2414 3RD ST N E MINNEAPOLIS MN 55418

PID: 1102924320026

Property Overview

Parcel ID1102924320026

Lot Size6,794 sq ft (0.156 ac)

Lot Dimensions (est.)157 ft wide × 43 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerCARLA REILING

Assessed Value$336,700

Land Value$133,000

Building Value$203,700

Annual Tax$4,985

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

Minneapolis

Median reported rent1,578/mo

Renter-occupied61.3%

Median home value$320K

Vacancy rate9.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 17

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth118 ft

Area~3,893 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 small multifamily (2–4 units, wood frame) benchmarks for 3,893 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2418 3RD ST N E MINNEAPOLIS MN 55418	LAHU VENTURES LLC	RESIDENTIAL-TWO UNIT	$317,500	43 ft
2410 3RD ST N E MINNEAPOLIS MN 55418	CHARLES W FASCHING	RESIDENTIAL-TWO UNIT	$414,500	43 ft
2406 3RD ST N E MINNEAPOLIS MN 55418	N L MISKOWIEC/B A MISKOWIEC	RESIDENTIAL	$420,700	86 ft
224 LOWRY AVE N E MINNEAPOLIS MN 55418	ANTHONY POLSKI REV TRUST	RESIDENTIAL	$270,800	106 ft
220 LOWRY AVE N E MINNEAPOLIS MN 55418	UMAMI CUISINE LLC	COMMERCIAL-PREFERRED	$857,000	118 ft
216 LOWRY AVE N E MINNEAPOLIS MN 55418	UMAMI CUISINE LLC	LAND-COMMERCIAL	$53,700	123 ft
2400 3RD ST N E MINNEAPOLIS MN 55418	CORY BRUNSON	RESIDENTIAL-TWO UNIT	$411,500	129 ft
2419 2ND ST N E MINNEAPOLIS MN 55418	W LINE ON SEC T/H ASSOC INC	COMMON AREA	$0	166 ft
2407 2ND ST N E MINNEAPOLIS MN 55418	LOWRY HOMES NE HOLDINGS LLC	APARTMENT	$2,143,000	192 ft
2415 2ND ST N E MINNEAPOLIS MN 55418	VALUE HOMES LLC	TOWNHOUSE	$376,000	204 ft

Property History

Most Recent Sale

Date202508

Price$425,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,985