2922 PLEASANT AVE MINNEAPOLIS MN 55408

PID: 3402924330039

Property Overview

Parcel ID3402924330039

Lot Size4,944 sq ft (0.113 ac)

Lot Dimensions (est.)123 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerAMI ELECTRONICS INC

Assessed Value$285,700

Land Value$109,000

Building Value$176,700

Annual Tax$7,468

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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 width30 ft

Buildable depth84 ft

Area~2,507 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 2,507 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2916 PLEASANT AVE MINNEAPOLIS MN 55408	AMI ELECTRONICS INC	LAND-COMMERCIAL	$197,700	40 ft
2928 PLEASANT AVE MINNEAPOLIS MN 55408	SABRI PROPERTIES LLC	LAND-COMMERCIAL	$395,400	60 ft
2912 PLEASANT AVE MINNEAPOLIS MN 55408	AMI ELECTRONICS INC	APARTMENT	$623,400	80 ft
2932 PLEASANT AVE MINNEAPOLIS MN 55408	SABRI PROPERTIES LLC	LAND-COMMERCIAL	$173,000	117 ft
2900 PLEASANT AVE MINNEAPOLIS MN 55408	RANA VILLAGE LLC	APARTMENT	$21,808,000	132 ft
2942 PLEASANT AVE MINNEAPOLIS MN 55408	GRASS ROOTS & BRICKS LLC	COMMERCIAL-PREFERRED	$1,000,000	188 ft
2900 PLEASANT AVE MINNEAPOLIS MN 55408	HENNEPIN CO REGIONAL RR AUTH	LAND-COMMERCIAL	$0	215 ft
2937 PLEASANT AVE MINNEAPOLIS MN 55408	YUSUF CORNER LLC	COMMERCIAL-NON PREFERRED	$3,390,000	234 ft
2901 GRAND AVE S MINNEAPOLIS MN 55408	HENNEPIN CO REGIONAL RR AUTH	LAND-COMMERCIAL	$0	251 ft
312 LAKE ST W MINNEAPOLIS MN 55408	KARMEL WEST LLC	COMMERCIAL-PREFERRED	$2,675,000	255 ft

Property History

Most Recent Sale

Date202106

Price$550,000

TypeSALE INCLUDES MORE THAN ONE PARCEL

Current Tax Year

Year2026

Tax Due$7,468