3118 29TH ST E MINNEAPOLIS MN 55406

PID: 3102923330053

Property Overview

Parcel ID3102923330053

Lot Size4,063 sq ft (0.093 ac)

Lot Dimensions (est.)43 ft wide × 95 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerE BEST & C STEDMAN

Assessed Value$261,000

Land Value$111,000

Building Value$150,000

Annual Tax$3,716

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

5 permits on record since 2018 · $42K total declared value · Most recent: Mar 2025 (remodel)

RemodelMar 2025Closed

$3K

Eric Best

RemodelSep 2022Closed

$35K

VALENTO CONTRACTING INC

RemodelAug 2022Closed

$4K

SOLCIUS

ResJul 2022Closed

Farr Plumbing and Heating LLC

ResAug 2018Closed

BWS Heating and Air Conditioning LLC

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

Neighborhood Profile

Longfellow · Minneapolis

Median reported rent1,200/mo

Renter-occupied43.8%

Median home value$252K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1074

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 width32 ft

Buildable depth57 ft

Area~1,811 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 1,811 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3124 29TH ST E MINNEAPOLIS MN 55406	ERICK BIARD	RESIDENTIAL-TWO UNIT	$426,700	46 ft
3114 29TH ST E MINNEAPOLIS MN 55406	JULIE RENTSCH	RESIDENTIAL	$327,000	46 ft
2840 32ND AVE S MINNEAPOLIS MN 55406	JOHN OLIVAREZ ARPISTA	RESIDENTIAL-TWO UNIT	$372,800	72 ft
2832 32ND AVE S MINNEAPOLIS MN 55406	REBECCA A LUCERO	RESIDENTIAL	$363,000	120 ft
2900 32ND AVE S MINNEAPOLIS MN 55406	K AULANDEZ & G AULANDEZ	RESIDENTIAL	$322,000	152 ft
2847 31ST AVE S MINNEAPOLIS MN 55406	ETHAN PARSONS/SARAH BURRIDGE	RESIDENTIAL-TWO UNIT	$407,600	156 ft
2841 31ST AVE S MINNEAPOLIS MN 55406	COLIN E CARPENTER	APARTMENT	$475,000	156 ft
2828 32ND AVE S MINNEAPOLIS MN 55406	PATRICIA K SEFLOW	RESIDENTIAL	$356,500	168 ft
2837 31ST AVE S MINNEAPOLIS MN 55406	KOLADEX VENTURE LLC	APARTMENT	$498,000	170 ft
2833 31ST AVE S MINNEAPOLIS MN 55406	MARTIN J KERSTEN	RESIDENTIAL	$418,400	195 ft

Property History

Most Recent Sale

Date202501

Price$305,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,716