4045 3RD AVE S MINNEAPOLIS MN 55409

PID: 1002824140096

Property Overview

Parcel ID1002824140096

Lot Size5,478 sq ft (0.126 ac)

Lot Dimensions (est.)130 ft wide × 42 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerMARY ANGELINE LEONI

Assessed Value$308,800

Land Value$98,000

Building Value$210,800

Annual Tax$4,516

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 ↗

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Bryant · Minneapolis

Median reported rent1,596/mo

Renter-occupied18.9%

Median home value$283K

Vacancy rate12.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1100

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 width32 ft

Buildable depth90 ft

Area~2,893 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 2,893 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4049 3RD AVE S MINNEAPOLIS MN 55409	KELLY C REWERTS	RESIDENTIAL	$190,400	42 ft
4041 3RD AVE S MINNEAPOLIS MN 55409	ELIZABETH PACUNAS	RESIDENTIAL	$282,900	42 ft
4053 3RD AVE S MINNEAPOLIS MN 55409	M P A CANTORAN & M AGUILAR	RESIDENTIAL	$387,600	84 ft
4037 3RD AVE S MINNEAPOLIS MN 55409	ROBERT A BROWN	RESIDENTIAL	$313,200	84 ft
4033 3RD AVE S MINNEAPOLIS MN 55409	P G ALQUISIRA & F T CRUS	RESIDENTIAL	$240,800	126 ft
4044 CLINTON AVE MINNEAPOLIS MN 55409	TIRMATIE SINGH	RESIDENTIAL	$237,200	142 ft
4048 CLINTON AVE MINNEAPOLIS MN 55409	J AND D APARTMENTS LLC	RESIDENTIAL	$251,800	148 ft
4042 CLINTON AVE MINNEAPOLIS MN 55409	MNSF T2 SPE LLC	RESIDENTIAL	$207,400	149 ft
320 41ST ST E MINNEAPOLIS MN 55409	THO T DUONG	RESIDENTIAL	$308,700	164 ft
4036 CLINTON AVE MINNEAPOLIS MN 55409	LINDSEY BENNETT	RESIDENTIAL	$292,400	166 ft

Property History

Current Tax Year

Year2026

Tax Due$4,516