4315 3RD AVE S MINNEAPOLIS MN 55409

PID: 1002824410172

Property Overview

Parcel ID1002824410172

Lot Size1,562 sq ft (0.036 ac)

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

Year Built1971

Property ClassTOWNHOUSE

OwnerC WILSON & M WILSON ET AL

Assessed Value$231,100

Land Value$100,000

Building Value$131,100

Annual Tax$3,203

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 2022 · $2K total declared value · Most recent: Nov 2022 (misc)

MiscNov 2022Expired

$2K

FAITH CONSTRUCTION CO 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
311 43RD ST E MINNEAPOLIS MN 55409	CASSANDRA ROBINSON	TOWNHOUSE	$241,800	30 ft
4317 3RD AVE S MINNEAPOLIS MN 55409	LINDA PAVLICK & MARK PAVLICK	TOWNHOUSE	$226,800	37 ft
4321 3RD AVE S MINNEAPOLIS MN 55409	JANICE E RICKS	TOWNHOUSE	$216,100	54 ft
313 43RD ST E MINNEAPOLIS MN 55409	DIRIBE TARAFA	TOWNHOUSE	$211,900	54 ft
4319 3RD AVE S MINNEAPOLIS MN 55409	EMMA JOHNSON	TOWNHOUSE	$232,200	67 ft
4323 3RD AVE S MINNEAPOLIS MN 55409	SHERI RHYAN	TOWNHOUSE	$241,800	75 ft
315 43RD ST E MINNEAPOLIS MN 55409	MARTIN TREVOR LAWRENCE	TOWNHOUSE	$245,000	90 ft
4325 3RD AVE S MINNEAPOLIS MN 55409	MICHELLE JUNE O'BRIEN	TOWNHOUSE	$211,900	97 ft
4327 3RD AVE S MINNEAPOLIS MN 55409	A PHILLIPS & K R HENAGIN	TOWNHOUSE	$216,100	120 ft
4361 3RD AVE S MINNEAPOLIS MN 55409	J M BRATT & J P FRANKLIN	TOWNHOUSE	$222,600	131 ft

Property History

Most Recent Sale

Date201808

Price$178,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,203