1922 3RD ST N E MINNEAPOLIS MN 55418

PID: 1102924330038

Property Overview

Parcel ID1102924330038

Lot Size5,014 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerJ DE LA COVA & A DE LA COVA

Assessed Value$183,000

Land Value$116,000

Building Value$67,000

Annual Tax$2,410

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

4 permits on record since 2019 · $14K total declared value · Most recent: Sep 2020 (existres)

ExistresSep 2020Closed

Metro Heating & Cooling LLC

MiscAug 2019Closed

$14K

WALKER ROOFING CO

ResApr 2019Closed

CHAMPION PLUMBING LLC

ResFeb 2019Closed

NICE NEAT PLUMBING LLC

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 width30 ft

Buildable depth85 ft

Area~2,558 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 2,558 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1924 3RD ST N E MINNEAPOLIS MN 55418	ERIC BRUHJELL	RESIDENTIAL	$242,600	40 ft
1916 3RD ST N E MINNEAPOLIS MN 55418	J SCANLON & J SCANLON	RESIDENTIAL	$239,100	45 ft
1928 3RD ST N E MINNEAPOLIS MN 55418	A L JOHNSON & B A JOHNSON	RESIDENTIAL	$378,800	80 ft
216 20TH AVE N E MINNEAPOLIS MN 55418	M E POTEK & K A VAN WYK	RESIDENTIAL-TWO UNIT	$310,000	91 ft
1900 3RD ST N E MINNEAPOLIS MN 55418	MPLS PUBLIC HOUSING AUTH	APARTMENT	$0	148 ft
2000 3RD ST N E MINNEAPOLIS MN 55418	WAYNE JAMES NELSON	RESIDENTIAL-TWO UNIT	$490,400	188 ft
1929 2ND ST N E MINNEAPOLIS MN 55418	BOTTINEAU LOFTS LTD PTRSHP	LOW INCOME RENTAL	$5,243,000	196 ft
1921 3RD ST N E MINNEAPOLIS MN 55418	DANIELLE C ROBERTSHAW ET AL	RESIDENTIAL	$211,000	210 ft
1915 3RD ST N E MINNEAPOLIS MN 55418	DILLON ZUMWALT	RESIDENTIAL	$333,000	214 ft
1929 3RD ST N E MINNEAPOLIS MN 55418	A BUTTERFIELD & D ROBERTSHAW	RESIDENTIAL	$512,300	220 ft

Property History

Most Recent Sale

Date201902

Price$199,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$2,410