2012 EMERSON AVE S MINNEAPOLIS MN 55405

PID: 3302924120031

Property Overview

Parcel ID3302924120031

Lot Size6,340 sq ft (0.146 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1904

Property ClassRESIDENTIAL-TWO UNIT

OwnerWINSTON CHANG

Assessed Value$698,400

Land Value$265,000

Building Value$433,400

Annual Tax$13,212

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 rent1,289/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 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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 width40 ft

Buildable depth87 ft

Area~3,472 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 3,472 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2006 EMERSON AVE S MINNEAPOLIS MN 55405	DANIEL R LONG	RESIDENTIAL-TWO UNIT	$502,700	50 ft
2016 EMERSON AVE S MINNEAPOLIS MN 55405	K P MAHONY & G J FASSETT	RESIDENTIAL-TWO UNIT	$541,500	55 ft
2000 EMERSON AVE S MINNEAPOLIS MN 55405	DONALD DEDON ETAL	APARTMENT	$539,000	99 ft
2024 EMERSON AVE S MINNEAPOLIS MN 55405	W R BAILEY & M S PAWLISCH	RESIDENTIAL	$986,100	115 ft
2011 FREMONT AVE S MINNEAPOLIS MN 55405	M T MASON & E P MASON	RESIDENTIAL	$923,400	141 ft
2015 FREMONT AVE S MINNEAPOLIS MN 55405	B M KUDROWITZ & M M R RUSH	RESIDENTIAL	$808,500	143 ft
2007 FREMONT AVE S MINNEAPOLIS MN 55405	M J TAYLOR & KAREN T TERHAAR	RESIDENTIAL	$895,600	152 ft
2019 FREMONT AVE S MINNEAPOLIS MN 55405	KEREN GUDEMAN & TODD WINTER	RESIDENTIAL	$656,500	156 ft
2100 EMERSON AVE S MINNEAPOLIS MN 55405	ANNA LAURA GRIGNON TRUST	RESIDENTIAL	$838,800	166 ft
2001 FREMONT AVE S MINNEAPOLIS MN 55405	ERIK HORAK & KAYLA HORAK	RESIDENTIAL	$773,800	173 ft

Property History

Most Recent Sale

Date201507

Price$580,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,212