3026 RUSSELL AVE N MINNEAPOLIS MN 55411

PID: 0802924410137

Property Overview

Parcel ID0802924410137

Lot Size5,137 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1901

Property ClassRESIDENTIAL

OwnerTRIO INVESTMENTS LLC

Assessed Value$93,000

Land Value$16,000

Building Value$77,000

Annual Tax$1,433

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Jordan · Minneapolis

Median reported rent1,191/mo

Renter-occupied51.1%

Median home value$173K

Vacancy rate6.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1013

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

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~2,652 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 2,652 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
3022 RUSSELL AVE N MINNEAPOLIS MN 55411	3022 RUSSELL LLC	RESIDENTIAL	$125,900	40 ft
3030 RUSSELL AVE N MINNEAPOLIS MN 55411	EDELTRAUD ADAMS	RESIDENTIAL	$203,800	40 ft
3018 RUSSELL AVE N MINNEAPOLIS MN 55411	B COYLE & B D COYLE	RESIDENTIAL	$149,800	80 ft
3102 RUSSELL AVE N MINNEAPOLIS MN 55411	PENG VANG & CHENG VANG	RESIDENTIAL	$402,000	80 ft
3014 RUSSELL AVE N MINNEAPOLIS MN 55411	ASSERTIVE MPLS PROPS II LLC	RESIDENTIAL	$98,200	120 ft
3106 RUSSELL AVE N MINNEAPOLIS MN 55411	ABRAHAM WEIERS & JENNA SITTE	RESIDENTIAL	$185,500	120 ft
3027 QUEEN AVE N MINNEAPOLIS MN 55411	JONAH PRIDEY	RESIDENTIAL	$272,000	142 ft
3031 QUEEN AVE N MINNEAPOLIS MN 55411	C H SAMMOND & B H RHUDY	RESIDENTIAL	$236,100	147 ft
3023 QUEEN AVE N MINNEAPOLIS MN 55411	JOSE CASTILLO	RESIDENTIAL-TWO UNIT	$256,200	148 ft
3010 RUSSELL AVE N MINNEAPOLIS MN 55411	BRADY BENGSTON	RESIDENTIAL	$179,200	160 ft

Property History

Most Recent Sale

Date201809

Price$55,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,433