4363 3RD AVE S MINNEAPOLIS MN 55409

PID: 1002824410164

Property Overview

Parcel ID1002824410164

Lot Size1,562 sq ft (0.036 ac)

Lot Dimensions (est.)44 ft wide × 36 ft deep

Year Built1971

Property ClassTOWNHOUSE

OwnerJO ANN PETRY

Assessed Value$214,000

Land Value$100,000

Building Value$114,000

Annual Tax$2,919

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 2025 · Most recent: Oct 2025 (existres)

ExistresOct 2025Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

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 width26 ft

Buildable depth3 ft

Area~83 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 83 sqft buildable area.

Est. units

Yield on cost

8.5%

Spread

+3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4361 3RD AVE S MINNEAPOLIS MN 55409	J M BRATT & J P FRANKLIN	TOWNHOUSE	$222,600	30 ft
4365 3RD AVE S MINNEAPOLIS MN 55409	MICHAEL MCCONVILLE	TOWNHOUSE	$224,700	36 ft
310 44TH ST E MINNEAPOLIS MN 55409	AZEB T HAILE	TOWNHOUSE	$211,900	66 ft
4359 3RD AVE S MINNEAPOLIS MN 55409	CAROL ANN K HANSEN	TOWNHOUSE	$206,500	80 ft
312 44TH ST E MINNEAPOLIS MN 55409	J G VASQUEZ & J G JARAMILLO	TOWNHOUSE	$203,300	90 ft
4319 3RD AVE S MINNEAPOLIS MN 55409	EMMA JOHNSON	TOWNHOUSE	$232,200	95 ft
4357 3RD AVE S MINNEAPOLIS MN 55409	KRISTIN A SHIVELY	TOWNHOUSE	$203,300	96 ft
4355 3RD AVE S MINNEAPOLIS MN 55409	ABRAHAM BOBST	TOWNHOUSE	$215,100	114 ft
4317 3RD AVE S MINNEAPOLIS MN 55409	LINDA PAVLICK & MARK PAVLICK	TOWNHOUSE	$226,800	125 ft
314 44TH ST E MINNEAPOLIS MN 55409	CLAIRE MARIE BENFER	TOWNHOUSE	$231,100	127 ft

Property History

Most Recent Sale

Date200910

Price$87,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,919