3509 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824420154

Property Overview

Parcel ID0402824420154

Lot Size5,673 sq ft (0.130 ac)

Lot Dimensions (est.)129 ft wide × 44 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerJ & J SHELTON

Assessed Value$406,300

Land Value$200,000

Building Value$206,300

Annual Tax$6,149

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

3 permits on record since 2017 · $6K total declared value · Most recent: Feb 2023 (existres)

ExistresFeb 2023Closed

Standard Heating and Air Conditioning Inc

RemodelSep 2020Closed

$6K

HOUSE LIFT REMODELER

ResJun 2017Closed

Weld and Sons Plumbing 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 depth95 ft

Area~3,022 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 3,022 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
3515 FREMONT AVE S MINNEAPOLIS MN 55408	ANTHONY ROKIS/KATHLEEN ROKIS	RESIDENTIAL	$525,400	42 ft
3505 FREMONT AVE S MINNEAPOLIS MN 55408	PETER TRUAX/RYAN COOPERGARD	RESIDENTIAL	$420,100	43 ft
3517 FREMONT AVE S MINNEAPOLIS MN 55408	J D PETERSON & C E PETERSON	RESIDENTIAL	$568,800	83 ft
3501 FREMONT AVE S MINNEAPOLIS MN 55408	THERESA ERNST	RESIDENTIAL	$318,500	85 ft
3521 FREMONT AVE S MINNEAPOLIS MN 55408	JACKSON NAUSS	RESIDENTIAL-TWO UNIT	$554,800	125 ft
3508 EMERSON AVE S MINNEAPOLIS MN 55408	PRALLE LIVING TRUST	CONDOMINIUM	$226,000	140 ft
3508 EMERSON AVE S MINNEAPOLIS MN 55408	C E ST CLAIR & T N ST CLAIR	CONDOMINIUM	$226,000	140 ft
3508 EMERSON AVE S MINNEAPOLIS MN 55408	CHRISTOPHER CUTLER DOZIER JR	CONDOMINIUM	$228,000	140 ft
3508 EMERSON AVE S MINNEAPOLIS MN 55408	L E SIDELL & P A SIDELL	CONDOMINIUM	$228,000	140 ft
MN	Unknown	—	—	140 ft

Property History

Current Tax Year

Year2026

Tax Due$6,149