2418 FREMONT AVE S MINNEAPOLIS MN 55405

PID: 3302924130213

Property Overview

Parcel ID3302924130213

Lot Size6,383 sq ft (0.147 ac)

Lot Dimensions (est.)129 ft wide × 50 ft deep

Year Built1900

Property ClassTRIPLEX

OwnerHAU HUYNH

Assessed Value$663,800

Land Value$243,000

Building Value$420,800

Annual Tax$12,607

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

1 permit on record since 2019 · Most recent: Apr 2019 (res)

ResApr 2019Closed

Larson Plumbing Inc

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

Neighborhood Profile

East Isles · Minneapolis

Median reported rent1,226/mo

Renter-occupied49.6%

Median home value$548K

Vacancy rate7.2%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1066

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 width37 ft

Buildable depth96 ft

Area~3,372 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 3,372 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
2412 FREMONT AVE S MINNEAPOLIS MN 55405	A K SINGH & V SINGH	APARTMENT	$621,000	49 ft
2408 FREMONT AVE S MINNEAPOLIS MN 55405	SUSAN A GUSTAFSON	RESIDENTIAL-TWO UNIT	$663,700	97 ft
2419 GIRARD AVE S MINNEAPOLIS MN 55405	RAQUEL MELO & ELIZA GOODWIN	RESIDENTIAL	$867,600	140 ft
2404 FREMONT AVE S MINNEAPOLIS MN 55405	H C 55405 FREMONT AVE S TR	APARTMENT	$606,000	141 ft
2426 HENNEPIN AVE MINNEAPOLIS MN 55405	24TH & HENN CTR PARTNERSHIP	COMMERCIAL-PREFERRED	$3,286,200	143 ft
2421 GIRARD AVE S MINNEAPOLIS MN 55405	KAYLA PICCIANO	CONDOMINIUM	$353,000	146 ft
2421 GIRARD AVE S MINNEAPOLIS MN 55405	SCOTT KALLSTROM	CONDOMINIUM	$335,000	146 ft
2421 GIRARD AVE S MINNEAPOLIS MN 55405	MANDI GAGNE	CONDOMINIUM	$325,000	146 ft
MN	Unknown	—	—	146 ft
2413 GIRARD AVE S MINNEAPOLIS MN 55405	LYNN LUKKAS & PETER FRENZ	RESIDENTIAL-TWO UNIT	$710,200	148 ft

Property History

Most Recent Sale

Date201512

Price$475,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,607