2024 EMERSON AVE S MINNEAPOLIS MN 55405

PID: 3302924120033

Property Overview

Parcel ID3302924120033

Lot Size7,615 sq ft (0.175 ac)

Lot Dimensions (est.)127 ft wide × 60 ft deep

Year Built1907

Property ClassRESIDENTIAL

OwnerW R BAILEY & M S PAWLISCH

Assessed Value$986,100

Land Value$284,000

Building Value$702,100

Annual Tax$16,906

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

Lowry Hill · 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 width50 ft

Buildable depth87 ft

Area~4,346 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 4,346 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
2100 EMERSON AVE S MINNEAPOLIS MN 55405	ANNA LAURA GRIGNON TRUST	RESIDENTIAL	$838,800	51 ft
2016 EMERSON AVE S MINNEAPOLIS MN 55405	K P MAHONY & G J FASSETT	RESIDENTIAL-TWO UNIT	$541,500	60 ft
2104 EMERSON AVE S MINNEAPOLIS MN 55405	R C FORMELL & S I HAAS	TRIPLEX	$606,000	93 ft
2012 EMERSON AVE S MINNEAPOLIS MN 55405	WINSTON CHANG	RESIDENTIAL-TWO UNIT	$698,400	115 ft
2025 FREMONT AVE S MINNEAPOLIS MN 55405	YANIV GARAMA	RESIDENTIAL	$924,000	141 ft
2101 FREMONT AVE S MINNEAPOLIS MN 55405	ALEXANDER L HAWKINSON ET AL	RESIDENTIAL	$809,600	147 ft
2019 FREMONT AVE S MINNEAPOLIS MN 55405	KEREN GUDEMAN & TODD WINTER	RESIDENTIAL	$656,500	148 ft
2112 EMERSON AVE S MINNEAPOLIS MN 55405	DAVID LARSON	CONDOMINIUM	$318,000	151 ft
2112 EMERSON AVE S MINNEAPOLIS MN 55405	CYNTHIA A HANSON	CONDOMINIUM	$318,000	151 ft
2112 EMERSON AVE S MINNEAPOLIS MN 55405	PHILIP K JACOBSON	CONDOMINIUM	$318,000	151 ft

Property History

Most Recent Sale

Date200701

Price$625,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$16,906