3444 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824420105

Property Overview

Parcel ID0402824420105

Lot Size5,417 sq ft (0.124 ac)

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

Year Built1920

Property ClassTRIPLEX

OwnerSARAH CHILGREN LIVING TRUST

Assessed Value$589,700

Land Value$196,000

Building Value$393,700

Annual Tax$11,198

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2025 · $14K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$14K

CRAFTSMAN'S CHOICE INC

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~2,846 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 2,846 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
3440 FREMONT AVE S MINNEAPOLIS MN 55408	M D DEWALD & M L BIRCH	RESIDENTIAL	$690,600	42 ft
3450 FREMONT AVE S MINNEAPOLIS MN 55408	VINCENT HAYES	RESIDENTIAL	$324,200	42 ft
3436 FREMONT AVE S MINNEAPOLIS MN 55408	BRYAN B RICE	RESIDENTIAL	$738,800	84 ft
3454 FREMONT AVE S MINNEAPOLIS MN 55408	L GOLDTHWAITE AND M WIRSING	RESIDENTIAL-TWO UNIT	$732,100	84 ft
3432 FREMONT AVE S MINNEAPOLIS MN 55408	IVY APRIL HANSON	RESIDENTIAL	$453,400	126 ft
3445 GIRARD AVE S MINNEAPOLIS MN 55408	T M LAUER & T L HILLSTROM	RESIDENTIAL	$442,200	140 ft
3451 GIRARD AVE S MINNEAPOLIS MN 55408	JEANNE M KJELLBERG STUART	RESIDENTIAL	$415,300	147 ft
3441 GIRARD AVE S MINNEAPOLIS MN 55408	NISTLER FAMILY TRUST	RESIDENTIAL	$442,700	147 ft
3437 GIRARD AVE S MINNEAPOLIS MN 55408	CARTER KONZ	RESIDENTIAL	$411,000	163 ft
3455 GIRARD AVE S MINNEAPOLIS MN 55408	TERRY FOREHAND	APARTMENT	$653,000	164 ft

Property History

Most Recent Sale

Date200306

Price$270,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,198