3247 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824240095

Property Overview

Parcel ID0402824240095

Lot Size5,447 sq ft (0.125 ac)

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

Year Built1902

Property ClassRESIDENTIAL

OwnerJAY A H JOYNER ET AL

Assessed Value$499,600

Land Value$271,000

Building Value$228,600

Annual Tax$7,682

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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~2,866 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

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3241 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ROBERTO DEVET ET AL	RESIDENTIAL-TWO UNIT	$567,800	42 ft
3249 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ROBYN ROBERSON	RESIDENTIAL	$1,154,900	43 ft
3253 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ANDREA HEIN & DAVID HEIN	RESIDENTIAL	$504,400	85 ft
3237 HUMBOLDT AVE S MINNEAPOLIS MN 55408	R E & L T OSMAN	RESIDENTIAL-TWO UNIT	$705,600	85 ft
3233 HUMBOLDT AVE S MINNEAPOLIS MN 55408	D SAMUELS & E S BERKELHAMER	RESIDENTIAL	$616,100	127 ft
1458 33RD ST W MINNEAPOLIS MN 55408	MSP MANAGEMENT LLC	RESIDENTIAL	$418,700	131 ft
3244 HOLMES AVE S MINNEAPOLIS MN 55408	ABIGAIL SHOFNER	RESIDENTIAL	$776,800	140 ft
3248 HOLMES AVE S MINNEAPOLIS MN 55408	D LE BAIL & F LE BAIL	RESIDENTIAL	$497,700	146 ft
3240 HOLMES AVE S MINNEAPOLIS MN 55408	A DAVID SADARE	RESIDENTIAL	$728,000	147 ft
3244 HUMBOLDT AVE S MINNEAPOLIS MN 55408	PAUL DUNNING/NATALIE DUNNING	RESIDENTIAL-TWO UNIT	$441,100	163 ft

Property History

Most Recent Sale

Date198601

Price$57,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,682