4361 3RD AVE S MINNEAPOLIS MN 55409

PID: 1002824410163

Property Overview

Parcel ID1002824410163

Lot Size1,049 sq ft (0.024 ac)

Lot Dimensions (est.)43 ft wide × 24 ft deep

Year Built1971

Property ClassTOWNHOUSE

OwnerJ M BRATT & J P FRANKLIN

Assessed Value$222,600

Land Value$81,000

Building Value$141,600

Annual Tax$3,062

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

6 permits on record since 2018 · Most recent: Oct 2025 (existres)

ExistresOct 2025Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ExistresSep 2024Closed

Hero Home Services LLC

ExistresNov 2019Closed

Air Rite Mechanical Systems Inc

ResSep 2018Closed

AC TOMPKINS PLUMBING AND HEATING INC

ExistresJun 2018Closed

Ray N Welter Heating Co

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

Neighborhood Profile

Regina · Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width14 ft

Buildable depth4 ft

Area~45 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 45 sqft buildable area.

Est. units

Yield on cost

11.0%

Spread

+5.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4363 3RD AVE S MINNEAPOLIS MN 55409	JO ANN PETRY	TOWNHOUSE	$214,000	30 ft
4319 3RD AVE S MINNEAPOLIS MN 55409	EMMA JOHNSON	TOWNHOUSE	$232,200	64 ft
4365 3RD AVE S MINNEAPOLIS MN 55409	MICHAEL MCCONVILLE	TOWNHOUSE	$224,700	66 ft
4317 3RD AVE S MINNEAPOLIS MN 55409	LINDA PAVLICK & MARK PAVLICK	TOWNHOUSE	$226,800	95 ft
310 44TH ST E MINNEAPOLIS MN 55409	AZEB T HAILE	TOWNHOUSE	$211,900	97 ft
4359 3RD AVE S MINNEAPOLIS MN 55409	CAROL ANN K HANSEN	TOWNHOUSE	$206,500	107 ft
4357 3RD AVE S MINNEAPOLIS MN 55409	KRISTIN A SHIVELY	TOWNHOUSE	$203,300	119 ft
312 44TH ST E MINNEAPOLIS MN 55409	J G VASQUEZ & J G JARAMILLO	TOWNHOUSE	$203,300	121 ft
4315 3RD AVE S MINNEAPOLIS MN 55409	C WILSON & M WILSON ET AL	TOWNHOUSE	$231,100	131 ft
4355 3RD AVE S MINNEAPOLIS MN 55409	ABRAHAM BOBST	TOWNHOUSE	$215,100	134 ft

Property History

Most Recent Sale

Date202007

Price$204,700

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,062