3409 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824310058

Property Overview

Parcel ID0402824310058

Lot Size5,907 sq ft (0.136 ac)

Lot Dimensions (est.)129 ft wide × 46 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerWILLIAM LOUIS ULRICH

Assessed Value$520,800

Land Value$282,000

Building Value$238,800

Annual Tax$8,104

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2004 · $125K total declared value · Most recent: Mar 2025 (existres)

ExistresMar 2025Closed

Standard Heating and Air Conditioning Inc

MiscJul 2024Expired

$3K

R & R Roofing INC

RemodelMay 2017Closed

$13K

William L Ulrich

Building Re-inspectionMay 2004

$110K

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 depth101 ft

Area~3,182 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 3,182 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3405 HUMBOLDT AVE S MINNEAPOLIS MN 55408	CHRISTOPHER BROVELEIT	RESIDENTIAL-TWO UNIT	$584,300	43 ft
3413 HUMBOLDT AVE S MINNEAPOLIS MN 55408	M J SWEENEY & W T BARON	RESIDENTIAL-TWO UNIT	$496,100	44 ft
3401 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JOHN P ELLIS	RESIDENTIAL	$430,700	84 ft
3417 HUMBOLDT AVE S MINNEAPOLIS MN 55408	J D RYAN REV LIV TR/E SABES	RESIDENTIAL	$280,000	86 ft
3421 HUMBOLDT AVE S MINNEAPOLIS MN 55408	3421 HUMBOLDT AVENUE LLC	LOW INCOME RENTAL	$644,500	128 ft
1459 34TH ST W MINNEAPOLIS MN 55408	T WILLIAMS & B N SEYKORA	RESIDENTIAL	$403,200	130 ft
3408 HOLMES AVE S MINNEAPOLIS MN 55408	BHARAT B PANT	RESIDENTIAL-TWO UNIT	$621,800	140 ft
3404 HOLMES AVE S MINNEAPOLIS MN 55408	HOLMES LLC	RESIDENTIAL-TWO UNIT	$639,300	146 ft
3412 HOLMES AVE S MINNEAPOLIS MN 55408	A P STANLEY & A K PEDERSON	RESIDENTIAL	$809,100	147 ft
3416 HOLMES AVE S MINNEAPOLIS MN 55408	G N KLAGE & P C STEEGE	RESIDENTIAL	$547,800	164 ft

Property History

Current Tax Year

Year2026

Tax Due$8,104