3500 HOLMES AVE S MINNEAPOLIS MN 55408

PID: 0402824310197

Property Overview

Parcel ID0402824310197

Lot Size7,408 sq ft (0.170 ac)

Lot Dimensions (est.)129 ft wide × 58 ft deep

Year Built1927

Property ClassRESIDENTIAL-TWO UNIT

OwnerP E OXMAN/H H ZUCKMAN TRUSTS

Assessed Value$899,400

Land Value$294,000

Building Value$605,400

Annual Tax$16,346

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

9 permits on record since 2018 · $257K total declared value · Most recent: Jul 2020 (misc)

MiscJul 2020Closed

$7K

KAUFMAN SHEET METAL ROOFING INC

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResFeb 2020Closed

CenterPoint Energy Resource Corp

TempheatJan 2019Closed

SWIFT HEATING & AIR CONDITIONING INC

ResDec 2018Closed

SWIFT 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 width116 ft

Buildable depth18 ft

Area~3,950 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 3,950 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
3506 HOLMES AVE S MINNEAPOLIS MN 55408	BECKY WAEGE/SCOTT ZASTOUPIL	RESIDENTIAL	$646,900	57 ft
3452 HOLMES AVE S MINNEAPOLIS MN 55408	SETH E & ERIKA L NELSON	RESIDENTIAL	$487,300	112 ft
3512 HOLMES AVE S MINNEAPOLIS MN 55408	T A H MCNARON TRUSTEE	RESIDENTIAL	$578,100	113 ft
1458 35TH ST W MINNEAPOLIS MN 55408	CAREN K DEWAR	RESIDENTIAL	$342,300	118 ft
3501 HUMBOLDT AVE S MINNEAPOLIS MN 55408	SUSAN PEPLOE	RESIDENTIAL-TWO UNIT	$691,800	140 ft
3505 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JOHN A KAFKAS ETAL	RESIDENTIAL-TWO UNIT	$684,100	145 ft
1445 35TH ST W MINNEAPOLIS MN 55408	ANNE M BRANDT-FONTAINE TRUST	RESIDENTIAL-TWO UNIT	$662,500	149 ft
3448 HOLMES AVE S MINNEAPOLIS MN 55408	E E MCGEEHAN & T L CUSTIS	RESIDENTIAL	$728,900	152 ft
3509 HUMBOLDT AVE S MINNEAPOLIS MN 55408	HELEN ANTHONY	RESIDENTIAL	$531,400	161 ft
3516 HOLMES AVE S MINNEAPOLIS MN 55408	LAMERE LIVING TRUST	RESIDENTIAL	$651,800	162 ft

Property History

Current Tax Year

Year2026

Tax Due$16,346