3505 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 0402824310111

Property Overview

Parcel ID0402824310111

Lot Size5,398 sq ft (0.124 ac)

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

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerJOHN A KAFKAS ETAL

Assessed Value$684,100

Land Value$271,000

Building Value$413,100

Annual Tax$11,236

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

20 permits on record since 2018 · $130K total declared value · Most recent: Mar 2026 (misc)

MiscMar 2026Final Inspection

$3K

LINDUS CONSTRUCTION

MiscAug 2025Closed

$52K

ERIE CONSTRUCTION MID WEST INC

ExistresJun 2025Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResJun 2025Cancelled

BONFES PLUMBING HEATING AND AIR SERVICE INC

ExistresNov 2024Closed

Hero Home Services 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~2,832 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
3509 HUMBOLDT AVE S MINNEAPOLIS MN 55408	HELEN ANTHONY	RESIDENTIAL	$531,400	42 ft
3501 HUMBOLDT AVE S MINNEAPOLIS MN 55408	SUSAN PEPLOE	RESIDENTIAL-TWO UNIT	$691,800	43 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
3517 HUMBOLDT AVE S MINNEAPOLIS MN 55408	O ALOWOOJA & G JOSEPH	RESIDENTIAL	$556,500	126 ft
3506 HOLMES AVE S MINNEAPOLIS MN 55408	BECKY WAEGE/SCOTT ZASTOUPIL	RESIDENTIAL	$646,900	142 ft
3500 HOLMES AVE S MINNEAPOLIS MN 55408	P E OXMAN/H H ZUCKMAN TRUSTS	RESIDENTIAL-TWO UNIT	$899,400	145 ft
1470 35TH ST W MINNEAPOLIS MN 55408	JUDITH PAULINE MURPHY REV TR	RESIDENTIAL	$858,200	146 ft
3512 HOLMES AVE S MINNEAPOLIS MN 55408	T A H MCNARON TRUSTEE	RESIDENTIAL	$578,100	160 ft

Property History

Current Tax Year

Year2026

Tax Due$11,236