3400 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310070

Property Overview

Parcel ID0302824310070

Lot Size5,068 sq ft (0.116 ac)

Lot Dimensions (est.)44 ft wide × 115 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerDENNIS LOUIS LODERMEIER

Assessed Value$237,300

Land Value$113,000

Building Value$124,300

Annual Tax$3,320

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

1 permit on record since 2019 · Most recent: Nov 2019 (existres)

ExistresNov 2019Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth75 ft

Area~400 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 sfr / adu benchmarks for 400 sqft buildable area.

Est. units

Yield on cost

4.9%

Spread

-0.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
207 34TH ST W MINNEAPOLIS MN 55408	E M JOHNSON & A Z MERIMS	RESIDENTIAL	$270,700	43 ft
211 34TH ST W MINNEAPOLIS MN 55408	M A PETERSON & A Q PETERSON	RESIDENTIAL	$258,700	86 ft
3410 PILLSBURY AVE MINNEAPOLIS MN 55408	J A DANZL & T R LAGE	RESIDENTIAL	$383,300	100 ft
215 34TH ST W MINNEAPOLIS MN 55408	THOMAS FELTON/JESSICA FELTON	RESIDENTIAL	$290,700	126 ft
3416 PILLSBURY AVE MINNEAPOLIS MN 55408	M A BARLOW/A C MALLE-BARLOW	RESIDENTIAL	$412,300	133 ft
3405 PILLSBURY AVE MINNEAPOLIS MN 55408	JOEL A HOBART/JULIE M HOBART	RESIDENTIAL	$273,000	160 ft
3409 PILLSBURY AVE MINNEAPOLIS MN 55408	SUAD AHMED HASSAN	RESIDENTIAL	$327,200	164 ft
3401 PILLSBURY AVE MINNEAPOLIS MN 55408	TALL TREE LLC	RESIDENTIAL	$343,000	165 ft
3420 PILLSBURY AVE MINNEAPOLIS MN 55408	MICHAEL W SUHR	RESIDENTIAL-TWO UNIT	$521,600	170 ft
217 34TH ST W MINNEAPOLIS MN 55408	KATHLEEN M MCGEE	RESIDENTIAL	$285,200	183 ft

Property History

Most Recent Sale

Date198409

Price$70,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,320