2820 29TH AVE S MINNEAPOLIS MN 55406

PID: 3602924440061

Property Overview

Parcel ID3602924440061

Lot Size7,538 sq ft (0.173 ac)

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

Year Built1912

Property ClassRESIDENTIAL

OwnerRONALD W NELSON

Assessed Value$250,600

Land Value$109,000

Building Value$141,600

Annual Tax$3,542

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

2 permits on record since 2023 · $15K total declared value · Most recent: Jul 2024 (res)

ResJul 2024Expired

Urban Pine Plumbing and Mechanical Inc

MiscSep 2023Closed

$15K

American Roofing & Siding

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

Neighborhood Profile

Longfellow · Minneapolis

Median reported rent1,200/mo

Renter-occupied43.8%

Median home value$252K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1074

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width38 ft

Buildable depth117 ft

Area~4,447 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 4,447 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2816 29TH AVE S MINNEAPOLIS MN 55406	BEVERLY CLARK ET AL SUBJ/LE	RESIDENTIAL	$329,200	48 ft
2824 29TH AVE S MINNEAPOLIS MN 55406	ELLEN E SMART	RESIDENTIAL	$315,500	48 ft
2812 29TH AVE S MINNEAPOLIS MN 55406	301 17TH HOLDING LLC	RESIDENTIAL-TWO UNIT	$353,500	96 ft
2828 29TH AVE S MINNEAPOLIS MN 55406	AMANDA MAYER & JASON ERMER	RESIDENTIAL	$299,600	96 ft
2810 29TH AVE S MINNEAPOLIS MN 55406	JESSE PURVEY	RESIDENTIAL-TWO UNIT	$356,200	144 ft
2832 29TH AVE S MINNEAPOLIS MN 55406	SUMANTH GOPINATH	RESIDENTIAL	$315,300	144 ft
2821 28TH AVE S MINNEAPOLIS MN 55406	E CHANG & S B LOUREY	RESIDENTIAL	$292,400	173 ft
2817 28TH AVE S MINNEAPOLIS MN 55406	VIOLET J REYES	RESIDENTIAL	$310,100	179 ft
2825 28TH AVE S MINNEAPOLIS MN 55406	SARAH BIGELOW/MARY FERGUSON	RESIDENTIAL	$327,100	180 ft
2804 29TH AVE S MINNEAPOLIS MN 55406	A C W ANDERSON/S B ANDERSON	RESIDENTIAL	$292,800	192 ft

Property History

Most Recent Sale

Date198907

Price$63,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,542