3918 29TH AVE S MINNEAPOLIS MN 55406

PID: 1202824110012

Property Overview

Parcel ID1202824110012

Lot Size5,008 sq ft (0.115 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerJESSE T MARTIN TRUST

Assessed Value$260,600

Land Value$121,000

Building Value$139,600

Annual Tax$3,696

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 rent1,387/mo

Renter-occupied12.2%

Median home value$296K

Vacancy rate5.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1102

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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~2,557 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 2,557 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
3916 29TH AVE S MINNEAPOLIS MN 55406	JESSE T MARTIN TRUST	RESIDENTIAL	$236,200	39 ft
3920 29TH AVE S MINNEAPOLIS MN 55406	E E BUTLER & K J WIERZBICKI	RESIDENTIAL	$346,000	39 ft
2811 39TH ST E MINNEAPOLIS MN 55406	CITY OF MPLS	LAND-COMMERCIAL	$0	70 ft
3910 29TH AVE S MINNEAPOLIS MN 55406	CAMERON MALIA	RESIDENTIAL	$233,500	78 ft
3924 29TH AVE S MINNEAPOLIS MN 55406	DORIS OVERBY	RESIDENTIAL	$226,200	78 ft
3908 29TH AVE S MINNEAPOLIS MN 55406	CORINNE L ROBINSON	RESIDENTIAL	$276,700	118 ft
3926 29TH AVE S MINNEAPOLIS MN 55406	LEE C THOMAS	RESIDENTIAL	$233,400	118 ft
3921 28TH AVE S MINNEAPOLIS MN 55406	GAIL M HARBECK	RESIDENTIAL	$225,200	141 ft
3925 28TH AVE S MINNEAPOLIS MN 55406	S D & B L GROENKE	RESIDENTIAL-TWO UNIT	$366,800	145 ft
3904 29TH AVE S MINNEAPOLIS MN 55406	R L SANDBERG & R H LEVANG	RESIDENTIAL	$358,100	158 ft

Property History

Most Recent Sale

Date200112

Price$128,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,696