3420 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310076

Property Overview

Parcel ID0302824310076

Lot Size6,714 sq ft (0.154 ac)

Lot Dimensions (est.)168 ft wide × 40 ft deep

Year Built1915

Property ClassRESIDENTIAL-TWO UNIT

OwnerMICHAEL W SUHR

Assessed Value$521,600

Land Value$127,000

Building Value$394,600

Annual Tax$8,150

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

No permits found in Minneapolis open data for this parcel.

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 depth128 ft

Area~3,835 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 3,835 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
3416 PILLSBURY AVE MINNEAPOLIS MN 55408	M A BARLOW/A C MALLE-BARLOW	RESIDENTIAL	$412,300	40 ft
3424 PILLSBURY AVE MINNEAPOLIS MN 55408	BERT M THOMPSON	TRIPLEX	$608,000	40 ft
3410 PILLSBURY AVE MINNEAPOLIS MN 55408	J A DANZL & T R LAGE	RESIDENTIAL	$383,300	80 ft
3428 PILLSBURY AVE MINNEAPOLIS MN 55408	C J EHRLICH SOMES & E SOMES	RESIDENTIAL	$342,800	80 ft
3432 PILLSBURY AVE MINNEAPOLIS MN 55408	N BROOKS III & L BROOKS	RESIDENTIAL-TWO UNIT	$428,500	120 ft
211 34TH ST W MINNEAPOLIS MN 55408	M A PETERSON & A Q PETERSON	RESIDENTIAL	$258,700	159 ft
207 34TH ST W MINNEAPOLIS MN 55408	E M JOHNSON & A Z MERIMS	RESIDENTIAL	$270,700	159 ft
3436 PILLSBURY AVE MINNEAPOLIS MN 55408	REVIVAL PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$467,100	160 ft
3400 PILLSBURY AVE MINNEAPOLIS MN 55408	DENNIS LOUIS LODERMEIER	RESIDENTIAL	$237,300	170 ft
215 34TH ST W MINNEAPOLIS MN 55408	THOMAS FELTON/JESSICA FELTON	RESIDENTIAL	$290,700	170 ft

Property History

Current Tax Year

Year2026

Tax Due$8,150