2319 3RD ST N E MINNEAPOLIS MN 55418

PID: 1102924320070

Property Overview

Parcel ID1102924320070

Lot Size7,419 sq ft (0.170 ac)

Lot Dimensions (est.)158 ft wide × 47 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerERIN E HENNESSY

Assessed Value$350,000

Land Value$139,000

Building Value$211,000

Annual Tax$5,208

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 2023 · $8K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Final Inspection

CenterPoint Energy Resource Corp

MiscJun 2023Expired

$8K

INTERLOCK INDUSTRIES MIDWEST INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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 width37 ft

Buildable depth118 ft

Area~4,360 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 4,360 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
2315 3RD ST N E MINNEAPOLIS MN 55418	KELLEY E DRAEHN	RESIDENTIAL	$208,100	47 ft
2321 3RD ST N E MINNEAPOLIS MN 55418	JEANNE A CARLSON	RESIDENTIAL	$321,300	47 ft
2327 3RD ST N E MINNEAPOLIS MN 55418	L A STONE & D W POCTA	RESIDENTIAL	$304,900	94 ft
2309 3RD ST N E MINNEAPOLIS MN 55418	DALE R/ANNE H MACKERETH	RESIDENTIAL-TWO UNIT	$377,700	107 ft
2316 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	2300 UNIVERSITY LLC	LAND-COMMERCIAL	$118,600	172 ft
311 23RD AVE N E MINNEAPOLIS MN 55418	GOTHAM RENTALS LLC	RESIDENTIAL-TWO UNIT	$376,100	176 ft
2320 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	2300 UNIVERSITY LLC	LAND-COMMERCIAL	$118,600	178 ft
2305 3RD ST N E MINNEAPOLIS MN 55418	MICHAEL BREN & DIANE BREN	RESIDENTIAL-TWO UNIT	$320,800	184 ft
2326 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	2300 UNIVERSITY LLC	LAND-COMMERCIAL	$121,100	196 ft
317 23RD AVE N E MINNEAPOLIS MN 55418	2300 UNIVERSITY LLC	RESIDENTIAL	$313,100	199 ft

Property History

Most Recent Sale

Date202106

Price$282,319

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,208