3229 RUSSELL AVE N MINNEAPOLIS MN 55412

PID: 0802924140008

Property Overview

Parcel ID0802924140008

Lot Size5,106 sq ft (0.117 ac)

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

Year Built1929

Property ClassRESIDENTIAL

OwnerDANIEL HOFFSTROM

Assessed Value$168,000

Land Value$32,000

Building Value$136,000

Annual Tax$2,141

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

1 permit on record since 2018 · Most recent: Jul 2018 (existres)

ExistresJul 2018Closed

Heating & Cooling Exxperts LLC

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

Neighborhood Profile

Cleveland · 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

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 depth88 ft

Area~2,629 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 2,629 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3233 RUSSELL AVE N MINNEAPOLIS MN 55412	E G PARRA & M D BAUTCH	RESIDENTIAL	$292,600	40 ft
3225 RUSSELL AVE N MINNEAPOLIS MN 55412	MICHAEL ANDERSON	RESIDENTIAL	$137,000	40 ft
3237 RUSSELL AVE N MINNEAPOLIS MN 55412	KATELYN MOLDAN	RESIDENTIAL	$152,000	80 ft
3221 RUSSELL AVE N MINNEAPOLIS MN 55412	TE PROPERTIES 1 LLC	RESIDENTIAL	$246,300	80 ft
3241 RUSSELL AVE N MINNEAPOLIS MN 55412	AMANDA ROBINSON	RESIDENTIAL	$353,000	120 ft
3217 RUSSELL AVE N MINNEAPOLIS MN 55412	JOHNNY HYATT	RESIDENTIAL	$190,400	120 ft
3228 SHERIDAN AVE N MINNEAPOLIS MN 55412	ANTHONY BLUM	RESIDENTIAL	$144,000	141 ft
3224 SHERIDAN AVE N MINNEAPOLIS MN 55412	ALEXANDER ROSS & JULIE ROSS	RESIDENTIAL	$194,900	147 ft
3232 SHERIDAN AVE N MINNEAPOLIS MN 55412	DANIELLE LANGEHAUG	RESIDENTIAL	$194,000	147 ft
3245 RUSSELL AVE N MINNEAPOLIS MN 55412	HEITKAMP PROPERTIES LLC	RESIDENTIAL	$186,000	160 ft

Property History

Most Recent Sale

Date201910

Price$167,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,141