2005 3RD ST N E MINNEAPOLIS MN 55418

PID: 1102924330107

Property Overview

Parcel ID1102924330107

Lot Size6,275 sq ft (0.144 ac)

Lot Dimensions (est.)156 ft wide × 40 ft deep

Year Built1957

Property ClassRESIDENTIAL

OwnerZ D MAZAR & S L SUNDE

Assessed Value$304,100

Land Value$129,000

Building Value$175,100

Annual Tax$4,438

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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 depth117 ft

Area~3,505 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 3,505 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
2011 3RD ST N E MINNEAPOLIS MN 55418	PATRICK J GARVEY ET AL	RESIDENTIAL	$539,200	40 ft
313 20TH AVE N E MINNEAPOLIS MN 55418	JONATHAN C HOUTS	RESIDENTIAL	$325,000	59 ft
2001 3RD ST N E MINNEAPOLIS MN 55418	ALLEN BEDIAKO	RESIDENTIAL	$269,600	59 ft
2015 3RD ST N E MINNEAPOLIS MN 55418	WILLIAM SUTA & ALLISON TRAN	RESIDENTIAL	$282,600	80 ft
2019 3RD ST N E MINNEAPOLIS MN 55418	LAUREN JOHNSON	RESIDENTIAL	$314,200	120 ft
2023 3RD ST N E MINNEAPOLIS MN 55418	TERESA M AYMAR	RESIDENTIAL	$319,500	161 ft
1929 3RD ST N E MINNEAPOLIS MN 55418	A BUTTERFIELD & D ROBERTSHAW	RESIDENTIAL	$512,300	168 ft
2014 UNIVERSITY AVE N E MINNEAPOLIS MN 55418	JAX CAFE INC	LAND-COMMERCIAL	$787,900	193 ft
2101 3RD ST N E MINNEAPOLIS MN 55418	KURT VANENKEVORT	RESIDENTIAL	$375,500	201 ft
2006 3RD ST N E MINNEAPOLIS MN 55418	RICHARD C MELBY	RESIDENTIAL	$423,000	204 ft

Property History

Most Recent Sale

Date202006

Price$340,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,438