3421 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824420081

Property Overview

Parcel ID0402824420081

Lot Size5,413 sq ft (0.124 ac)

Lot Dimensions (est.)129 ft wide × 42 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerHOLLY GARDNER

Assessed Value$404,200

Land Value$196,000

Building Value$208,200

Annual Tax$6,114

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $6K total declared value · Most recent: Oct 2019 (misc)

MiscOct 2019Closed

$6K

NORTHRUP REMODELING

ResMay 2017Closed

Linn Star Transfer Inc

ResMar 2017Closed

Noah Acquistions LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

South Uptown · Minneapolis

Median reported rent1,188/mo

Renter-occupied69.2%

Median home value$289K

Vacancy rate4.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1092

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~2,843 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 2,843 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3425 FREMONT AVE S MINNEAPOLIS MN 55408	BECKER BOYER REV FAMILY TR	RESIDENTIAL	$546,200	42 ft
3417 FREMONT AVE S MINNEAPOLIS MN 55408	ELIZABETH M PARKER	RESIDENTIAL	$512,800	42 ft
3415 FREMONT AVE S MINNEAPOLIS MN 55408	CARRIE J MAGNUSON REV TRUST	RESIDENTIAL	$360,000	84 ft
3429 FREMONT AVE S MINNEAPOLIS MN 55408	K M SAUNDERS & K A SAUNDERSQ	RESIDENTIAL	$415,000	84 ft
3409 FREMONT AVE S MINNEAPOLIS MN 55408	B K WASHBURN & A E DORMAN	RESIDENTIAL	$646,800	126 ft
3433 FREMONT AVE S MINNEAPOLIS MN 55408	ADAM JONAS & RACHEL HUTTON	RESIDENTIAL	$388,200	126 ft
3418 EMERSON AVE S MINNEAPOLIS MN 55408	3418 EMERSON AVE PARTNERSHIP	APARTMENT	$2,484,000	142 ft
3424 EMERSON AVE S MINNEAPOLIS MN 55408	G HOLCOMB & M VANG	RESIDENTIAL	$458,000	146 ft
3437 FREMONT AVE S MINNEAPOLIS MN 55408	B N POFAHL & E GUETTLER	RESIDENTIAL	$583,000	168 ft
3407 FREMONT AVE S MINNEAPOLIS MN 55408	EVAN CEGLAR	RESIDENTIAL-TWO UNIT	$672,900	169 ft

Property History

Most Recent Sale

Date202505

Price$540,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,114