3550 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 0402824420170

Property Overview

Parcel ID0402824420170

Lot Size5,418 sq ft (0.124 ac)

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

Year Built1907

Property ClassRESIDENTIAL

OwnerM D S GREY & J A GREY

Assessed Value$556,800

Land Value$196,000

Building Value$360,800

Annual Tax$8,819

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · $13K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Closed

$13K

Proficient Construction LLC

ExistresJun 2019Closed

Residential Heating and Air Conditioning 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
3544 FREMONT AVE S MINNEAPOLIS MN 55408	N GOFFARD & S SMALLWOOD	RESIDENTIAL	$556,800	42 ft
3552 FREMONT AVE S MINNEAPOLIS MN 55408	GILLIAN POGANY	RESIDENTIAL	$309,000	42 ft
3540 FREMONT AVE S MINNEAPOLIS MN 55408	MPLS UPTWN RENTALS 3540 LLC	RESIDENTIAL	$479,800	84 ft
3538 FREMONT AVE S MINNEAPOLIS MN 55408	HENNEPIN AVENUE LLC	APARTMENT	$882,000	126 ft
3549 GIRARD AVE S MINNEAPOLIS MN 55408	MICHAEL R DADY	RESIDENTIAL-TWO UNIT	$404,900	140 ft
3545 GIRARD AVE S MINNEAPOLIS MN 55408	VENICE PROJECTS LLC	RESIDENTIAL-TWO UNIT	$572,900	145 ft
3553 GIRARD AVE S MINNEAPOLIS MN 55408	R TANOUYE & N CREECH	RESIDENTIAL-TWO UNIT	$413,500	147 ft
3541 GIRARD AVE S MINNEAPOLIS MN 55408	RAYMOND H LARSON TRUST	RESIDENTIAL-TWO UNIT	$481,300	160 ft
3532 FREMONT AVE S MINNEAPOLIS MN 55408	JASON R LORD & C G KRAFFT	RESIDENTIAL	$521,900	169 ft
3537 GIRARD AVE S MINNEAPOLIS MN 55408	VICKI L HOOPER REV TRUST	RESIDENTIAL	$441,900	183 ft

Property History

Most Recent Sale

Date202210

Price$635,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,819