6116 3RD AVE S MINNEAPOLIS MN 55419

PID: 2202824430093

Property Overview

Parcel ID2202824430093

Lot Size6,079 sq ft (0.140 ac)

Lot Dimensions (est.)152 ft wide × 40 ft deep

Year Built1953

Property ClassRESIDENTIAL

OwnerGEORIA THOMAS

Assessed Value$331,000

Land Value$130,000

Building Value$201,000

Annual Tax$4,870

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

3 permits on record since 2017 · $6K total declared value · Most recent: Jul 2022 (misc)

MiscJul 2022Closed

$6K

Options Exteriors

ResNov 2017Closed

Linn Star Transfer Inc

ResJan 2017Closed

CENTERPOINT ENERGY

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

Neighborhood Profile

Diamond Lake · Minneapolis

Median reported rent1,284/mo

Renter-occupied43.4%

Median home value$373K

Vacancy rate7.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 120.03

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 depth112 ft

Area~3,359 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 3,359 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
6112 3RD AVE S MINNEAPOLIS MN 55419	J E EGGE & M J EGGE	RESIDENTIAL	$323,100	40 ft
6120 3RD AVE S MINNEAPOLIS MN 55419	JOAN C LOSHEK	RESIDENTIAL	$343,100	40 ft
6108 3RD AVE S MINNEAPOLIS MN 55419	C MONTNEY & K MONTNEY	RESIDENTIAL	$332,700	80 ft
6124 3RD AVE S MINNEAPOLIS MN 55419	J THIBODEAU & L ARCHERD	RESIDENTIAL	$300,000	80 ft
6128 3RD AVE S MINNEAPOLIS MN 55419	J MOORE & R WEINSTEIN	RESIDENTIAL	$304,000	119 ft
6104 3RD AVE S MINNEAPOLIS MN 55419	GERALDINE L MCCANN	RESIDENTIAL	$301,900	120 ft
6132 3RD AVE S MINNEAPOLIS MN 55419	TYLER HANDLEY & SYDNEY VEUM	RESIDENTIAL	$280,700	157 ft
6100 3RD AVE S MINNEAPOLIS MN 55419	KATHY A CARLSON	RESIDENTIAL	$343,000	160 ft
6117 2ND AVE S MINNEAPOLIS MN 55419	PHILIP J PETERSON	RESIDENTIAL	$354,300	165 ft
6125 2ND AVE S MINNEAPOLIS MN 55419	MERISSA TUTHILL	RESIDENTIAL	$337,000	168 ft

Property History

Most Recent Sale

Date200511

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,870