2867 JAMES AVE S MINNEAPOLIS MN 55408

PID: 3302924340118

Property Overview

Parcel ID3302924340118

Lot Size5,257 sq ft (0.121 ac)

Lot Dimensions (est.)127 ft wide × 41 ft deep

Year Built1915

Property ClassCONDOMINIUM

OwnerBEN G LASKI & SANDRA J LASKI

Assessed Value$315,000

Land Value$89,000

Building Value$226,000

Annual Tax$4,603

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

2 permits on record since 2020 · $47K total declared value · Most recent: Mar 2021 (roofwind)

RoofwindMar 2021Closed

$38K

KAUFMAN SHEET METAL ROOFING INC

Commercial Multi-FamilyMar 2020Closed

$9K

McQuillan Bros Plumbing Heating & AC LLC

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 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 width28 ft

Buildable depth98 ft

Area~135 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 135 sqft buildable area.

Est. units

Yield on cost

8.4%

Spread

+2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2867 JAMES AVE S MINNEAPOLIS MN 55408	DANIEL PARKINSON	CONDOMINIUM	$323,000	0 ft
2867 JAMES AVE S MINNEAPOLIS MN 55408	JOSEPHINE A CLARK	CONDOMINIUM	$312,000	0 ft
2867 JAMES AVE S MINNEAPOLIS MN 55408	M L BREUNIG & K A ANDERSON	CONDOMINIUM	$318,000	0 ft
MN	Unknown	—	—	0 ft
2863 JAMES AVE S MINNEAPOLIS MN 55408	WHITNEY D TOPE	RESIDENTIAL	$739,000	46 ft
2859 JAMES AVE S MINNEAPOLIS MN 55408	SAMUEL BANNON KIRCHMEIER	RESIDENTIAL	$900,000	96 ft
2860 IRVING AVE S MINNEAPOLIS MN 55408	ZACHARY & SARAH MADISON	RESIDENTIAL	$602,000	141 ft
2864 IRVING AVE S MINNEAPOLIS MN 55408	MICHAEL J FEDDERSEN	RESIDENTIAL	$1,245,000	144 ft
2856 IRVING AVE S MINNEAPOLIS MN 55408	JUDY A ENENSTEIN	RESIDENTIAL-TWO UNIT	$620,000	158 ft
2855 JAMES AVE S MINNEAPOLIS MN 55408	P LUXENBERG & H LUXENBERG	RESIDENTIAL	$1,369,400	158 ft

Property History

Most Recent Sale

Date202304

Price$345,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,603