400 3RD AVE N E MINNEAPOLIS MN 55413

PID: 2302924120148

Property Overview

Parcel ID2302924120148

Lot Size12,152 sq ft (0.279 ac)

Lot Dimensions (est.)143 ft wide × 85 ft deep

Year Built1987

Property ClassCONDOMINIUM

OwnerLU YANG & JARED D HULING

Assessed Value$507,000

Land Value$70,000

Building Value$437,000

Annual Tax$7,857

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

Minneapolis

Median reported rent1,674/mo

Renter-occupied50.5%

Median home value$467K

Vacancy rate12.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1036

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width149 ft

Buildable depth36 ft

Area~6,156 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 6,156 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
402 3RD AVE N E MINNEAPOLIS MN 55413	KIMBERLY SPITZFADEN	CONDOMINIUM	$367,000	0 ft
404 3RD AVE N E MINNEAPOLIS MN 55413	JESSICA KRAEMER	CONDOMINIUM	$353,000	0 ft
406 3RD AVE N E MINNEAPOLIS MN 55413	JOHN MARTIN ZALESKAS III	CONDOMINIUM	$387,000	0 ft
MN	Unknown	—	—	0 ft
408 3RD AVE N E MINNEAPOLIS MN 55413	AMY TOMCZYK	CONDOMINIUM	$404,000	121 ft
410 3RD AVE N E MINNEAPOLIS MN 55413	MARYANN KOZLAK	CONDOMINIUM	$356,000	121 ft
412 3RD AVE N E MINNEAPOLIS MN 55413	A HERRMANN & S MINER	CONDOMINIUM	$359,000	121 ft
414 3RD AVE N E MINNEAPOLIS MN 55413	TOM G ALBERG & LAURA KOSSAN	CONDOMINIUM	$511,000	121 ft
MN	Unknown	—	—	121 ft
316 3RD AVE N E MINNEAPOLIS MN 55413	DEBORAH JEAN NAUMAN TRUSTEE	CONDOMINIUM	$403,000	123 ft

Property History

Most Recent Sale

Date202108

Price$515,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,857