3454 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824420107

Property Overview

Parcel ID0402824420107

Lot Size5,417 sq ft (0.124 ac)

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

Year Built1927

Property ClassRESIDENTIAL-TWO UNIT

OwnerL GOLDTHWAITE AND M WIRSING

Assessed Value$732,100

Land Value$196,000

Building Value$536,100

Annual Tax$12,148

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

8 permits on record since 2005 · $144K total declared value · Most recent: Jun 2023 (misc)

MiscJun 2023Closed

$38K

LIBERTE CONSTRUCTION LLC

ResAug 2021Closed

SODERLIN PLUMBING HEATING AND AIR

ResJan 2019Closed

Warners Stellian Co Inc

ResOct 2018Closed

Hearth and Home Technologies LLC

ResJan 2017Closed

CENTERPOINT ENERGY

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

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 depth2 ft

Area~2,580 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 2,580 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
3450 FREMONT AVE S MINNEAPOLIS MN 55408	VINCENT HAYES	RESIDENTIAL	$324,200	42 ft
3444 FREMONT AVE S MINNEAPOLIS MN 55408	SARAH CHILGREN LIVING TRUST	TRIPLEX	$589,700	84 ft
3500 FREMONT AVE S MINNEAPOLIS MN 55408	ANGELA MILLER	RESIDENTIAL	$389,600	103 ft
3440 FREMONT AVE S MINNEAPOLIS MN 55408	M D DEWALD & M L BIRCH	RESIDENTIAL	$690,600	126 ft
3455 GIRARD AVE S MINNEAPOLIS MN 55408	TERRY FOREHAND	APARTMENT	$653,000	140 ft
3504 FREMONT AVE S MINNEAPOLIS MN 55408	LYNDA B GALARNEAU	RESIDENTIAL	$471,100	144 ft
3451 GIRARD AVE S MINNEAPOLIS MN 55408	JEANNE M KJELLBERG STUART	RESIDENTIAL	$415,300	146 ft
1315 35TH ST W MINNEAPOLIS MN 55408	K S HETZLER & J E OLESON	RESIDENTIAL	$310,600	148 ft
3445 GIRARD AVE S MINNEAPOLIS MN 55408	T M LAUER & T L HILLSTROM	RESIDENTIAL	$442,200	163 ft
3436 FREMONT AVE S MINNEAPOLIS MN 55408	BRYAN B RICE	RESIDENTIAL	$738,800	168 ft

Property History

Most Recent Sale

Date202310

Price$749,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,148