3445 IRVING AVE S MINNEAPOLIS MN 55408

PID: 0402824310083

Property Overview

Parcel ID0402824310083

Lot Size8,847 sq ft (0.203 ac)

Lot Dimensions (est.)141 ft wide × 63 ft deep

Year Built1954

Property ClassRESIDENTIAL

OwnerJEFFREY WILSON REED TRE

Assessed Value$866,000

Land Value$355,000

Building Value$511,000

Annual Tax$14,634

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 2005 · $220K total declared value · Most recent: Dec 2024 (existres)

ExistresDec 2024Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

Building Re-inspectionAug 2005

$220K

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 width53 ft

Buildable depth100 ft

Area~5,322 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 5,322 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1518 35TH ST W MINNEAPOLIS MN 55408	MARY H MITHUN REV TRUST	RESIDENTIAL-TWO UNIT	$817,900	63 ft
3441 IRVING AVE S MINNEAPOLIS MN 55408	SAMANTHA J STRONG TR ET AL	RESIDENTIAL	$567,500	63 ft
3448 HUMBOLDT AVE S MINNEAPOLIS MN 55408	B T MCNICHOLS & J M WIENER	RESIDENTIAL	$496,600	134 ft
3438 HUMBOLDT AVE S MINNEAPOLIS MN 55408	C BOWRON & K KAALBERG	RESIDENTIAL	$793,300	146 ft
3427 IRVING AVE S MINNEAPOLIS MN 55408	M SMITH & P TADJMAN AKHAVAN	RESIDENTIAL	$961,600	147 ft
3452 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JOHN E WALKOWIAK JR	RESIDENTIAL	$754,800	149 ft
3501 IRVING AVE S MINNEAPOLIS MN 55408	GARY WELTON	RESIDENTIAL-TWO UNIT	$749,700	177 ft
3430 HUMBOLDT AVE S MINNEAPOLIS MN 55408	J MARCOTTY & A BROWN	RESIDENTIAL	$737,700	187 ft
3423 IRVING AVE S MINNEAPOLIS MN 55408	IRVING PHAMILE LLC	RESIDENTIAL-TWO UNIT	$699,100	220 ft
3500 HUMBOLDT AVE S MINNEAPOLIS MN 55408	MARY L HALL TRUSTEE	RESIDENTIAL-TWO UNIT	$771,700	221 ft

Property History

Most Recent Sale

Date199302

Price$177,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$14,634