2411 3RD ST N E MINNEAPOLIS MN 55418

PID: 1102924320043

Property Overview

Parcel ID1102924320043

Lot Size6,796 sq ft (0.156 ac)

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

Year Built1924

Property ClassRESIDENTIAL-TWO UNIT

OwnerR E ASTUDILLO-ROMAN ET AL

Assessed Value$356,600

Land Value$133,000

Building Value$223,600

Annual Tax$5,317

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

Bottineau · 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~3,895 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 3,895 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
2407 3RD ST N E MINNEAPOLIS MN 55418	ROBERT A MALARK	RESIDENTIAL-TWO UNIT	$321,800	43 ft
2415 3RD ST N E MINNEAPOLIS MN 55418	THOMAS P BIERNAT	RESIDENTIAL	$369,100	43 ft
2401 3RD ST N E MINNEAPOLIS MN 55418	E GOERSS & J D MODRAK III	RESIDENTIAL-TWO UNIT	$556,800	86 ft
2419 3RD ST N E MINNEAPOLIS MN 55418	JOHN W ANDRUS	RESIDENTIAL	$289,900	86 ft
308 LOWRY AVE N E MINNEAPOLIS MN 55418	2500 UNIVERSITY LLC	LAND-COMMERCIAL	$162,400	152 ft
312 LOWRY AVE N E MINNEAPOLIS MN 55418	FRIENDS PROPERTY LLC	COMMERCIAL-PREFERRED	$341,000	162 ft
2410 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	MICHAEL ANUNIKE	RESIDENTIAL-TWO UNIT	$363,600	171 ft
2414 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	DAVID A SIFFERLE	RESIDENTIAL-TWO UNIT	$266,300	177 ft
2406 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	ANDY'S HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$316,400	177 ft
2418 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	JORDAN MEADE	RESIDENTIAL-TWO UNIT	$319,100	192 ft

Property History

Most Recent Sale

Date200108

Price$173,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,317