2612 EMERSON AVE S MINNEAPOLIS MN 55408

PID: 3302924420140

Property Overview

Parcel ID3302924420140

OwnerELLEN CRAIN & STEPHEN CRANE

Lot Size5,672 sq ft (0.130 ac)

Lot Dimensions (est.)128 ft wide × 44 ft deep

Year Built1908

Property ClassRESIDENTIAL

Assessed Value$670,000

Land Value$133,000

Building Value$537,000

Annual Tax$10,927

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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 rent1,194/mo

Renter-occupied84.0%

Median home value$388K

Vacancy rate3.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1067

Market Snapshot

Zip code 55408

Median sale price$400K+9.5% YoY

Median price / sqft$203/sqft

Median days to close61 days

Active listings61

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width34 ft

Buildable depth89 ft

Area~3,020 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 3,020 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2616 EMERSON AVE S MINNEAPOLIS MN 55408	DEVIN CHARLES WATERMAN	RESIDENTIAL	$377,000	45 ft
2610 EMERSON AVE S MINNEAPOLIS MN 55408	FELISA L RITZMAN	RESIDENTIAL-TWO UNIT	$424,500	47 ft
2622 EMERSON AVE S MINNEAPOLIS MN 55408	YVONNE A GOSS	RESIDENTIAL	$570,000	88 ft
2606 EMERSON AVE S MINNEAPOLIS MN 55408	I L MCROBERTS/K T MCROBERTS	RESIDENTIAL-TWO UNIT	$680,800	93 ft
2624 EMERSON AVE S MINNEAPOLIS MN 55408	ALICIA STARR	RESIDENTIAL-TWO UNIT	$486,200	130 ft
2604 EMERSON AVE S MINNEAPOLIS MN 55408	THOMAS R MONTGOMERY	APARTMENT	$469,000	136 ft
2613 FREMONT AVE S MINNEAPOLIS MN 55408	ROY M MARTENS	TRIPLEX	$510,500	140 ft
2619 FREMONT AVE S MINNEAPOLIS MN 55408	JEFFREY LOVRENCEVIC ET AL	RESIDENTIAL	$322,000	146 ft
2609 FREMONT AVE S MINNEAPOLIS MN 55408	HALLETT PROPERTIES LLC	APARTMENT	$1,894,000	151 ft
2621 FREMONT AVE S MINNEAPOLIS MN 55408	BROOKS JOWETT	RESIDENTIAL	$485,000	163 ft

Property History

Most Recent Sale

Date202508

Price$675,000

TypeWARRANTY

Current Tax Year

Year2026

Tax Due$10,927