4300 3RD AVE S MINNEAPOLIS MN 55409

PID: 1002824420089

Property Overview

Parcel ID1002824420089

Lot Size7,313 sq ft (0.168 ac)

Lot Dimensions (est.)129 ft wide × 57 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerL ELLINWOOD & J ZIMMER

Assessed Value$329,200

Land Value$112,000

Building Value$217,200

Annual Tax$4,840

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

2 permits on record since 2019 · Most recent: Nov 2024 (res)

ResNov 2024Closed

CenterPoint Energy Resource Corp

ResMar 2019Closed

Warners Stellian 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width116 ft

Buildable depth17 ft

Area~3,886 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 3,886 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4304 3RD AVE S MINNEAPOLIS MN 55409	HARRIPERSAUD KUMAL ET AL	RESIDENTIAL	$282,000	55 ft
4308 3RD AVE S MINNEAPOLIS MN 55409	MAUDE L WHITLOCK	RESIDENTIAL	$293,300	108 ft
216 43RD ST E MINNEAPOLIS MN 55409	J STEMMIER & B STEMMIER	RESIDENTIAL	$313,900	113 ft
4301 2ND AVE S MINNEAPOLIS MN 55409	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	143 ft
4305 2ND AVE S MINNEAPOLIS MN 55409	MATTHEW SAHNOW	RESIDENTIAL	$263,700	146 ft
4309 2ND AVE S MINNEAPOLIS MN 55409	R & W STROMAN	RESIDENTIAL	$172,700	160 ft
4248 3RD AVE S MINNEAPOLIS MN 55409	ANTHONY Q TRUONG ET AL	RESIDENTIAL	$306,200	160 ft
4312 3RD AVE S MINNEAPOLIS MN 55409	KOU LEE	RESIDENTIAL	$272,000	161 ft
317 43RD ST E MINNEAPOLIS MN 55409	RICHARD D THOMPSON	TOWNHOUSE	$206,500	162 ft
4315 2ND AVE S MINNEAPOLIS MN 55409	ETHAN H PETTIBONE	RESIDENTIAL	$199,000	181 ft

Property History

Most Recent Sale

Date202209

Price$350,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,840