118 29TH ST W MINNEAPOLIS MN 55408

PID: 3402924340275

Property Overview

Parcel ID3402924340275

Lot Size7,658 sq ft (0.176 ac)

Lot Dimensions (est.)85 ft wide × 90 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerM BALBOA & A CHIMBORAZO

Assessed Value$337,900

Land Value$146,000

Building Value$191,900

Annual Tax$7,368

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 ↗

Cultural District — East Lake StreetHigh

Within the East Lake Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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 width75 ft

Buildable depth50 ft

Area~3,760 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 3,760 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2829 PILLSBURY AVE MINNEAPOLIS MN 55408	2829 PILLSBURY LLC	APARTMENT	$556,000	85 ft
2825 PILLSBURY AVE MINNEAPOLIS MN 55408	HALIMA MUHUMED	RESIDENTIAL	$279,200	85 ft
114 29TH ST W MINNEAPOLIS MN 55408	MATTHEW CHARTRAND	RESIDENTIAL	$359,600	95 ft
2819 PILLSBURY AVE MINNEAPOLIS MN 55408	EAT STREET PORTFOLIO LLC	APARTMENT	$2,068,000	98 ft
106 29TH ST W MINNEAPOLIS MN 55408	FAST METRO SERVICE LLC	RESIDENTIAL-TWO UNIT	$277,300	147 ft
2813 PILLSBURY AVE MINNEAPOLIS MN 55408	PPL DECC LIMITED PARTNERSHIP	LOW INCOME RENTAL	$768,000	163 ft
119 29TH ST W MINNEAPOLIS MN 55408	ANDREW G BAIRD	RESIDENTIAL	$183,500	164 ft
117 29TH ST W MINNEAPOLIS MN 55408	NATHAN J YUNGERBERG	RESIDENTIAL	$213,500	167 ft
121 29TH ST W MINNEAPOLIS MN 55408	ALEX ERICKSON	RESIDENTIAL	$238,600	168 ft
2820 BLAISDELL AVE MINNEAPOLIS MN 55408	EAT STREET PORTFOLIO LLC	APARTMENT	$2,217,000	171 ft

Property History

Most Recent Sale

Date200104

Price$124,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,368