL DUNNING/NATALIE DUNNING	RESIDENTIAL-TWO UNIT	$441,100	50 ft
1510 33RD ST W MINNEAPOLIS MN 55408	R D KNOX & A G CHASE	RESIDENTIAL	$618,000	59 ft
3232 HUMBOLDT AVE S MINNEAPOLIS MN 55408	J STEWART & P DICAMPO	RESIDENTIAL	$733,600	85 ft
3228 HUMBOLDT AVE S MINNEAPOLIS MN 55408	G SAVAGE & G SAVAGE	RESIDENTIAL-TWO UNIT	$581,900	127 ft
3241 IRVING AVE S MINNEAPOLIS MN 55408	SARAH F LANG TRUST	RESIDENTIAL	$743,100	141 ft
3237 IRVING AVE S MINNEAPOLIS MN 55408	J R ROWADER JR & T M HARRIS	RESIDENTIAL	$740,300	147 ft
3245 IRVING AVE S MINNEAPOLIS MN 55408	J D ZIPES & C H DINES	RESIDENTIAL	$864,000	148 ft
1507 33RD ST W MINNEAPOLIS MN 55408	DANA LEA KOZLAK	RESIDENTIAL	$287,200	161 ft
3233 IRVING AVE S MINNEAPOLIS MN 55408	SARAH FATUROS	RESIDENTIAL	$715,200	164 ft

Property History

Current Tax Year

Year2026

Tax Due$9,507