720 3RD AVE N E MINNEAPOLIS MN 55413

PID: 1402924440144

Property Overview

Parcel ID1402924440144

Lot Size45,301 sq ft (1.040 ac)

Lot Dimensions (est.)281 ft wide × 161 ft deep

Year Built1989

Property ClassCONDOMINIUM

OwnerM O NICOLE BURGOZ/W K BURGOZ

Assessed Value$121,600

Land Value$11,000

Building Value$110,600

Annual Tax$1,882

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

St. Anthony East · Minneapolis

Median reported rent1,213/mo

Renter-occupied58.9%

Median home value$337K

Vacancy rate3.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1031

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width266 ft

Buildable depth121 ft

Area~32,269 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 3-story wood frame (5–12 units) benchmarks for 32,269 sqft buildable area.

Est. units

113

Yield on cost

4.4%

Spread

-1.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value
720 3RD AVE N E MINNEAPOLIS MN 55413	SUSAN A ST DENIS	CONDOMINIUM	$176,700
720 3RD AVE N E MINNEAPOLIS MN 55413	DANIEL T BILLINGS	CONDOMINIUM	$173,900
720 3RD AVE N E MINNEAPOLIS MN 55413	GARY GRAN & CYNTHIA GRAN	CONDOMINIUM	$135,900
720 3RD AVE N E MINNEAPOLIS MN 55413	MELISSA HILL	CONDOMINIUM	$146,300
720 3RD AVE N E MINNEAPOLIS MN 55413	CARL F ALLEN JR	CONDOMINIUM	$146,300
720 3RD AVE N E MINNEAPOLIS MN 55413	J TOMPKINS & M TOMPKINS	CONDOMINIUM	$122,600
720 3RD AVE N E MINNEAPOLIS MN 55413	THOMAS M GODFREY	CONDOMINIUM	$143,500
720 3RD AVE N E MINNEAPOLIS MN 55413	GABBY HANSSEN	CONDOMINIUM	$128,300
720 3RD AVE N E MINNEAPOLIS MN 55413	A BETTENBURG & R M FRANCOMB	CONDOMINIUM	$146,300
720 3RD AVE N E MINNEAPOLIS MN 55413	M RAINVILLE SR & D RAINVILLE	CONDOMINIUM	$171,000

Property History

Most Recent Sale

Date202010

Price$127,500

TypeSALE INCLUDES MORE THAN ONE PARCEL

Current Tax Year

Year2026

Tax Due$1,882