3431 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310060

Property Overview

Parcel ID0302824310060

Lot Size6,674 sq ft (0.153 ac)

Lot Dimensions (est.)167 ft wide × 40 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerELAINE G HANSON

Assessed Value$216,000

Land Value$127,000

Building Value$89,000

Annual Tax$2,963

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 2021 · $40K total declared value · Most recent: Jun 2025 (misc)

MiscJun 2025Inspection

$33K

Siding Unlimited Inc

MiscOct 2021Closed

$8K

eRoof LLC

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

Neighborhood Profile

Lyndale · Minneapolis

Median reported rent1,194/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 width30 ft

Buildable depth127 ft

Area~3,805 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 3,805 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
3437 PILLSBURY AVE MINNEAPOLIS MN 55408	AMANDA J JOHNSON	RESIDENTIAL	$312,000	40 ft
3427 PILLSBURY AVE MINNEAPOLIS MN 55408	TRINH LLC	RESIDENTIAL	$276,000	40 ft
3441 PILLSBURY AVE MINNEAPOLIS MN 55408	THERESA JANE THOMAS	RESIDENTIAL	$208,800	80 ft
3425 PILLSBURY AVE MINNEAPOLIS MN 55408	T LAUER/S LAUER/S LAUER	RESIDENTIAL	$366,900	80 ft
3445 PILLSBURY AVE MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	120 ft
3419 PILLSBURY AVE MINNEAPOLIS MN 55408	S A ZAHN & A B ZAHN	RESIDENTIAL	$406,400	120 ft
3415 PILLSBURY AVE MINNEAPOLIS MN 55408	THERESA JANE THOMAS	RESIDENTIAL	$435,000	160 ft
3434 BLAISDELL AVE MINNEAPOLIS MN 55408	MARK JAY SEVERTSGAARD JR	RESIDENTIAL-TWO UNIT	$316,300	183 ft
3436 BLAISDELL AVE MINNEAPOLIS MN 55408	DAVID ALAN PELTO	RESIDENTIAL	$376,000	186 ft
3428 BLAISDELL AVE MINNEAPOLIS MN 55408	JONATHAN J BECKEL	RESIDENTIAL	$642,900	187 ft

Property History

Current Tax Year

Year2026

Tax Due$2,963