3540 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310112

Property Overview

Parcel ID0302824310112

Lot Size6,705 sq ft (0.154 ac)

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

Year Built1915

Property ClassRESIDENTIAL-TWO UNIT

OwnerEQUITY TRUST CO CUSTODIAN

Assessed Value$494,300

Land Value$127,000

Building Value$367,300

Annual Tax$9,387

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~3,828 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 3,828 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
3544 PILLSBURY AVE MINNEAPOLIS MN 55408	J A GUGINO & M R DESIMONE	RESIDENTIAL	$384,000	39 ft
3536 PILLSBURY AVE MINNEAPOLIS MN 55408	MARCELO MENDIETA	RESIDENTIAL-TWO UNIT	$466,700	40 ft
3548 PILLSBURY AVE MINNEAPOLIS MN 55408	T D F JOHNSON/P L F JOHNSON	RESIDENTIAL	$337,100	76 ft
3532 PILLSBURY AVE MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	80 ft
3528 PILLSBURY AVE MINNEAPOLIS MN 55408	P M CHARCHENKO ET AL SUBJ/LE	RESIDENTIAL-TWO UNIT	$386,000	120 ft
3552 PILLSBURY AVE MINNEAPOLIS MN 55408	MORGAN ANDERSON	RESIDENTIAL	$376,000	121 ft
212 36TH ST W MINNEAPOLIS MN 55408	ROLF T ANDERSON	RESIDENTIAL	$312,100	138 ft
3556 PILLSBURY AVE MINNEAPOLIS MN 55408	M PROTZNER & M PROTZNER	RESIDENTIAL	$292,000	158 ft
3524 PILLSBURY AVE MINNEAPOLIS MN 55408	KELLY JOHN STENZEL	RESIDENTIAL-TWO UNIT	$477,100	160 ft
3541 PLEASANT AVE MINNEAPOLIS MN 55408	A L OPSETH & J G GOGGINS	RESIDENTIAL	$358,500	171 ft

Property History

Most Recent Sale

Date201405

Price$340,907

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,387