3029 FRANCE AVE S MINNEAPOLIS MN 55416

PID: 0502824220026

Property Overview

Parcel ID0502824220026

Lot Size29,895 sq ft (0.686 ac)

Lot Dimensions (est.)139 ft wide × 215 ft deep

Year Built1960

Property ClassAPARTMENT

OwnerWILLIAMSBURG LLC

Assessed Value$5,152,000

Land Value$1,196,800

Building Value$2,924,800

Annual Tax$81,941

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

West Maka Ska · Minneapolis

Median reported rent1,434/mo

Renter-occupied58.4%

Median home value$420K

Vacancy rate3.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1091

Market Snapshot

Zip code 55416

Median sale price$395K-8.1% YoY

Median price / sqft$246/sqft

Median days to close46 days

Active listings89

Source: Redfin Data Center (Invalid Date) · Zip 55416

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width124 ft

Buildable depth175 ft

Area~19,645 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 3-story wood frame (5–12 units) benchmarks for 19,645 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3028 EWING AVE S MINNEAPOLIS MN 55416	WILLIAMSBURG LLC	APARTMENT	$5,152,000	136 ft
3818 31ST ST W MINNEAPOLIS MN 55416	VENTURE 31 LLC	APARTMENT	$8,730,000	187 ft
3810 31ST ST W MINNEAPOLIS MN 55416	MANISH BOORUGU	CONDOMINIUM	$344,400	204 ft
3810 31ST ST W MINNEAPOLIS MN 55416	ALYSSA YAMATANI	CONDOMINIUM	$339,500	204 ft
3810 31ST ST W MINNEAPOLIS MN 55416	RICHARD HUDOCK	CONDOMINIUM	$336,600	204 ft
3810 31ST ST W MINNEAPOLIS MN 55416	CHERYL SCHIELE	CONDOMINIUM	$339,500	204 ft
3810 31ST ST W MINNEAPOLIS MN 55416	J S MIRSHARIF & S MIRSHARIF	CONDOMINIUM	$348,200	204 ft
3810 31ST ST W MINNEAPOLIS MN 55416	REBEKAH BUEGE	CONDOMINIUM	$355,000	204 ft
3810 31ST ST W MINNEAPOLIS MN 55416	C GUNDERSON & C E WARNER	CONDOMINIUM	$339,500	204 ft
3810 31ST ST W MINNEAPOLIS MN 55416	MARIA CHRISTU/KEVIN STAUNTON	CONDOMINIUM	$360,800	204 ft

Property History

Most Recent Sale

Date199605

Price$1,288,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$81,941