2958 UPTON AVE N MINNEAPOLIS MN 55411

PID: 0802924420029

Property Overview

Parcel ID0802924420029

Lot Size4,863 sq ft (0.112 ac)

Lot Dimensions (est.)128 ft wide × 38 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerS BROWN & D EDWARDS-BROWN

Assessed Value$298,200

Land Value$28,000

Building Value$270,200

Annual Tax$4,320

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

6 permits on record since 2021 · $28K total declared value · Most recent: Nov 2025 (misc)

MiscNov 2025Closed

$10K

Elevate Exteriors & Remodeling Inc

ExistresOct 2025Closed

$240

FRANEK CONSTRUCTION INC

ResMay 2025Closed

CenterPoint Energy Resource Corp

RemodelDec 2024Closed

$5K

ALL ENERGY SOLAR INC

ExistresJul 2024Inspection

Owens Companies Inc

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

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width115 ft

Buildable depth0 ft

Area~2,199 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,199 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
2954 UPTON AVE N MINNEAPOLIS MN 55411	SHARON L GUY	RESIDENTIAL	$203,800	39 ft
2950 UPTON AVE N MINNEAPOLIS MN 55411	A G MORENO & B L PSICK JR	RESIDENTIAL	$281,900	79 ft
3002 UPTON AVE N MINNEAPOLIS MN 55411	I P ALONSO/D M R ORTIZ	RESIDENTIAL	$250,300	100 ft
2946 UPTON AVE N MINNEAPOLIS MN 55411	NICOLE TABOR	RESIDENTIAL	$223,700	119 ft
2957 THOMAS AVE N MINNEAPOLIS MN 55411	ESTATE OF JAMES W ADAIR JR	RESIDENTIAL	$161,400	142 ft
3006 UPTON AVE N MINNEAPOLIS MN 55411	DREA SANDERS	RESIDENTIAL	$166,300	142 ft
2955 THOMAS AVE N MINNEAPOLIS MN 55411	BENJAMIN IGHERIGHE	RESIDENTIAL	$170,400	147 ft
2942 UPTON AVE N MINNEAPOLIS MN 55411	LOUANN WRIGHT	RESIDENTIAL	$213,900	159 ft
2951 THOMAS AVE N MINNEAPOLIS MN 55411	S L A VARGAS & L F P MEZA	RESIDENTIAL	$211,000	162 ft
3001 THOMAS AVE N MINNEAPOLIS MN 55411	QUOC-KHANH NGUYEN ET AL	RESIDENTIAL	$211,300	173 ft

Property History

Most Recent Sale

Date202311

Price$230,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,320