3948 NOKOMIS AVE S MINNEAPOLIS MN 55406

PID: 1202824110156

Property Overview

Parcel ID1202824110156

Lot Size5,104 sq ft (0.117 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerBRIGITTE MARIE VALTINSON

Assessed Value$176,700

Land Value$121,000

Building Value$55,700

Annual Tax$2,297

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,627 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 sfr / adu benchmarks for 2,627 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3944 NOKOMIS AVE S MINNEAPOLIS MN 55406	B G KLUGE & S M RICE	RESIDENTIAL	$280,500	40 ft
3952 NOKOMIS AVE S MINNEAPOLIS MN 55406	JOAN A GOAR REV TRUST	RESIDENTIAL	$263,900	40 ft
3956 NOKOMIS AVE S MINNEAPOLIS MN 55406	D WIERZBA & M WIERZBA	RESIDENTIAL	$331,100	75 ft
3940 NOKOMIS AVE S MINNEAPOLIS MN 55406	IRON AND PINE HOMES LLC	RESIDENTIAL	$283,500	80 ft
3936 NOKOMIS AVE S MINNEAPOLIS MN 55406	OFF THE CHART CONSULTING LLC	RESIDENTIAL-TWO UNIT	$360,100	120 ft
3949 30TH AVE S MINNEAPOLIS MN 55406	I CUNNINGHAM & S GALLAGHER	RESIDENTIAL	$321,500	141 ft
3953 30TH AVE S MINNEAPOLIS MN 55406	LYDIA SAGE CAMPBELL	RESIDENTIAL	$258,000	147 ft
3945 30TH AVE S MINNEAPOLIS MN 55406	ANNA-BELLA SAWYER-EWING	RESIDENTIAL	$264,500	147 ft
3957 30TH AVE S MINNEAPOLIS MN 55406	DARYL A MCMOORE	RESIDENTIAL	$294,500	160 ft
3932 NOKOMIS AVE S MINNEAPOLIS MN 55406	JEREMY POLOMNY	RESIDENTIAL	$288,900	161 ft

Property History

Most Recent Sale

Date201806

Price$139,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,297