2633 DUPONT AVE S MINNEAPOLIS MN 55408

PID: 3302924410221

Property Overview

Parcel ID3302924410221

Lot Size5,152 sq ft (0.118 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1900

Property ClassTRIPLEX

OwnerKESSEL PROPERTY MGMT CORP

Assessed Value$630,300

Land Value$127,000

Building Value$503,300

Annual Tax$11,924

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Lowry Hill East · Minneapolis

Median reported rent1,194/mo

Renter-occupied84.0%

Median home value$388K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1067

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 width30 ft

Buildable depth89 ft

Area~2,663 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 2,663 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2637 DUPONT AVE S MINNEAPOLIS MN 55408	2637 DUPONT TRUST	RESIDENTIAL	$200,000	40 ft
2629 DUPONT AVE S MINNEAPOLIS MN 55408	MICHELLE D PETERSON	RESIDENTIAL	$416,000	40 ft
2641 DUPONT AVE S MINNEAPOLIS MN 55408	H A ADAMS & J A FRIEL	RESIDENTIAL	$361,000	80 ft
2625 DUPONT AVE S MINNEAPOLIS MN 55408	GREGORY P LEHAN TRUST	RESIDENTIAL	$574,000	80 ft
2645 DUPONT AVE S MINNEAPOLIS MN 55408	VALERIE BLOMBERG	APARTMENT	$658,000	120 ft
2621 DUPONT AVE S MINNEAPOLIS MN 55408	KATHLEEN M PABST	RESIDENTIAL	$453,000	120 ft
2632 COLFAX AVE S MINNEAPOLIS MN 55408	YUHANG CHENG & LING QI	RESIDENTIAL-TWO UNIT	$415,800	140 ft
2628 COLFAX AVE S MINNEAPOLIS MN 55408	J K SEARL & D R BOISCLAIR	RESIDENTIAL-TWO UNIT	$450,300	146 ft
2640 COLFAX AVE S MINNEAPOLIS MN 55408	COLFAX AB LLC	APARTMENT	$1,972,000	156 ft
2649 DUPONT AVE S MINNEAPOLIS MN 55408	T R & N M LARSON	RESIDENTIAL	$264,000	160 ft

Property History

Most Recent Sale

Date200001

Price$261,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,924