3447 PLEASANT AVE MINNEAPOLIS MN 55408

PID: 0302824310088

Property Overview

Parcel ID0302824310088

Lot Size5,915 sq ft (0.136 ac)

Lot Dimensions (est.)148 ft wide × 40 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerJ ASPHOLM & M ASPHOLM

Assessed Value$359,000

Land Value$121,000

Building Value$238,000

Annual Tax$5,358

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

9 permits on record since 2018 · $13K total declared value · Most recent: Oct 2021 (existres)

ExistresOct 2021Closed

Julie Boehland

ResJun 2021Closed

FFM LLC

ResDec 2020Closed

Regency Plumbing Inc

ExistresSep 2020Closed

Owens Companies Inc

MiscFeb 2019Closed

$4K

J LEWIS BUILDING AND REMODELING 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth108 ft

Area~3,236 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 3,236 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3451 PLEASANT AVE MINNEAPOLIS MN 55408	MARY G HOWARD	RESIDENTIAL	$301,100	40 ft
3443 PLEASANT AVE MINNEAPOLIS MN 55408	URBAN CANOPIES LLC	RESIDENTIAL-TWO UNIT	$347,800	40 ft
3455 PLEASANT AVE MINNEAPOLIS MN 55408	CRAIG R DANIELS	RESIDENTIAL	$334,200	77 ft
3439 PLEASANT AVE MINNEAPOLIS MN 55408	AARON C BRAND	RESIDENTIAL	$319,700	80 ft
3435 PLEASANT AVE MINNEAPOLIS MN 55408	ANDREW PHILLIP DOYLE	RESIDENTIAL-TWO UNIT	$360,700	120 ft
3431 PLEASANT AVE MINNEAPOLIS MN 55408	COREY C IRVIN & RACHEL IRVIN	RESIDENTIAL-TWO UNIT	$438,200	160 ft
3448 PILLSBURY AVE MINNEAPOLIS MN 55408	LINDSEY'S HOUSE LLC	RESIDENTIAL	$348,700	171 ft
3444 PILLSBURY AVE MINNEAPOLIS MN 55408	K GANTZEL SEP PROP TRUST	RESIDENTIAL	$363,600	176 ft
3452 PILLSBURY AVE MINNEAPOLIS MN 55408	YANNICK LESAOUT	RESIDENTIAL	$200,400	176 ft
3501 PLEASANT AVE MINNEAPOLIS MN 55408	COMPANION PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$402,200	182 ft

Property History

Most Recent Sale

Date202203

Price$375,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,358