3241 IRVING AVE S MINNEAPOLIS MN 55408

PID: 0402824240081

Property Overview

Parcel ID0402824240081

Lot Size5,446 sq ft (0.125 ac)

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

Year Built1906

Property ClassRESIDENTIAL

OwnerSARAH F LANG TRUST

Assessed Value$743,100

Land Value$289,000

Building Value$454,100

Annual Tax$12,310

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

5 permits on record since 2006 · $160K total declared value · Most recent: Jan 2026 (res)

ResJan 2026Closed

Warners Stellian Co Inc

MiscJun 2022Closed

$16K

RENEWAL BY ANDERSEN CORP

MiscOct 2021Closed

$17K

eRoof LLC

ResAug 2021Closed

ROTO-ROOTER SERVICES CO

Building Re-inspectionMar 2006

$126K

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~2,865 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 2,865 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
3237 IRVING AVE S MINNEAPOLIS MN 55408	J R ROWADER JR & T M HARRIS	RESIDENTIAL	$740,300	42 ft
3245 IRVING AVE S MINNEAPOLIS MN 55408	J D ZIPES & C H DINES	RESIDENTIAL	$864,000	44 ft
3233 IRVING AVE S MINNEAPOLIS MN 55408	SARAH FATUROS	RESIDENTIAL	$715,200	85 ft
1510 33RD ST W MINNEAPOLIS MN 55408	R D KNOX & A G CHASE	RESIDENTIAL	$618,000	109 ft
3229 IRVING AVE S MINNEAPOLIS MN 55408	SOPHIE MALLEZ	RESIDENTIAL	$606,500	127 ft
3240 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JANET K KAKOS	RESIDENTIAL-TWO UNIT	$578,600	141 ft
3301 IRVING AVE S MINNEAPOLIS MN 55408	AARON SEERING/ANDREW NGUYEN	RESIDENTIAL-TWO UNIT	$624,700	146 ft
3236 HUMBOLDT AVE S MINNEAPOLIS MN 55408	AR REAL ESTATE LLC	RESIDENTIAL	$875,000	147 ft
3232 HUMBOLDT AVE S MINNEAPOLIS MN 55408	J STEWART & P DICAMPO	RESIDENTIAL	$733,600	164 ft
3225 IRVING AVE S MINNEAPOLIS MN 55408	K J MAURER & C HAGAN	RESIDENTIAL	$578,700	170 ft

Property History

Most Recent Sale

Date199404

Price$191,350

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$12,310