3417 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824310056

Property Overview

Parcel ID0402824310056

Lot Size5,393 sq ft (0.124 ac)

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

Year Built1908

Property ClassRESIDENTIAL

OwnerJ D RYAN REV LIV TR/E SABES

Assessed Value$280,000

Land Value$271,000

Building Value$9,000

Annual Tax$4,020

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

No permits found in Minneapolis open data for this parcel.

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
3421 HUMBOLDT AVE S MINNEAPOLIS MN 55408	3421 HUMBOLDT AVENUE LLC	LOW INCOME RENTAL	$644,500	42 ft
3413 HUMBOLDT AVE S MINNEAPOLIS MN 55408	M J SWEENEY & W T BARON	RESIDENTIAL-TWO UNIT	$496,100	42 ft
3409 HUMBOLDT AVE S MINNEAPOLIS MN 55408	WILLIAM LOUIS ULRICH	RESIDENTIAL	$520,800	86 ft
3427 HUMBOLDT AVE S MINNEAPOLIS MN 55408	J L PATSCH & J M PATSCH	RESIDENTIAL-TWO UNIT	$871,300	117 ft
3405 HUMBOLDT AVE S MINNEAPOLIS MN 55408	CHRISTOPHER BROVELEIT	RESIDENTIAL-TWO UNIT	$584,300	129 ft
3416 HOLMES AVE S MINNEAPOLIS MN 55408	G N KLAGE & P C STEEGE	RESIDENTIAL	$547,800	140 ft
3412 HOLMES AVE S MINNEAPOLIS MN 55408	A P STANLEY & A K PEDERSON	RESIDENTIAL	$809,100	147 ft
3420 HOLMES AVE S MINNEAPOLIS MN 55408	R P GOLDMAN & P H GOLDMAN	RESIDENTIAL	$625,300	148 ft
3408 HOLMES AVE S MINNEAPOLIS MN 55408	BHARAT B PANT	RESIDENTIAL-TWO UNIT	$621,800	164 ft
3401 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JOHN P ELLIS	RESIDENTIAL	$430,700	170 ft

Property History

Current Tax Year

Year2026

Tax Due$4,020