3521 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824310107

Property Overview

Parcel ID0402824310107

Lot Size5,398 sq ft (0.124 ac)

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

Year Built1906

Property ClassRESIDENTIAL

OwnerT H STRAND & D L JESSEN

Assessed Value$443,300

Land Value$271,000

Building Value$172,300

Annual Tax$6,768

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

4 permits on record since 2018 · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ExistresAug 2018Closed

WOODLAND STOVES & FIREPLACES

ResJan 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

ExistresJan 2018Closed

UPTOWN PLUMBING HEATING AND COOLING

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~2,832 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 2,832 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
3525 HUMBOLDT AVE S MINNEAPOLIS MN 55408	STEPHEN L DIERINGER	RESIDENTIAL-TWO UNIT	$546,000	42 ft
3517 HUMBOLDT AVE S MINNEAPOLIS MN 55408	O ALOWOOJA & G JOSEPH	RESIDENTIAL	$556,500	42 ft
3529 HUMBOLDT AVE S MINNEAPOLIS MN 55408	DEBORAH CHIN & ALFRED SOLIS	RESIDENTIAL	$703,300	84 ft
3515 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ERIN FRANCHON GLYNN	CONDOMINIUM	$359,000	84 ft
3515 HUMBOLDT AVE S MINNEAPOLIS MN 55408	C M GALLAHER & H E GALLAHER	CONDOMINIUM	$327,000	84 ft
MN	Unknown	—	—	84 ft
3509 HUMBOLDT AVE S MINNEAPOLIS MN 55408	HELEN ANTHONY	RESIDENTIAL	$531,400	126 ft
3533 HUMBOLDT AVE S MINNEAPOLIS MN 55408	LINDA A UNSWORTH TRUST	RESIDENTIAL	$561,000	126 ft
3520 HOLMES AVE S MINNEAPOLIS MN 55408	CONNOR M O'MEARA REV TRUST	TRIPLEX	$560,300	140 ft
3516 HOLMES AVE S MINNEAPOLIS MN 55408	LAMERE LIVING TRUST	RESIDENTIAL	$651,800	146 ft

Property History

Most Recent Sale

Date201710

Price$433,200

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,768