4232 3RD AVE S MINNEAPOLIS MN 55409

PID: 1002824420016

Property Overview

Parcel ID1002824420016

Lot Size5,171 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1952

Property ClassRESIDENTIAL

OwnerKATHERINE M HELGASON

Assessed Value$267,100

Land Value$96,000

Building Value$171,100

Annual Tax$3,805

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

No permits found in Minneapolis open data for this parcel.

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

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 width30 ft

Buildable depth89 ft

Area~2,677 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 2,677 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4228 3RD AVE S MINNEAPOLIS MN 55409	VICKI L KOECHER	RESIDENTIAL	$207,000	40 ft
4236 3RD AVE S MINNEAPOLIS MN 55409	S D STROM & P J STROM TRES	RESIDENTIAL	$281,500	43 ft
4224 3RD AVE S MINNEAPOLIS MN 55409	LAMONT BROWN	RESIDENTIAL	$279,900	80 ft
4240 3RD AVE S MINNEAPOLIS MN 55409	S GRAHAM & M GRAHAM	RESIDENTIAL	$292,600	88 ft
4220 3RD AVE S MINNEAPOLIS MN 55409	RYAN L DODSON/ANNA S HERBERT	RESIDENTIAL	$268,300	120 ft
4244 3RD AVE S MINNEAPOLIS MN 55409	ERIC A HERSH	RESIDENTIAL	$313,300	133 ft
4231 2ND AVE S MINNEAPOLIS MN 55409	JOSEPH J & CARLYE L NOVAK	RESIDENTIAL	$335,300	143 ft
4227 2ND AVE S MINNEAPOLIS MN 55409	DALE R SMITH ET AL TRUSTEES	RESIDENTIAL	$262,000	148 ft
4235 2ND AVE S MINNEAPOLIS MN 55409	J J BELLIDO BUSTAMANTE ET AL	RESIDENTIAL	$303,000	149 ft
4216 3RD AVE S MINNEAPOLIS MN 55409	ALICE WATSON/DOUGLAS WATSON	RESIDENTIAL	$261,300	160 ft

Property History

Most Recent Sale

Date202104

Price$275,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,805