2735 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 3302924420109

Property Overview

Parcel ID3302924420109

Lot Size5,156 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerLAWRENCE E SALZMAN III

Assessed Value$505,500

Land Value$134,000

Building Value$371,500

Annual Tax$9,563

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

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~2,665 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 2,665 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
2739 FREMONT AVE S MINNEAPOLIS MN 55408	G W TARAGOS/L OLSON TARAGOS	RESIDENTIAL	$438,000	40 ft
2731 FREMONT AVE S MINNEAPOLIS MN 55408	PATRICK GELLINGS	RESIDENTIAL-TWO UNIT	$498,100	40 ft
2729 FREMONT AVE S MINNEAPOLIS MN 55408	THOMAS M HOSKAMER	RESIDENTIAL	$263,000	72 ft
2741 FREMONT AVE S MINNEAPOLIS MN 55408	MARLIN L ROTHE	RESIDENTIAL	$397,000	80 ft
2725 FREMONT AVE S MINNEAPOLIS MN 55408	A G BRUSENTSEV REV TR ET AL	RESIDENTIAL-TWO UNIT	$618,300	105 ft
2745 FREMONT AVE S MINNEAPOLIS MN 55408	MARJORIE J OLSON ETAL	RESIDENTIAL-TWO UNIT	$575,800	120 ft
2736 EMERSON AVE S MINNEAPOLIS MN 55408	DANIEL POLLACK	TRIPLEX	$527,800	140 ft
2721 FREMONT AVE S MINNEAPOLIS MN 55408	ERIC M HERMANSON	RESIDENTIAL-TWO UNIT	$514,300	146 ft
2732 EMERSON AVE S MINNEAPOLIS MN 55408	STEVEN BAUER & JAMES D BAUER	RESIDENTIAL-TWO UNIT	$462,600	146 ft
2738 EMERSON AVE S MINNEAPOLIS MN 55408	BRAEDON BALFANY	RESIDENTIAL-TWO UNIT	$443,000	146 ft

Property History

Most Recent Sale

Date201011

Price$384,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,563