3432 HOLMES AVE S MINNEAPOLIS MN 55408

PID: 0402824310086

Property Overview

Parcel ID0402824310086

Lot Size6,682 sq ft (0.153 ac)

Lot Dimensions (est.)129 ft wide × 52 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerJUDITH R ZAUNBRECHER TRUST

Assessed Value$645,400

Land Value$280,000

Building Value$365,400

Annual Tax$10,462

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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 width42 ft

Buildable depth89 ft

Area~3,716 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 3,716 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
3436 HOLMES AVE S MINNEAPOLIS MN 55408	K J WRIGHT & P M SCHMIT	RESIDENTIAL	$649,200	47 ft
3426 HOLMES AVE S MINNEAPOLIS MN 55408	C L THOMPSON JR/C A P THOMPS	RESIDENTIAL	$791,400	56 ft
3442 HOLMES AVE S MINNEAPOLIS MN 55408	B BURGSTAHLER/L BURGSTAHLER	RESIDENTIAL	$543,000	89 ft
3420 HOLMES AVE S MINNEAPOLIS MN 55408	R P GOLDMAN & P H GOLDMAN	RESIDENTIAL	$625,300	114 ft
3444 HOLMES AVE S MINNEAPOLIS MN 55408	JAMES W PAUL/SANDRA M PAUL	RESIDENTIAL	$587,200	131 ft
3435 HUMBOLDT AVE S MINNEAPOLIS MN 55408	I A SCHONWALD/S G SCHONWALD	RESIDENTIAL	$708,800	146 ft
3427 HUMBOLDT AVE S MINNEAPOLIS MN 55408	J L PATSCH & J M PATSCH	RESIDENTIAL-TWO UNIT	$871,300	147 ft
3416 HOLMES AVE S MINNEAPOLIS MN 55408	G N KLAGE & P C STEEGE	RESIDENTIAL	$547,800	163 ft
3441 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ROBERTA S KELLER	RESIDENTIAL	$438,400	167 ft
3448 HOLMES AVE S MINNEAPOLIS MN 55408	E E MCGEEHAN & T L CUSTIS	RESIDENTIAL	$728,900	173 ft

Property History

Most Recent Sale

Date202105

Price$735,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$10,462