3421 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824310055

Property Overview

Parcel ID0402824310055

Lot Size5,393 sq ft (0.124 ac)

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

Year Built1912

Property ClassLOW INCOME RENTAL

Owner3421 HUMBOLDT AVENUE LLC

Assessed Value$644,500

Land Value$271,000

Building Value$373,500

Annual Tax$2,484

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $23K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$15K

Gassen Construction

RemodelFeb 2021Closed

$9K

NORTHMAN EXTERIORS, LLC

ResApr 2018Closed

CenterPoint Energy Resource Corp

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 depth88 ft

Area~2,829 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 2,829 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
3417 HUMBOLDT AVE S MINNEAPOLIS MN 55408	J D RYAN REV LIV TR/E SABES	RESIDENTIAL	$280,000	42 ft
3427 HUMBOLDT AVE S MINNEAPOLIS MN 55408	J L PATSCH & J M PATSCH	RESIDENTIAL-TWO UNIT	$871,300	75 ft
3413 HUMBOLDT AVE S MINNEAPOLIS MN 55408	M J SWEENEY & W T BARON	RESIDENTIAL-TWO UNIT	$496,100	84 ft
3409 HUMBOLDT AVE S MINNEAPOLIS MN 55408	WILLIAM LOUIS ULRICH	RESIDENTIAL	$520,800	128 ft
3420 HOLMES AVE S MINNEAPOLIS MN 55408	R P GOLDMAN & P H GOLDMAN	RESIDENTIAL	$625,300	140 ft
3416 HOLMES AVE S MINNEAPOLIS MN 55408	G N KLAGE & P C STEEGE	RESIDENTIAL	$547,800	147 ft
3426 HOLMES AVE S MINNEAPOLIS MN 55408	C L THOMPSON JR/C A P THOMPS	RESIDENTIAL	$791,400	154 ft
3435 HUMBOLDT AVE S MINNEAPOLIS MN 55408	I A SCHONWALD/S G SCHONWALD	RESIDENTIAL	$708,800	159 ft
3412 HOLMES AVE S MINNEAPOLIS MN 55408	A P STANLEY & A K PEDERSON	RESIDENTIAL	$809,100	164 ft
3405 HUMBOLDT AVE S MINNEAPOLIS MN 55408	CHRISTOPHER BROVELEIT	RESIDENTIAL-TWO UNIT	$584,300	171 ft

Property History

Most Recent Sale

Date201808

Price$500,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,484