3404 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824420088

Property Overview

Parcel ID0402824420088

Lot Size5,416 sq ft (0.124 ac)

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

Year Built1905

Property ClassRESIDENTIAL

OwnerN J THOMES ETAL

Assessed Value$391,900

Land Value$196,000

Building Value$195,900

Annual Tax$5,908

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

2 permits on record since 2018 · Most recent: Sep 2019 (res)

ResSep 2019Closed

Warners Stellian Co Inc

ExistresNov 2018Closed

CenterPoint Energy Resource Corp

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~2,845 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 2,845 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1305 34TH ST W MINNEAPOLIS MN 55408	DANNY S FREIER	RESIDENTIAL-TWO UNIT	$520,900	42 ft
3408 FREMONT AVE S MINNEAPOLIS MN 55408	J J PETERSON & K M PETERSON	RESIDENTIAL	$402,800	42 ft
3412 FREMONT AVE S MINNEAPOLIS MN 55408	C BAKER & B SNAWDER	RESIDENTIAL	$491,000	84 ft
3416 FREMONT AVE S MINNEAPOLIS MN 55408	LOIS A STROMVALL	RESIDENTIAL-TWO UNIT	$554,500	126 ft
3405 GIRARD AVE S MINNEAPOLIS MN 55408	G WIESSNER & C FITZGERALD	RESIDENTIAL	$497,200	140 ft
3401 GIRARD AVE S MINNEAPOLIS MN 55408	P & B J SCHWOB	RESIDENTIAL-TWO UNIT	$685,200	146 ft
3409 GIRARD AVE S MINNEAPOLIS MN 55408	3409 GIRARD LLC	RESIDENTIAL-TWO UNIT	$477,900	147 ft
3413 GIRARD AVE S MINNEAPOLIS MN 55408	HENGXI YANG & LIANG GONG	RESIDENTIAL-TWO UNIT	$637,700	164 ft
3350 FREMONT AVE S MINNEAPOLIS MN 55408	KEVIN KRAMP	RESIDENTIAL	$475,600	165 ft
1310 34TH ST W MINNEAPOLIS MN 55408	THE BENJAMIN REV LIV TRUST	RESIDENTIAL	$224,000	168 ft

Property History

Current Tax Year

Year2026

Tax Due$5,908