3253 RUSSELL AVE N MINNEAPOLIS MN 55412

PID: 0802924140002

Property Overview

Parcel ID0802924140002

Lot Size5,104 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1942

Property Class—

OwnerCITY LAKES COMM LAND TRUST

Assessed Value$238,300

Land Value$32,000

Building Value$206,300

Annual Tax$4,340

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 rent2,095/mo

Renter-occupied19.2%

Median home value$227K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1007

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,628 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 sfr / adu benchmarks for 2,628 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3257 RUSSELL AVE N MINNEAPOLIS MN 55412	KESHA ALICIA ROYAL	RESIDENTIAL	$233,100	40 ft
3249 RUSSELL AVE N MINNEAPOLIS MN 55412	BARRETT J JOHANNESON	RESIDENTIAL	$303,600	40 ft
3245 RUSSELL AVE N MINNEAPOLIS MN 55412	HEITKAMP PROPERTIES LLC	RESIDENTIAL	$186,000	80 ft
3241 RUSSELL AVE N MINNEAPOLIS MN 55412	AMANDA ROBINSON	RESIDENTIAL	$353,000	120 ft
3301 RUSSELL AVE N MINNEAPOLIS MN 55412	OUTLOOK ESTATES LLC	RESIDENTIAL	$99,000	140 ft
3252 SHERIDAN AVE N MINNEAPOLIS MN 55412	TADEO JAUREGUI	RESIDENTIAL	$160,600	141 ft
3248 SHERIDAN AVE N MINNEAPOLIS MN 55412	JESSIE MOSBY ET AL	RESIDENTIAL	$94,000	147 ft
3256 SHERIDAN AVE N MINNEAPOLIS MN 55412	DSHONTE CARTER	RESIDENTIAL	$181,800	147 ft
3237 RUSSELL AVE N MINNEAPOLIS MN 55412	KATELYN MOLDAN	RESIDENTIAL	$152,000	160 ft
3244 SHERIDAN AVE N MINNEAPOLIS MN 55412	CIRILO O SANTANA FLORES	RESIDENTIAL	$166,000	162 ft

Property History

Most Recent Sale

Date201702

Price$50,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,340