3349 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824240246

Property Overview

Parcel ID0402824240246

Lot Size3,541 sq ft (0.081 ac)

Lot Dimensions (est.)89 ft wide × 40 ft deep

Year Built1916

Property ClassRESIDENTIAL-TWO UNIT

OwnerG R AYLWARD & E AYLWARD

Assessed Value$574,500

Land Value$215,000

Building Value$359,500

Annual Tax$9,120

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

2 permits on record since 2020 · Most recent: Aug 2020 (existres)

ExistresAug 2020Closed

ST PAUL PLUMBING AND HEATING CO INC

ExistresAug 2020Closed

ST PAUL PLUMBING AND HEATING CO 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 width76 ft

Buildable depth0 ft

Area~1,309 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 1,309 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3343 HUMBOLDT AVE S MINNEAPOLIS MN 55408	T L THOMPSON & J IM	RESIDENTIAL	$566,300	45 ft
1460 34TH ST W MINNEAPOLIS MN 55408	MADELEINE CONWAY	RESIDENTIAL	$400,600	64 ft
3339 HUMBOLDT AVE S MINNEAPOLIS MN 55408	KAROLINE LEWIS ET AL	RESIDENTIAL	$577,600	82 ft
3335 HUMBOLDT AVE S MINNEAPOLIS MN 55408	N C BIRCH & J L EIESLAND	RESIDENTIAL	$543,600	122 ft
3401 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JOHN P ELLIS	RESIDENTIAL	$430,700	123 ft
3354 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ERIN A COHEN/BENJAMIN COHEN	RESIDENTIAL	$633,700	143 ft
3346 HOLMES AVE S MINNEAPOLIS MN 55408	MICHAEL MEYER/THERESE MEYER	RESIDENTIAL	$880,700	160 ft
3331 HUMBOLDT AVE S MINNEAPOLIS MN 55408	THOMAS P MUSCALA	RESIDENTIAL-TWO UNIT	$614,700	161 ft
3405 HUMBOLDT AVE S MINNEAPOLIS MN 55408	CHRISTOPHER BROVELEIT	RESIDENTIAL-TWO UNIT	$584,300	163 ft
3342 HOLMES AVE S MINNEAPOLIS MN 55408	W R SCHWARTZ & K R SCHWARTZ	RESIDENTIAL	$528,000	165 ft

Property History

Current Tax Year

Year2026

Tax Due$9,120