116 3RD AVE N E MINNEAPOLIS MN 55413

PID: 2302924210397

Property Overview

Parcel ID2302924210397

Lot Size29,969 sq ft (0.688 ac)

Lot Dimensions (est.)337 ft wide × 89 ft deep

Year Built1986

Property ClassCONDOMINIUM

OwnerKATHLEEN M URBANIAK

Assessed Value$355,300

Land Value$16,000

Building Value$339,300

Annual Tax$5,295

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — St. Anthony Falls

Development Opportunities

Historic district — St. Anthony FallsHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

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 West · 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

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 width322 ft

Buildable depth49 ft

Area~15,946 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 15,946 sqft buildable area.

Est. units

Yield on cost

4.4%

Spread

-1.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value
100 3RD AVE N E MINNEAPOLIS MN 55413	L M SCHNEIDER REV TR ET AL	CONDOMINIUM	$458,900
102 3RD AVE N E MINNEAPOLIS MN 55413	EMILY HOWE / MARISSA ELLIOTT	CONDOMINIUM	$374,300
104 3RD AVE N E MINNEAPOLIS MN 55413	DOREEN L ENGEBRETSON	CONDOMINIUM	$358,200
106 3RD AVE N E MINNEAPOLIS MN 55413	ABBY ELIZABETH MELAND	CONDOMINIUM	$414,200
108 3RD AVE N E MINNEAPOLIS MN 55413	W B ROTH & P A MACLEOD	CONDOMINIUM	$465,500
112 3RD AVE N E MINNEAPOLIS MN 55413	KATHERINE ZELLMER	CONDOMINIUM	$471,200
114 3RD AVE N E MINNEAPOLIS MN 55413	S J RATHS & E SILVERMAN	CONDOMINIUM	$405,700
118 3RD AVE N E MINNEAPOLIS MN 55413	DAVID LINK	CONDOMINIUM	$469,300
120 3RD AVE N E MINNEAPOLIS MN 55413	BARBARA FREEMAN	CONDOMINIUM	$379,100
MN	Unknown	—	—

Property History

Most Recent Sale

Date198612

Price$72,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,295