150 3RD AVE S MINNEAPOLIS MN 55401

PID: 2302924320583

Property Overview

Parcel ID2302924320583

Lot Size3,049 sq ft (0.070 ac)

Lot Dimensions (est.)140 ft wide × 22 ft deep

Year Built2006

Property ClassCOMMERCIAL-PREFERRED

OwnerFASCHING VENTURES LLC

Assessed Value$450,000

Land Value$10,600

Building Value$439,400

Annual Tax$13,705

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

Downtown West · Minneapolis

Median reported rent1,711/mo

Renter-occupied65.0%

Median home value$325K

Vacancy rate8.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1261.01

Market Snapshot

Zip code 55401

Median sale price$410K-14.2% YoY

Median price / sqft$331/sqft

Median days to close70 days

Active listings86

Source: Redfin Data Center (Invalid Date) · Zip 55401

Zoning

DT1Downtown Center

Downtown Center 1 — urban core district

Typical Uses

·Office towers
·Hotels
·High-rise residential
·Entertainment
·Retail

Development Potential

Setbacks

Front0 ft

Side (each)0 ft

Rear0 ft

Estimated Buildable Footprint

Buildable width140 ft

Buildable depth22 ft

Area~3,080 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
100 3RD AVE S MINNEAPOLIS MN 55401	SHARON ELMORE & THOMAS DOYLE	CONDOMINIUM	$593,800	124 ft
100 3RD AVE S MINNEAPOLIS MN 55401	DAVID H CAMERON	CONDOMINIUM	$500,700	124 ft
100 3RD AVE S MINNEAPOLIS MN 55401	ROBIN STEINKE	CONDOMINIUM	$563,400	124 ft
100 3RD AVE S MINNEAPOLIS MN 55401	KAREN L BOWIE	CONDOMINIUM	$388,600	124 ft
100 3RD AVE S MINNEAPOLIS MN 55401	HOLLY M THOMPSON DEERING	CONDOMINIUM	$387,600	124 ft
100 3RD AVE S MINNEAPOLIS MN 55401	VALERIE S GOLDEN	CONDOMINIUM	$369,600	124 ft
100 3RD AVE S MINNEAPOLIS MN 55401	RYAN ROTRAMEL/ALISE ROTRAMEL	CONDOMINIUM	$353,400	124 ft
100 3RD AVE S MINNEAPOLIS MN 55401	PEGGY G DAHL REV TRUST	CONDOMINIUM	$543,400	124 ft
100 3RD AVE S MINNEAPOLIS MN 55401	ANDREA SCARPA REV TRUST	CONDOMINIUM	$619,400	124 ft
100 3RD AVE S MINNEAPOLIS MN 55401	DOREEN G HAWKINSON	CONDOMINIUM	$379,100	124 ft

Property History

Most Recent Sale

Date202509

Price$450,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,705