3908 NOKOMIS AVE S MINNEAPOLIS MN 55406

PID: 1202824110175

Property Overview

Parcel ID1202824110175

Lot Size5,100 sq ft (0.117 ac)

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

Year Built1900

Property ClassLOW INCOME RENTAL

OwnerNATHANIEL J PHILLIPS

Assessed Value$269,600

Land Value$121,000

Building Value$148,600

Annual Tax$1,039

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 depth87 ft

Area~2,624 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 2,624 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
3904 NOKOMIS AVE S MINNEAPOLIS MN 55406	PAULA WEBER & STEPHAN WEBER	RESIDENTIAL-TWO UNIT	$446,600	40 ft
3912 NOKOMIS AVE S MINNEAPOLIS MN 55406	TERRI LYNN/NORMAN GARNER JR	RESIDENTIAL	$290,500	40 ft
3900 NOKOMIS AVE S MINNEAPOLIS MN 55406	MATTHEW M FINNESGARD ET AL	RESIDENTIAL	$314,200	80 ft
3916 NOKOMIS AVE S MINNEAPOLIS MN 55406	SANDRA J JACKS	RESIDENTIAL	$278,300	80 ft
3920 NOKOMIS AVE S MINNEAPOLIS MN 55406	IZEDIN MOHAMMED & NIMO JAMA	RESIDENTIAL	$390,600	120 ft
3909 30TH AVE S MINNEAPOLIS MN 55406	JASSAMINE O SAEKO	RESIDENTIAL	$251,200	141 ft
3913 30TH AVE S MINNEAPOLIS MN 55406	JEAN E ANDERSON	RESIDENTIAL	$217,000	147 ft
3905 30TH AVE S MINNEAPOLIS MN 55406	JOHN T GOODRICH	RESIDENTIAL	$294,300	147 ft
3924 NOKOMIS AVE S MINNEAPOLIS MN 55406	JESSE A BOCHNIAK	RESIDENTIAL	$300,300	161 ft
3917 30TH AVE S MINNEAPOLIS MN 55406	J & J T WAGER	RESIDENTIAL	$279,000	162 ft

Property History

Most Recent Sale

Date200607

Price$165,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,039