3909 29TH AVE S MINNEAPOLIS MN 55406

PID: 1202824110049

Property Overview

Parcel ID1202824110049

Lot Size5,098 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1939

Property ClassRESIDENTIAL

OwnerSUSAN L QUARSTAD

Assessed Value$317,300

Land Value$123,000

Building Value$194,300

Annual Tax$4,642

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

3 permits on record since 2017 · $3K total declared value · Most recent: Apr 2022 (res)

ResApr 2022Closed

CenterPoint Energy Resource Corp

MiscAug 2019Closed

$3K

Minnesota Rusco Inc

ExistresJun 2017Closed

DNA HEATING AND COOLING

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

Neighborhood Profile

Standish · 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 depth87 ft

Area~2,622 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 2,622 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3905 29TH AVE S MINNEAPOLIS MN 55406	S P MELCHISEDECH ET AL	RESIDENTIAL	$309,600	40 ft
3913 29TH AVE S MINNEAPOLIS MN 55406	J W NEWBERG & S D NEWBERG	RESIDENTIAL	$325,200	40 ft
3901 29TH AVE S MINNEAPOLIS MN 55406	TAYLOR HEALY	RESIDENTIAL	$334,300	80 ft
3917 29TH AVE S MINNEAPOLIS MN 55406	HEATHER M ANDERSON	RESIDENTIAL	$260,700	80 ft
3921 29TH AVE S MINNEAPOLIS MN 55406	D GJERDAHL & C GJERDAHL	RESIDENTIAL	$316,800	120 ft
3908 30TH AVE S MINNEAPOLIS MN 55406	D K WITT & O Y WITT	RESIDENTIAL	$282,000	141 ft
3904 30TH AVE S MINNEAPOLIS MN 55406	CALLIE C MYERS	RESIDENTIAL	$301,200	147 ft
3912 30TH AVE S MINNEAPOLIS MN 55406	BAO DIEP	RESIDENTIAL	$222,200	147 ft
3925 29TH AVE S MINNEAPOLIS MN 55406	M M HOLLEY & H S HOLLEY	RESIDENTIAL	$265,200	160 ft
3900 30TH AVE S MINNEAPOLIS MN 55406	A L F TSURUSAKI & M M ROSEN	RESIDENTIAL	$279,900	162 ft

Property History

Most Recent Sale

Date200202

Price$152,500

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,642