3456 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310085

Property Overview

Parcel ID0302824310085

Lot Size5,707 sq ft (0.131 ac)

Lot Dimensions (est.)168 ft wide × 34 ft deep

Year Built1909

Property ClassRESIDENTIAL-TWO UNIT

OwnerMEGAN ELIZABETH NOLAN

Assessed Value$311,700

Land Value$105,000

Building Value$206,700

Annual Tax$4,566

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 2024 · Most recent: Dec 2024 (existres)

ExistresDec 2024Inspection

Northern Lights Heating & Air Conditioning 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

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 width155 ft

Buildable depth0 ft

Area~2,686 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,686 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3452 PILLSBURY AVE MINNEAPOLIS MN 55408	YANNICK LESAOUT	RESIDENTIAL	$200,400	37 ft
3448 PILLSBURY AVE MINNEAPOLIS MN 55408	LINDSEY'S HOUSE LLC	RESIDENTIAL	$348,700	77 ft
3500 PILLSBURY AVE MINNEAPOLIS MN 55408	M STUART & J SCHUSTER	RESIDENTIAL	$265,000	95 ft
3444 PILLSBURY AVE MINNEAPOLIS MN 55408	K GANTZEL SEP PROP TRUST	RESIDENTIAL	$363,600	117 ft
3504 PILLSBURY AVE MINNEAPOLIS MN 55408	MATTHEW M SHORE	RESIDENTIAL	$480,100	133 ft
3440 PILLSBURY AVE MINNEAPOLIS MN 55408	NICHOLAS ZENNER	RESIDENTIAL	$352,100	157 ft
3455 PLEASANT AVE MINNEAPOLIS MN 55408	CRAIG R DANIELS	RESIDENTIAL	$334,200	171 ft
3508 PILLSBURY AVE MINNEAPOLIS MN 55408	LAUREN KLEIN/STEVEN P KLEIN	RESIDENTIAL	$374,500	173 ft
3451 PLEASANT AVE MINNEAPOLIS MN 55408	MARY G HOWARD	RESIDENTIAL	$301,100	175 ft
215 35TH ST W MINNEAPOLIS MN 55408	M E PAUL-COOK/M G DAVEY	RESIDENTIAL	$323,300	181 ft

Property History

Most Recent Sale

Date200912

Price$175,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,566