3408 IRVING AVE S MINNEAPOLIS MN 55408

PID: 0402824310004

Property Overview

Parcel ID0402824310004

Lot Size14,984 sq ft (0.344 ac)

Lot Dimensions (est.)234 ft wide × 64 ft deep

Year Built1903

Property ClassRESIDENTIAL-TWO UNIT

OwnerLESLIE LEIK REV LV TR ET AL

Assessed Value$1,009,000

Land Value$444,000

Building Value$565,000

Annual Tax$17,340

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

3 permits on record since 2001 · $124K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Closed

$6K

Paris Roofing LLC

ExistresJul 2018Closed

Patton Heating And Air Conditioning Inc

Building Re-inspectionJan 2001

$118K

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 width59 ft

Buildable depth177 ft

Area~10,340 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 10,340 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3412 IRVING AVE S MINNEAPOLIS MN 55408	P MORRISON & E MORRISON	RESIDENTIAL	$1,056,900	55 ft
3400 IRVING AVE S MINNEAPOLIS MN 55408	ANA E NUNEZ & JILL FOSTER	RESIDENTIAL	$1,285,600	68 ft
3416 IRVING AVE S MINNEAPOLIS MN 55408	TODD ANDREW BARRETT	RESIDENTIAL	$716,000	104 ft
1699 34TH ST W MINNEAPOLIS MN 55408	CITY OF MPLS PARK BOARD	LAND-COMMERCIAL	$0	143 ft
3420 IRVING AVE S MINNEAPOLIS MN 55408	B & M SABATKE	RESIDENTIAL	$656,500	147 ft
1618 CONIARIS WAY MINNEAPOLIS MN 55408	GREEK EASTERN ORTH CH MPLS	RESIDENTIAL	$0	175 ft
3424 IRVING AVE S MINNEAPOLIS MN 55408	GREEK EASTERN ORTHODOX CH/MN	RESIDENTIAL	$535,100	190 ft
3358 IRVING AVE S MINNEAPOLIS MN 55408	D J & K A MCINTOSH	RESIDENTIAL	$893,800	199 ft
3401 IRVING AVE S MINNEAPOLIS MN 55408	NATHAN AUL	RESIDENTIAL	$798,200	219 ft
3409 IRVING AVE S MINNEAPOLIS MN 55408	C J HUNDER & J H HUNDER	RESIDENTIAL	$553,400	233 ft

Property History

Most Recent Sale

Date198601

Price$166,300

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$17,340