2858 RIVER PKWY W MINNEAPOLIS MN 55406

PID: 3102923440141

Property Overview

Parcel ID3102923440141

Lot Size12,000 sq ft (0.275 ac)

Lot Dimensions (est.)161 ft wide × 74 ft deep

Year Built1941

Property ClassRESIDENTIAL-TWO UNIT

OwnerJEANNE A KUNKEL

Assessed Value$554,300

Land Value$312,000

Building Value$242,300

Annual Tax$8,772

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

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

Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

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 width151 ft

Buildable depth34 ft

Area~4,383 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 4,383 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2868 RIVER PKWY W MINNEAPOLIS MN 55406	KEVIN REUTHER/GERALD TYRRELL	RESIDENTIAL	$650,000	75 ft
2848 RIVER PKWY W MINNEAPOLIS MN 55406	JOHN J BIRCH & DIVYA GUPTA	RESIDENTIAL	$0	90 ft
2861 DORMAN AVE MINNEAPOLIS MN 55406	GRAHAM BLAIR OJALA BARBOUR	RESIDENTIAL	$405,800	136 ft
2857 DORMAN AVE MINNEAPOLIS MN 55406	KOHSY ASSET HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$356,100	137 ft
2853 DORMAN AVE MINNEAPOLIS MN 55406	SANDY TAPIA	RESIDENTIAL-TWO UNIT	$512,900	143 ft
2865 DORMAN AVE MINNEAPOLIS MN 55406	KEVIN OLSEN	RESIDENTIAL	$974,000	154 ft
2849 DORMAN AVE MINNEAPOLIS MN 55406	CHERI L ANDERSON	RESIDENTIAL-TWO UNIT	$501,900	172 ft
2840 RIVER PKWY W MINNEAPOLIS MN 55406	SUE ANN VER STEEG	RESIDENTIAL	$881,800	199 ft
2904 RIVER PKWY W MINNEAPOLIS MN 55406	ELAINE K EAGLE	RESIDENTIAL	$965,700	229 ft
2901 DORMAN AVE MINNEAPOLIS MN 55406	CHRISTEN L EBENS	RESIDENTIAL	$743,700	230 ft

Property History

Most Recent Sale

Date199303

Price$170,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,772