2848 35TH AVE S MINNEAPOLIS MN 55406

PID: 3102923340204

Property Overview

Parcel ID3102923340204

Lot Size5,130 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerM T STEWART & T M STEWART

Assessed Value$336,900

Land Value$126,000

Building Value$210,900

Annual Tax$4,988

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width30 ft

Buildable depth88 ft

Area~2,647 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 2,647 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2844 35TH AVE S MINNEAPOLIS MN 55406	L L SCOTT ETAL	RESIDENTIAL	$223,400	40 ft
2852 35TH AVE S MINNEAPOLIS MN 55406	JENNIFER BYERS/CARI BAKKEN	RESIDENTIAL	$352,400	45 ft
2840 35TH AVE S MINNEAPOLIS MN 55406	JOSEPH J CASSELL	RESIDENTIAL	$292,700	80 ft
2836 35TH AVE S MINNEAPOLIS MN 55406	D N HABERMAN & N A TOWNSEND	RESIDENTIAL	$305,400	120 ft
2849 34TH AVE S MINNEAPOLIS MN 55406	M B SIVERTSON & J M BLAHA	RESIDENTIAL	$240,000	139 ft
2845 34TH AVE S MINNEAPOLIS MN 55406	MARLON M MASANZ & M CHAIART	RESIDENTIAL	$358,100	145 ft
2853 34TH AVE S MINNEAPOLIS MN 55406	BRIAN R CARLSON ET AL	RESIDENTIAL	$387,300	146 ft
2832 35TH AVE S MINNEAPOLIS MN 55406	S ROSENFIELD & A TISUE	RESIDENTIAL	$337,500	160 ft
2841 34TH AVE S MINNEAPOLIS MN 55406	BRIAN O'NEAL	RESIDENTIAL	$234,300	160 ft
2900 35TH AVE S MINNEAPOLIS MN 55406	JUSTIN J/TALIA A A PLETCHER	RESIDENTIAL	$358,700	170 ft

Property History

Most Recent Sale

Date198602

Price$60,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,988