3831 WAVELAND TER MINNEAPOLIS MN 55410

PID: 0802824320119

Property Overview

Parcel ID0802824320119

Lot Size6,160 sq ft (0.141 ac)

Lot Dimensions (est.)128 ft wide × 48 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerBRYCE A JOHNSON ET AL

Assessed Value$612,600

Land Value$237,000

Building Value$375,600

Annual Tax$9,842

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

4 permits on record since 2017 · $366K total declared value · Most recent: Dec 2017 (res)

ResDec 2017Closed

H and H Plumbing

NewresDec 2017Closed

$28K

Heating and Cooling Two Inc

ResDec 2017Closed

Heating and Cooling Two Inc

AdditionSep 2017Closed

$337K

TREND SETTER HOMES AND REMODELING INC

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

Neighborhood Profile

Minneapolis

Median reported rent1,497/mo

Renter-occupied23.6%

Median home value$666K

Vacancy rate2.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1098

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

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 width113 ft

Buildable depth8 ft

Area~2,911 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 2,911 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
3825 WAVELAND TER MINNEAPOLIS MN 55410	RIBNICK LIVING TRUST	RESIDENTIAL	$424,800	53 ft
3821 WAVELAND TER MINNEAPOLIS MN 55410	A R HOFFMAN & L A HOFFMAN	RESIDENTIAL	$576,600	99 ft
4309 FRANCE AVE S MINNEAPOLIS MN 55410	LINEA M PALMISANO	RESIDENTIAL	$493,000	119 ft
3817 WAVELAND TER MINNEAPOLIS MN 55410	ALAN R OLSON	RESIDENTIAL	$513,500	146 ft
3814 COLGATE AVE MINNEAPOLIS MN 55410	JASON HORN & E M DUMAS	RESIDENTIAL	$847,000	147 ft
4311 FRANCE AVE S MINNEAPOLIS MN 55410	PAUL HOFRENNING	RESIDENTIAL-TWO UNIT	$529,300	166 ft
3818 WAVELAND TER MINNEAPOLIS MN 55410	PETER ELSHAM & LEAH ELSHAM	RESIDENTIAL	$771,200	180 ft
3815 WAVELAND TER MINNEAPOLIS MN 55410	JAMES MAHONEY & K MAHONEY	RESIDENTIAL	$521,500	193 ft
3810 COLGATE AVE MINNEAPOLIS MN 55410	THOMAS F PINGATORE	RESIDENTIAL	$505,000	194 ft
4300 FRANCE AVE S EDINA MN 55410	JUDITH A JOHNSON	RESIDENTIAL	$492,700	210 ft

Property History

Most Recent Sale

Date199904

Price$152,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,842