1938 FREMONT AVE S MINNEAPOLIS MN 55403

PID: 2802924430140

Property Overview

Parcel ID2802924430140

Lot Size5,399 sq ft (0.124 ac)

Lot Dimensions (est.)135 ft wide × 40 ft deep

Year Built1920

Property ClassRESIDENTIAL-TWO UNIT

Owner2016 ZIEGENFUSS FAMILY TRUST

Assessed Value$946,000

Land Value$220,000

Building Value$726,000

Annual Tax$16,356

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2023 · $42K total declared value · Most recent: Feb 2026 (res)

ResFeb 2026Closed

B and D Plumbing Heating and A/C Inc

MiscNov 2023Expired

$42K

TIMBERLINE ROOFING & CONTRACTING INC

ResOct 2023Closed

Farr Plumbing and Heating LLC

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

Neighborhood Profile

Lowry Hill · Minneapolis

Median reported rent1,289/mo

Renter-occupied58.6%

Median home value$620K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1055

Market Snapshot

Zip code 55403

Median sale price$315K+32.9% YoY

Median price / sqft$205/sqft

Median days to close111 days

Active listings62

Source: Redfin Data Center (Invalid Date) · Zip 55403

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 width122 ft

Buildable depth0 ft

Area~2,564 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,564 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1936 FREMONT AVE S MINNEAPOLIS MN 55403	JACOB HAY	RESIDENTIAL-TWO UNIT	$638,800	43 ft
1928 FREMONT AVE S MINNEAPOLIS MN 55403	E STEVENSON & R J STEVENSON	TRIPLEX	$811,000	88 ft
2000 FREMONT AVE S MINNEAPOLIS MN 55405	J R FISCHER & A S FISCHER	RESIDENTIAL	$1,110,800	123 ft
1924 FREMONT AVE S MINNEAPOLIS MN 55403	GARY J SCOTT & JANE E SCOTT	RESIDENTIAL-TWO UNIT	$888,000	133 ft
MN	Unknown	—	—	135 ft
1935 GIRARD AVE S MINNEAPOLIS MN 55403	T S ISENBERG & C A BARNES	CONDOMINIUM	$362,000	135 ft
1937 GIRARD AVE S MINNEAPOLIS MN 55403	CARROLL A BARNES	CONDOMINIUM	$360,000	135 ft
MN	Unknown	—	—	157 ft
1929 GIRARD AVE S MINNEAPOLIS MN 55403	KAREN A HARRISON TRUST	CONDOMINIUM	$475,000	157 ft
1931 GIRARD AVE S MINNEAPOLIS MN 55403	JOAN M GREER TRUST	CONDOMINIUM	$468,000	157 ft

Property History

Current Tax Year

Year2026

Tax Due$16,356