1624 3RD ST NE MINNEAPOLIS MN 55413

PID: 1402924220200

Property Overview

Parcel ID1402924220200

Lot Size10,890 sq ft (0.250 ac)

Lot Dimensions (est.)165 ft wide × 66 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerDOUGLAS & ELENA KALLEVIG TRS

Assessed Value$358,700

Land Value$183,000

Building Value$175,700

Annual Tax$5,352

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 rent1,466/mo

Renter-occupied71.3%

Median home value$320K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 24

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width152 ft

Buildable depth26 ft

Area~6,623 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 6,623 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1622 3RD ST N E MINNEAPOLIS MN 55413	JOSHUA LARSON/KELLY LARSON	RESIDENTIAL	$434,800	66 ft
1614 3RD ST N E MINNEAPOLIS MN 55413	BIANCA MATA/JACK MERCADO	RESIDENTIAL-TWO UNIT	$429,000	125 ft
1700 3RD ST N E MINNEAPOLIS MN 55413	3RD ST NE & ROOSEVELT ST LLC	CONDOMINIUM	$237,000	132 ft
1702 3RD ST N E MINNEAPOLIS MN 55413	3RD ST NE & ROOSEVELT ST LLC	CONDOMINIUM	$205,000	132 ft
MN	Unknown	—	—	132 ft
1625 2ND ST N E MINNEAPOLIS MN 55413	CYNTHIA SCOTT	VACANT LAND-RESIDENTIAL	$132,000	165 ft
1623 2ND ST N E MINNEAPOLIS MN 55413	CYNTHIA SCOTT	RESIDENTIAL	$282,100	172 ft
1610 3RD ST N E MINNEAPOLIS MN 55413	AMY V MILLER/DAVID C MILLER	RESIDENTIAL	$339,300	178 ft
1706 3RD ST N E MINNEAPOLIS MN 55413	MITCHELL KALL & RYANNA KALL	RESIDENTIAL	$411,000	182 ft
1621 2ND ST N E MINNEAPOLIS MN 55413	GILLIAN MCNULTY-BROWN	RESIDENTIAL-TWO UNIT	$501,300	184 ft

Property History

Current Tax Year

Year2026

Tax Due$5,352