3301 HOLMES AVE S MINNEAPOLIS MN 55408

PID: 0402824240128

Property Overview

Parcel ID0402824240128

Lot Size4,091 sq ft (0.094 ac)

Lot Dimensions (est.)127 ft wide × 32 ft deep

Year Built1907

Property ClassRESIDENTIAL

OwnerELGA R LIN REVOCABLE TRUST

Assessed Value$532,100

Land Value$216,000

Building Value$316,100

Annual Tax$8,318

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2019 · Most recent: Oct 2019 (existres)

ExistresOct 2019Closed

Standard 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

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 width114 ft

Buildable depth0 ft

Area~1,671 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,671 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3303 HOLMES AVE S MINNEAPOLIS MN 55408	NATHAN SCHMITT/KYRA SCHMITT	RESIDENTIAL	$822,400	36 ft
3307 HOLMES AVE S MINNEAPOLIS MN 55408	A M NAUGHTON RV LIV TR ET AL	RESIDENTIAL	$716,000	76 ft
1433 33RD ST W MINNEAPOLIS MN 55408	JULES AMEEL & ASHLIE A O'DAY	RESIDENTIAL	$351,500	97 ft
3253 HOLMES AVE S MINNEAPOLIS MN 55408	DAVID C KLINK & STACY KLINK	APARTMENT	$498,000	100 ft
3311 HOLMES AVE S MINNEAPOLIS MN 55408	D I LIEBERMAN & S D FENTON	RESIDENTIAL	$773,000	116 ft
3249 HOLMES AVE S MINNEAPOLIS MN 55408	MICHAEL J BAKALARS	RESIDENTIAL-TWO UNIT	$614,200	144 ft
3315 HOLMES AVE S MINNEAPOLIS MN 55408	DAVID D NORDRUM ETAL	RESIDENTIAL	$508,500	156 ft
3308 HENNEPIN AVE MINNEAPOLIS MN 55408	MICHAEL G RODDY	RESIDENTIAL	$357,600	158 ft
3300 HENNEPIN AVE MINNEAPOLIS MN 55408	SAMUEL NEARHOOD	RESIDENTIAL	$359,800	159 ft
3304 HENNEPIN AVE MINNEAPOLIS MN 55408	NIHAL SATISH BHAKTA	RESIDENTIAL	$364,600	163 ft

Property History

Most Recent Sale

Date200108

Price$372,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,318