3405 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310067

Property Overview

Parcel ID0302824310067

Lot Size4,676 sq ft (0.107 ac)

Lot Dimensions (est.)117 ft wide × 40 ft deep

Year Built1897

Property ClassRESIDENTIAL

OwnerJOEL A HOBART/JULIE M HOBART

Assessed Value$273,000

Land Value$108,000

Building Value$165,000

Annual Tax$3,917

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 2018 · $6K total declared value · Most recent: Jan 2022 (existres)

ExistresJan 2022Closed

Hero Home Services LLC

MiscSep 2018Closed

$6K

RENEWAL BY ANDERSEN CORP

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 depth77 ft

Area~2,306 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 2,306 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
3401 PILLSBURY AVE MINNEAPOLIS MN 55408	TALL TREE LLC	RESIDENTIAL	$343,000	38 ft
3409 PILLSBURY AVE MINNEAPOLIS MN 55408	SUAD AHMED HASSAN	RESIDENTIAL	$327,200	40 ft
117 34TH ST W MINNEAPOLIS MN 55408	ROXBURY CENTER INC	APARTMENT	$569,000	83 ft
3411 PILLSBURY AVE MINNEAPOLIS MN 55408	S A SAVAGE & G N SAVAGE	TRIPLEX	$648,600	84 ft
3415 PILLSBURY AVE MINNEAPOLIS MN 55408	THERESA JANE THOMAS	RESIDENTIAL	$435,000	123 ft
3400 PILLSBURY AVE MINNEAPOLIS MN 55408	DENNIS LOUIS LODERMEIER	RESIDENTIAL	$237,300	160 ft
3419 PILLSBURY AVE MINNEAPOLIS MN 55408	S A ZAHN & A B ZAHN	RESIDENTIAL	$406,400	162 ft
3341 PILLSBURY AVE MINNEAPOLIS MN 55408	D WEICKER & A W MICKMAN	RESIDENTIAL	$406,700	163 ft
3425 PILLSBURY AVE MINNEAPOLIS MN 55408	T LAUER/S LAUER/S LAUER	RESIDENTIAL	$366,900	201 ft
207 34TH ST W MINNEAPOLIS MN 55408	E M JOHNSON & A Z MERIMS	RESIDENTIAL	$270,700	204 ft

Property History

Most Recent Sale

Date199909

Price$129,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,917