1903 3RD ST N E MINNEAPOLIS MN 55418

PID: 1102924330052

Property Overview

Parcel ID1102924330052

Lot Size5,451 sq ft (0.125 ac)

Lot Dimensions (est.)164 ft wide × 33 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerNHH PROPERTIES I LLC

Assessed Value$316,800

Land Value$122,000

Building Value$194,800

Annual Tax$6,016

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2024 · $10K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Closed

$10K

Sunny Solar 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

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 width151 ft

Buildable depth0 ft

Area~2,508 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,508 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1907 3RD ST N E MINNEAPOLIS MN 55418	ISAYA F KIBIRA	RESIDENTIAL-TWO UNIT	$277,500	33 ft
1901 3RD ST N E MINNEAPOLIS MN 55418	BRIAN S SAJADI & HADI SAJADI	RESIDENTIAL-TWO UNIT	$384,300	33 ft
1911 3RD ST N E MINNEAPOLIS MN 55418	J W MOORE & L L MOORE	RESIDENTIAL	$393,200	83 ft
1915 3RD ST N E MINNEAPOLIS MN 55418	DILLON ZUMWALT	RESIDENTIAL	$333,000	141 ft
1904 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	RADULOVICH PROPERTIES LLC	LAND-COMMERCIAL	$137,300	164 ft
1900 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	UNIVERSITY AVE R E HOLDINGS	RESIDENTIAL	$450,000	167 ft
1921 3RD ST N E MINNEAPOLIS MN 55418	DANIELLE C ROBERTSHAW ET AL	RESIDENTIAL	$211,000	190 ft
1918 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	RADULOVICH PROPERTIES LLC	COMMERCIAL-PREFERRED	$997,000	199 ft
1900 3RD ST N E MINNEAPOLIS MN 55418	MPLS PUBLIC HOUSING AUTH	APARTMENT	$0	233 ft
1929 3RD ST N E MINNEAPOLIS MN 55418	A BUTTERFIELD & D ROBERTSHAW	RESIDENTIAL	$512,300	248 ft

Property History

Most Recent Sale

Date201202

Price$60,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,016