2621 HUMBOLDT AVE S MINNEAPOLIS MN 55408

PID: 3302924310182

Property Overview

Parcel ID3302924310182

Lot Size10,903 sq ft (0.250 ac)

Lot Dimensions (est.)177 ft wide × 62 ft deep

Year Built1910

Property ClassCONDOMINIUM

OwnerE R HANDSCHY & C H LORD

Assessed Value$190,000

Land Value$50,000

Building Value$140,000

Annual Tax$2,519

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

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 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width56 ft

Buildable depth125 ft

Area~7,008 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 7,008 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2621 HUMBOLDT AVE S MINNEAPOLIS MN 55408	T J DE ROOS & D W HAUSCHULZ	CONDOMINIUM	$375,000	0 ft
2621 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JAMES LAWRENCE LAMB	CONDOMINIUM	$377,000	0 ft
2621 HUMBOLDT AVE S MINNEAPOLIS MN 55408	J L O'CONNELL & K O'CONNELL	CONDOMINIUM	$381,000	0 ft
2621 HUMBOLDT AVE S MINNEAPOLIS MN 55408	KLAVEN-EISEN REVOCABLE TRUST	CONDOMINIUM	$381,000	0 ft
2621 HUMBOLDT AVE S MINNEAPOLIS MN 55408	MARCIA K MILLER	CONDOMINIUM	$384,000	0 ft
2621 HUMBOLDT AVE S MINNEAPOLIS MN 55408	CHRISTOPHER J SCHWARTZ	CONDOMINIUM	$382,000	0 ft
MN	Unknown	—	—	0 ft
2617 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JAMES L KRAFT	TRIPLEX	$514,600	54 ft
2627 HUMBOLDT AVE S MINNEAPOLIS MN 55408	JOHN P ERNST	RESIDENTIAL-TWO UNIT	$661,400	61 ft
2615 HUMBOLDT AVE S MINNEAPOLIS MN 55408	PATRICIA L NICHOLS TRUST	RESIDENTIAL	$721,300	97 ft

Property History

Most Recent Sale

Date202211

Price$199,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,519