124 35TH ST W MINNEAPOLIS MN 55408

PID: 0302824310056

Property Overview

Parcel ID0302824310056

Lot Size4,783 sq ft (0.110 ac)

Lot Dimensions (est.)42 ft wide × 113 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerEZRA THORMODSGAARD ET AL

Assessed Value$429,000

Land Value$96,000

Building Value$333,000

Annual Tax$6,530

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

2 permits on record since 2024 · $10K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Closed

CenterPoint Energy Resource Corp

MiscMar 2024Closed

$10K

1ST TEAM EXTERIORS

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

Neighborhood Profile

Lyndale · Minneapolis

Median reported rent1,194/mo

Renter-occupied53.6%

Median home value$326K

Vacancy rate10.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1093

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 depth74 ft

Area~2,365 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 2,365 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
120 35TH ST W MINNEAPOLIS MN 55408	ZOEY C S WAGNER SUBJ/L E	RESIDENTIAL	$262,200	42 ft
128 35TH ST W MINNEAPOLIS MN 55408	MATTHEW DUEA	RESIDENTIAL-TWO UNIT	$527,100	42 ft
3445 PILLSBURY AVE MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	79 ft
132 35TH ST W MINNEAPOLIS MN 55408	D GALLAGHER & L MK GALLAGHER	RESIDENTIAL	$407,000	83 ft
112 35TH ST W MINNEAPOLIS MN 55408	THOMAS ATCHISON & C WOLD	RESIDENTIAL	$387,000	109 ft
3441 PILLSBURY AVE MINNEAPOLIS MN 55408	THERESA JANE THOMAS	RESIDENTIAL	$208,800	118 ft
3437 PILLSBURY AVE MINNEAPOLIS MN 55408	AMANDA J JOHNSON	RESIDENTIAL	$312,000	158 ft
104 35TH ST W MINNEAPOLIS MN 55408	NORMA J PIETZ ETAL	RESIDENTIAL	$338,000	171 ft
121 35TH ST W MINNEAPOLIS MN 55408	WILLIAM VOJE	RESIDENTIAL	$303,800	175 ft
3444 BLAISDELL AVE MINNEAPOLIS MN 55408	CALI MASTNY & OLIVIA MACKALL	RESIDENTIAL	$471,200	180 ft

Property History

Most Recent Sale

Date201307

Price$339,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,530