3554 HOLMES AVE S MINNEAPOLIS MN 55408

PID: 0402824310145

Property Overview

Parcel ID0402824310145

Lot Size5,400 sq ft (0.124 ac)

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

Year Built1921

Property ClassRESIDENTIAL-TWO UNIT

OwnerJEREMIAH J DALE-WOODS

Assessed Value$526,100

Land Value$198,000

Building Value$328,100

Annual Tax$8,478

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2020 · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

ExistresJan 2020Closed

Airic's Heating & Air Conditioning Inc

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth2 ft

Area~2,568 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 2,568 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3548 HOLMES AVE S MINNEAPOLIS MN 55408	RUTH R CAIN	RESIDENTIAL	$394,100	42 ft
3546 HOLMES AVE S MINNEAPOLIS MN 55408	LUCY A THOMPSON TRUSTEE	RESIDENTIAL	$498,000	84 ft
1460 36TH ST W MINNEAPOLIS MN 55408	G M DOORNINK & J M DOORNINK	RESIDENTIAL	$202,100	96 ft
3540 HOLMES AVE S MINNEAPOLIS MN 55408	HEIDI G WELSCH REVOCABLE TR	VACANT LAND-RESIDENTIAL	$220,000	126 ft
3549 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JENNA IRENE WELO/LOUIS WELO	RESIDENTIAL	$373,600	146 ft
3553 HUMBOLDT AVE S MINNEAPOLIS MN 55408	ANNA CAVALLO & SHAWN KOESTER	RESIDENTIAL	$554,200	160 ft
3547 HUMBOLDT AVE S MINNEAPOLIS MN 55408	A D LEE & C A WILKINS	RESIDENTIAL	$668,700	163 ft
3536 HOLMES AVE S MINNEAPOLIS MN 55408	CYNTHIA R CURRAN TRUSTEE	RESIDENTIAL-TWO UNIT	$592,100	168 ft
3543 HUMBOLDT AVE S MINNEAPOLIS MN 55408	G O O'CONNOR & J W BERKOWITZ	RESIDENTIAL	$617,500	188 ft
3553 HOLMES AVE S MINNEAPOLIS MN 55408	LAWREN L MOOS ETAL	RESIDENTIAL-TWO UNIT	$492,300	195 ft

Property History

Most Recent Sale

Date200412

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,478