2808 FREMONT AVE S MINNEAPOLIS MN 55408

PID: 3302924430017

Property Overview

Parcel ID3302924430017

Lot Size5,772 sq ft (0.133 ac)

Lot Dimensions (est.)129 ft wide × 45 ft deep

Year Built1903

Property ClassRESIDENTIAL

OwnerTERRI ANN KARIS

Assessed Value$423,800

Land Value$133,000

Building Value$290,800

Annual Tax$6,455

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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 rent1,679/mo

Renter-occupied91.6%

Median home value$386K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 77

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width35 ft

Buildable depth88 ft

Area~3,090 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 3-story wood frame (5–12 units) benchmarks for 3,090 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2804 FREMONT AVE S MINNEAPOLIS MN 55408	BETH P HARRINGTON	RESIDENTIAL	$529,600	45 ft
2810 FREMONT AVE S MINNEAPOLIS MN 55408	2812 FREMONT LLC	APARTMENT	$2,113,000	45 ft
2800 FREMONT AVE S MINNEAPOLIS MN 55408	VARGHESE JOHN/PRAMOL MATHEW	RESIDENTIAL-TWO UNIT	$416,100	93 ft
1309 28TH ST W MINNEAPOLIS MN 55408	1309 W 28TH LLC	TRIPLEX	$449,600	98 ft
2817 GIRARD AVE S MINNEAPOLIS MN 55408	WDC INVESTMENTS 3 LLC	APARTMENT	$11,750,000	154 ft
2801 GIRARD AVE S MINNEAPOLIS MN 55408	2801 GIRARD AVENUE SOUTH LLC	LOW INCOME RENTAL	$1,636,000	155 ft
2809 FREMONT AVE S MINNEAPOLIS MN 55408	FREMONT TERRACE APTS LLC	APARTMENT	$5,060,000	188 ft
2756 FREMONT AVE S MINNEAPOLIS MN 55408	BEDROCK REAL ESTATE LLC	RESIDENTIAL-TWO UNIT	$364,500	215 ft
2750 FREMONT AVE S MINNEAPOLIS MN 55408	BLAKE C VEITENHEIMER	RESIDENTIAL	$332,000	259 ft
1310 28TH ST W MINNEAPOLIS MN 55408	T J SIMMONS & T A BRYAN	APARTMENT	$438,000	262 ft

Property History

Most Recent Sale

Date198609

Price$78,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,455