2231 3RD ST N MINNEAPOLIS MN 55411

PID: 1502924220066

Property Overview

Parcel ID1502924220066

Lot Size3,488 sq ft (0.080 ac)

Lot Dimensions (est.)85 ft wide × 41 ft deep

Year Built1902

Property ClassRESIDENTIAL

OwnerR C ERICSON/N K ERICSON ETAL

Assessed Value$164,400

Land Value$10,000

Building Value$154,400

Annual Tax$3,770

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $14K total declared value · Most recent: Jul 2020 (res)

ResJul 2020Closed

Salzer Plumbing LLC

MiscJun 2020Closed

$14K

CG LEGVOLD CONSTRUCTION INC

ResMay 2017Closed

Bettin Inc

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

Neighborhood Profile

Hawthorne · Minneapolis

Median reported rent409/mo

Renter-occupied59.5%

Median home value$245K

Vacancy rate10.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1263

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

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 width72 ft

Buildable depth1 ft

Area~1,260 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 1,260 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2229 3RD ST N MINNEAPOLIS MN 55411	DOLORES DONAHUE/DALE BARRETT	RESIDENTIAL	$172,900	43 ft
311 23RD AVE N MINNEAPOLIS MN 55411	CCF3, LLC	RESIDENTIAL	$132,100	66 ft
2223 3RD ST N MINNEAPOLIS MN 55411	LILLY DOVE	RESIDENTIAL-TWO UNIT	$253,500	93 ft
315 23RD AVE N MINNEAPOLIS MN 55411	EVGENI GOLDIN	RESIDENTIAL-TWO UNIT	$182,200	101 ft
2219 3RD ST N MINNEAPOLIS MN 55411	MARIA GREGORIA MOLINA CALLE	RESIDENTIAL	$293,000	131 ft
2301 3RD ST N MINNEAPOLIS MN 55411	NATALY BARRAGAN	RESIDENTIAL	$241,000	137 ft
306 23RD AVE N MINNEAPOLIS MN 55411	J MCCONNELL & C MCCONNELL	RESIDENTIAL	$219,000	139 ft
317 23RD AVE N MINNEAPOLIS MN 55411	SYDNEY LAUREN KOSIN	RESIDENTIAL	$93,000	148 ft
312 23RD AVE N MINNEAPOLIS MN 55411	CITY OF MINNEAPOLIS	VACANT LAND-RESIDENTIAL	$0	162 ft
2215 3RD ST N MINNEAPOLIS MN 55411	NOMI HAWTHORNE PROP LLC	RESIDENTIAL-TWO UNIT	$174,700	170 ft

Property History

Most Recent Sale

Date202310

Price$176,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,770