2544 29TH AVE S MINNEAPOLIS MN 55406

PID: 3602924140095

Property Overview

Parcel ID3602924140095

Lot Size7,538 sq ft (0.173 ac)

Lot Dimensions (est.)157 ft wide × 48 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerARFON FARAH PROPERTIES LLC

Assessed Value$338,500

Land Value$152,000

Building Value$186,500

Annual Tax$4,588

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2018 · $4K total declared value · Most recent: Sep 2025 (res)

ResSep 2025Closed

Appliance Connections INC

MiscOct 2018Closed

$4K

BAYPORT ROOFING AND SIDING LLC

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent1,337/mo

Renter-occupied28.1%

Median home value$329K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1075

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width144 ft

Buildable depth8 ft

Area~4,096 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 4,096 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2542 29TH AVE S MINNEAPOLIS MN 55406	K A KUHN & V A LACKOVIC	RESIDENTIAL	$336,500	48 ft
2536 29TH AVE S MINNEAPOLIS MN 55406	KRISTINE M SMITH TRSTE ET AL	RESIDENTIAL	$381,800	96 ft
2812 26TH ST E MINNEAPOLIS MN 55406	SOMALI SUCCESS SCHOOL	COMMERCIAL-PREFERRED	$0	142 ft
2532 29TH AVE S MINNEAPOLIS MN 55406	ERIK & ANN KLEINER JT TRUST	RESIDENTIAL	$429,700	144 ft
2821 26TH ST E MINNEAPOLIS MN 55406	JENNIFER SHARON BUSH	RESIDENTIAL-TWO UNIT	$249,300	153 ft
2600 29TH AVE S MINNEAPOLIS MN 55406	MARY K MAHONEY	RESIDENTIAL	$375,000	157 ft
2817 26TH ST E MINNEAPOLIS MN 55406	PENGUIN PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$322,800	164 ft
2528 29TH AVE S MINNEAPOLIS MN 55406	A M WALTERS & M A SAMUELSON	RESIDENTIAL	$327,800	192 ft
2900 26TH ST E MINNEAPOLIS MN 55406	R A & W E EPSTEIN	RESIDENTIAL-TWO UNIT	$372,800	193 ft
2537 28TH AVE S MINNEAPOLIS MN 55406	HOWARD D MOY TRUST	RESIDENTIAL	$252,400	197 ft

Property History

Most Recent Sale

Date202510

Price$327,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,588