3524 HOLMES AVE S MINNEAPOLIS MN 55408

PID: 0402824310105

Property Overview

Parcel ID0402824310105

Lot Size5,400 sq ft (0.124 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerNATALIE GERSTENKORN WELSCH

Assessed Value$475,000

Land Value$249,000

Building Value$226,000

Annual Tax$7,300

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2022 · $58K total declared value · Most recent: Aug 2024 (res)

ResAug 2024Inspection

Dan's Sewer Service INC

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ResJan 2023Expired

BURNOMATIC

RemodelNov 2022Expired

$58K

Heidi G Welsch

ExistresOct 2022Closed

Ideal Air LLC

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 depth89 ft

Area~2,833 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 2,833 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
3520 HOLMES AVE S MINNEAPOLIS MN 55408	CONNOR M O'MEARA REV TRUST	TRIPLEX	$560,300	42 ft
3528 HOLMES AVE S MINNEAPOLIS MN 55408	ANDREW TILMAN & K ROSTVOLD	RESIDENTIAL	$541,800	42 ft
3516 HOLMES AVE S MINNEAPOLIS MN 55408	LAMERE LIVING TRUST	RESIDENTIAL	$651,800	84 ft
3532 HOLMES AVE S MINNEAPOLIS MN 55408	NJW LLC	RESIDENTIAL-TWO UNIT	$756,900	84 ft
3536 HOLMES AVE S MINNEAPOLIS MN 55408	CYNTHIA R CURRAN TRUSTEE	RESIDENTIAL-TWO UNIT	$592,100	126 ft
3512 HOLMES AVE S MINNEAPOLIS MN 55408	T A H MCNARON TRUSTEE	RESIDENTIAL	$578,100	133 ft
3525 HUMBOLDT AVE S MINNEAPOLIS MN 55408	STEPHEN L DIERINGER	RESIDENTIAL-TWO UNIT	$546,000	140 ft
3521 HUMBOLDT AVE S MINNEAPOLIS MN 55408	T H STRAND & D L JESSEN	RESIDENTIAL	$443,300	146 ft
3529 HUMBOLDT AVE S MINNEAPOLIS MN 55408	DEBORAH CHIN & ALFRED SOLIS	RESIDENTIAL	$703,300	147 ft
3517 HUMBOLDT AVE S MINNEAPOLIS MN 55408	O ALOWOOJA & G JOSEPH	RESIDENTIAL	$556,500	163 ft

Property History

Most Recent Sale

Date202308

Price$520,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,300