2305 3RD ST N E MINNEAPOLIS MN 55418

PID: 1102924320067

Property Overview

Parcel ID1102924320067

Lot Size4,974 sq ft (0.114 ac)

Lot Dimensions (est.)78 ft wide × 64 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerMICHAEL BREN & DIANE BREN

Assessed Value$320,800

Land Value$117,000

Building Value$203,800

Annual Tax$4,718

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

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 width65 ft

Buildable depth24 ft

Area~1,921 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 1,921 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2309 3RD ST N E MINNEAPOLIS MN 55418	DALE R/ANNE H MACKERETH	RESIDENTIAL-TWO UNIT	$377,700	80 ft
311 23RD AVE N E MINNEAPOLIS MN 55418	GOTHAM RENTALS LLC	RESIDENTIAL-TWO UNIT	$376,100	83 ft
2300 3RD ST N E MINNEAPOLIS MN 55418	JENNIFER E DOWZAK ET AL	RESIDENTIAL	$307,400	125 ft
2227 3RD ST N E MINNEAPOLIS MN 55418	JONATHAN FRANCIS MISKOWIEC	RESIDENTIAL-TWO UNIT	$382,500	126 ft
2315 3RD ST N E MINNEAPOLIS MN 55418	KELLEY E DRAEHN	RESIDENTIAL	$208,100	138 ft
317 23RD AVE N E MINNEAPOLIS MN 55418	2300 UNIVERSITY LLC	RESIDENTIAL	$313,100	153 ft
225 23RD AVE N E MINNEAPOLIS MN 55418	WATERSTONE INVESTMENTS INC	RESIDENTIAL-TWO UNIT	$282,100	164 ft
2221 3RD ST N E MINNEAPOLIS MN 55418	ST JOHNS CATHOLIC CH OF MPLS	VACANT LAND-RESIDENTIAL	$0	168 ft
2319 3RD ST N E MINNEAPOLIS MN 55418	ERIN E HENNESSY	RESIDENTIAL	$350,000	184 ft
2310 3RD ST N E MINNEAPOLIS MN 55418	R J WARNER & T ALVES-WARNER	RESIDENTIAL-TWO UNIT	$374,900	202 ft

Property History

Most Recent Sale

Date201809

Price$333,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,718