3119 25TH ST E MINNEAPOLIS MN 55406

PID: 3102923230061

Property Overview

Parcel ID3102923230061

Lot Size8,068 sq ft (0.185 ac)

Lot Dimensions (est.)62 ft wide × 131 ft deep

Year Built1926

Property ClassAPARTMENT

OwnerMARY A MELLEN

Assessed Value$475,000

Land Value$112,600

Building Value$362,400

Annual Tax$11,004

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2024 · $450 total declared value · Most recent: Sep 2024 (roofwind)

RoofwindSep 2024Closed

$450

Mary Mellen

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent1,337/mo

Renter-occupied28.1%

Median home value$329K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1075

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width50 ft

Buildable depth94 ft

Area~4,722 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 4,722 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3125 25TH ST E MINNEAPOLIS MN 55406	T & P MC CONVILLE	RESIDENTIAL	$324,800	50 ft
3115 25TH ST E MINNEAPOLIS MN 55406	LEE FAHY & KIMBERLY R FAHY	RESIDENTIAL	$280,700	60 ft
3131 25TH ST E MINNEAPOLIS MN 55406	P J MCKINNEY & A J BOWER	RESIDENTIAL	$377,500	90 ft
2512 32ND AVE S MINNEAPOLIS MN 55406	KAREN LEA BRUSS	RESIDENTIAL	$314,000	107 ft
3109 25TH ST E MINNEAPOLIS MN 55406	EMILY MATSON	RESIDENTIAL	$336,200	110 ft
2516 32ND AVE S MINNEAPOLIS MN 55406	COLIN E CARPENTER	RESIDENTIAL	$297,100	145 ft
3105 25TH ST E MINNEAPOLIS MN 55406	ALEXANDRA M MARQUEZ	RESIDENTIAL	$386,200	150 ft
2515 31ST AVE S MINNEAPOLIS MN 55406	W P BUSHEY & R L JOHNSON	RESIDENTIAL	$287,700	170 ft
2520 32ND AVE S MINNEAPOLIS MN 55406	JUDITH T LEWISON	RESIDENTIAL-TWO UNIT	$343,400	184 ft
3101 25TH ST E MINNEAPOLIS MN 55406	CHRISTINE M RANGEN	RESIDENTIAL	$401,000	190 ft

Property History

Current Tax Year

Year2026

Tax Due$11,004