3042 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824210024

Property Overview

Parcel ID0302824210024

Lot Size7,734 sq ft (0.178 ac)

Lot Dimensions (est.)165 ft wide × 47 ft deep

Year Built1884

Property ClassRESIDENTIAL-TWO UNIT

OwnerTOP INTEGRITY INVESTMNTS LLC

Assessed Value$518,200

Land Value$135,000

Building Value$383,200

Annual Tax$12,110

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Lyndale · Minneapolis

Median reported rent1,022/mo

Renter-occupied73.1%

Median home value$318K

Vacancy rate5.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 82

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

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 width37 ft

Buildable depth125 ft

Area~4,608 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 4,608 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
3036 PILLSBURY AVE MINNEAPOLIS MN 55408	SIYAT A. ABDULLAHI	VACANT LAND-APARTMENT	$137,500	47 ft
3044 PILLSBURY AVE MINNEAPOLIS MN 55408	MICHAEL J NYSTUEN	RESIDENTIAL	$509,000	54 ft
212 31ST ST W MINNEAPOLIS MN 55408	DANA THOMPSON TRUST	RESIDENTIAL	$166,800	73 ft
3032 PILLSBURY AVE MINNEAPOLIS MN 55408	VILLA NOVA PRESERVATN JV LLC	APARTMENT	$1,723,000	117 ft
214 31ST ST W MINNEAPOLIS MN 55408	MARTHA CAMACHO	RESIDENTIAL	$252,000	121 ft
216 31ST ST W MINNEAPOLIS MN 55408	LYNDALE NGHBRHD ASSOC	VACANT LAND-APARTMENT	$76,900	153 ft
3024 PILLSBURY AVE MINNEAPOLIS MN 55408	VILLA NOVA PRESERVATN JV LLC	APARTMENT	$1,057,000	188 ft
MN	Unknown	—	—	189 ft
201 31ST ST W MINNEAPOLIS MN 55408	DOROTHY A BALEN	CONDOMINIUM	$244,000	189 ft
203 31ST ST W MINNEAPOLIS MN 55408	JODI HANSLICK	CONDOMINIUM	$247,000	189 ft

Property History

Most Recent Sale

Date202204

Price$390,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,110