3843 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823220028

Property Overview

Parcel ID0702823220028

Lot Size6,022 sq ft (0.138 ac)

Lot Dimensions (est.)155 ft wide × 39 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerWILLIE GIBSON

Assessed Value$230,000

Land Value$106,000

Building Value$124,000

Annual Tax$3,198

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,127/mo

Renter-occupied37.3%

Median home value$308K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1104

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth111 ft

Area~3,314 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 3,314 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3847 SNELLING AVE MINNEAPOLIS MN 55406	JAMES E SWARTWOOD	RESIDENTIAL	$165,500	40 ft
3839 SNELLING AVE MINNEAPOLIS MN 55406	KENNETH CALDWELL/LAURA JONES	RESIDENTIAL	$290,400	40 ft
3851 SNELLING AVE MINNEAPOLIS MN 55406	BCJ PROPERTIES LLC	RESIDENTIAL	$272,000	80 ft
3855 SNELLING AVE MINNEAPOLIS MN 55406	M B SEVERSON/S A LUBANSKI IV	RESIDENTIAL	$311,700	121 ft
3859 SNELLING AVE MINNEAPOLIS MN 55406	LYDIA BOERBOOM	RESIDENTIAL	$295,900	161 ft
3836 MINNEHAHA AVE MINNEAPOLIS MN 55406	STORE MASTER FUNDING VII LLC	COMMERCIAL-PREFERRED	$950,000	176 ft
3800 MINNEHAHA AVE MINNEAPOLIS MN 55406	SIMMONS MANOR APARTMENTS LLC	APARTMENT	$5,120,000	193 ft
3840 MINNEHAHA AVE MINNEAPOLIS MN 55406	DOS MANITAS LLC	VACANT LAND-RESIDENTIAL	$96,000	206 ft
3865 SNELLING AVE MINNEAPOLIS MN 55406	WENDY SHELLEY	RESIDENTIAL	$288,900	211 ft
3308 39TH ST E MINNEAPOLIS MN 55406	MARK D GREENLUND	RESIDENTIAL	$155,000	227 ft

Property History

Most Recent Sale

Date200406

Price$128,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$3,198