3923 SNELLING AVE MINNEAPOLIS MN 55406

PID: 0702823220074

Property Overview

Parcel ID0702823220074

Lot Size5,994 sq ft (0.138 ac)

Lot Dimensions (est.)150 ft wide × 40 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerMARISSA A GRIFFIN-LUNA ET AL

Assessed Value$347,500

Land Value$139,000

Building Value$208,500

Annual Tax$5,165

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

2 permits on record since 2021 · $10K total declared value · Most recent: Sep 2023 (res)

ResSep 2023Closed

CenterPoint Energy Resource Corp

MiscMay 2021Closed

$10K

Black Ladder Restoration LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Howe · 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

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 width30 ft

Buildable depth110 ft

Area~3,295 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 3,295 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3927 SNELLING AVE MINNEAPOLIS MN 55406	KRISTINE F MILLER	RESIDENTIAL-TWO UNIT	$328,200	40 ft
3915 SNELLING AVE MINNEAPOLIS MN 55406	ANDREA ROSE CHENEY	RESIDENTIAL	$282,000	60 ft
3931 SNELLING AVE MINNEAPOLIS MN 55406	PETER NGUYEN	RESIDENTIAL	$317,000	80 ft
3935 SNELLING AVE MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	120 ft
3911 SNELLING AVE MINNEAPOLIS MN 55406	ANDREA ROSE CHENEY	VACANT LAND-RESIDENTIAL	$105,000	120 ft
3939 SNELLING AVE MINNEAPOLIS MN 55406	RWG HOLDINGS LLC	RESIDENTIAL	$151,000	160 ft
3912 MINNEHAHA AVE MINNEAPOLIS MN 55406	PUTNAM PROPERTIES LLC	APARTMENT	$3,066,000	166 ft
3315 39TH ST E MINNEAPOLIS MN 55406	TAMALA L NYGAARD	RESIDENTIAL	$253,500	175 ft
MN	Unknown	—	—	183 ft
MN	Unknown	—	—	183 ft

Property History

Most Recent Sale

Date202109

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,165