3221 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824240095

Property Overview

Parcel ID0302824240095

Lot Size7,491 sq ft (0.172 ac)

Lot Dimensions (est.)180 ft wide × 42 ft deep

Year Built1912

Property ClassRESIDENTIAL-TWO UNIT

OwnerJUICEBOX HERO LLC

Assessed Value$540,800

Land Value$132,000

Building Value$408,800

Annual Tax$8,515

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

1 permit on record since 2019 · $2K total declared value · Most recent: May 2019 (addition)

AdditionMay 2019Closed

$2K

PR Concrete LLC

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

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 width32 ft

Buildable depth138 ft

Area~4,426 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 4,426 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
3225 PILLSBURY AVE MINNEAPOLIS MN 55408	N DIMICK & J BIBELHAUSEN	RESIDENTIAL	$272,700	42 ft
3215 PILLSBURY AVE MINNEAPOLIS MN 55408	HARSHA VENKATESHA KOUSHIK	CONDOMINIUM	$128,400	63 ft
3215 PILLSBURY AVE MINNEAPOLIS MN 55408	MABEL JOAN NELIMA SITATI	CONDOMINIUM	$129,400	63 ft
3215 PILLSBURY AVE MINNEAPOLIS MN 55408	DANIEL J ROSENTHAL	CONDOMINIUM	$127,400	63 ft
3215 PILLSBURY AVE MINNEAPOLIS MN 55408	COLIN LIAMETZ	CONDOMINIUM	$118,600	63 ft
3215 PILLSBURY AVE MINNEAPOLIS MN 55408	M KIRIAKOS-ASKARI REV LIV TR	CONDOMINIUM	$128,400	63 ft
3215 PILLSBURY AVE MINNEAPOLIS MN 55408	M C KIRIAKOS-ASKARI TRUST	CONDOMINIUM	$128,400	63 ft
3215 PILLSBURY AVE MINNEAPOLIS MN 55408	KATY BRIGGS	CONDOMINIUM	$120,500	63 ft
3215 PILLSBURY AVE MINNEAPOLIS MN 55408	MARI S GADES	CONDOMINIUM	$126,400	63 ft
3215 PILLSBURY AVE MINNEAPOLIS MN 55408	JORDAN LENNOP	CONDOMINIUM	$128,400	63 ft

Property History

Most Recent Sale

Date201403

Price$308,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,515