3432 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310079

Property Overview

Parcel ID0302824310079

Lot Size6,714 sq ft (0.154 ac)

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

Year Built1916

Property ClassRESIDENTIAL-TWO UNIT

OwnerN BROOKS III & L BROOKS

Assessed Value$428,500

Land Value$127,000

Building Value$301,500

Annual Tax$6,521

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 2017 · $2K total declared value · Most recent: Sep 2017 (misc)

MiscSep 2017Closed

$2K

CREW2 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

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%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3428 PILLSBURY AVE MINNEAPOLIS MN 55408	C J EHRLICH SOMES & E SOMES	RESIDENTIAL	$342,800	40 ft
3436 PILLSBURY AVE MINNEAPOLIS MN 55408	REVIVAL PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$467,100	40 ft
3424 PILLSBURY AVE MINNEAPOLIS MN 55408	BERT M THOMPSON	TRIPLEX	$608,000	80 ft
3440 PILLSBURY AVE MINNEAPOLIS MN 55408	NICHOLAS ZENNER	RESIDENTIAL	$352,100	80 ft
3420 PILLSBURY AVE MINNEAPOLIS MN 55408	MICHAEL W SUHR	RESIDENTIAL-TWO UNIT	$521,600	120 ft
3444 PILLSBURY AVE MINNEAPOLIS MN 55408	K GANTZEL SEP PROP TRUST	RESIDENTIAL	$363,600	120 ft
3416 PILLSBURY AVE MINNEAPOLIS MN 55408	M A BARLOW/A C MALLE-BARLOW	RESIDENTIAL	$412,300	160 ft
3448 PILLSBURY AVE MINNEAPOLIS MN 55408	LINDSEY'S HOUSE LLC	RESIDENTIAL	$348,700	160 ft
3431 PLEASANT AVE MINNEAPOLIS MN 55408	COREY C IRVIN & RACHEL IRVIN	RESIDENTIAL-TWO UNIT	$438,200	171 ft
3435 PLEASANT AVE MINNEAPOLIS MN 55408	ANDREW PHILLIP DOYLE	RESIDENTIAL-TWO UNIT	$360,700	176 ft

Property History

Most Recent Sale

Date201705

Price$326,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,521