2719 DUPONT AVE S MINNEAPOLIS MN 55408

PID: 3302924410232

Property Overview

Parcel ID3302924410232

Lot Size8,914 sq ft (0.205 ac)

Lot Dimensions (est.)129 ft wide × 69 ft deep

Year Built1900

Property ClassAPARTMENT

OwnerI P & I R KRIEVANS

Assessed Value$726,000

Land Value$444,700

Building Value$281,300

Annual Tax$13,734

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 2023 · Most recent: Mar 2023 (res)

ResMar 2023Closed

CenterPoint Energy Resource Corp

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

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 width59 ft

Buildable depth89 ft

Area~5,255 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 5,255 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2725 DUPONT AVE S MINNEAPOLIS MN 55408	2725 DUPONT AVE S LLC	RESIDENTIAL-TWO UNIT	$470,700	56 ft
2715 DUPONT AVE S MINNEAPOLIS MN 55408	SELA GROUP LLC	LOW INCOME RENTAL	$2,300,000	69 ft
2727 DUPONT AVE S MINNEAPOLIS MN 55408	ANDREW M GLOCKNER	RESIDENTIAL-TWO UNIT	$473,400	88 ft
MN	Unknown	—	—	96 ft
2731 DUPONT AVE S MINNEAPOLIS MN 55408	H AND H REAL ESTATE LLC	RESIDENTIAL-TWO UNIT	$441,800	123 ft
2711 DUPONT AVE S MINNEAPOLIS MN 55408	HAILEY LEON	RESIDENTIAL	$393,000	127 ft
2720 COLFAX AVE S MINNEAPOLIS MN 55408	DOLORES A WAALK	RESIDENTIAL	$378,000	141 ft
2716 COLFAX AVE S MINNEAPOLIS MN 55408	D & M KRAUSE	RESIDENTIAL	$475,000	145 ft
2726 COLFAX AVE S MINNEAPOLIS MN 55408	KI COLFAX LLC	APARTMENT	$725,000	158 ft
2712 COLFAX AVE S MINNEAPOLIS MN 55408	PER HANNES MALMBERG	RESIDENTIAL	$579,200	162 ft

Property History

Most Recent Sale

Date199704

Price$145,000

TypeCONTRACT FOR DEED

Current Tax Year

Year2026

Tax Due$13,734