3507 PLEASANT AVE MINNEAPOLIS MN 55408

PID: 0302824310129

Property Overview

Parcel ID0302824310129

Lot Size4,389 sq ft (0.101 ac)

Lot Dimensions (est.)88 ft wide × 50 ft deep

Year Built1903

Property ClassRESIDENTIAL

OwnerBRIAN LAWRENCE MCCARTHY

Assessed Value$285,900

Land Value$104,000

Building Value$181,900

Annual Tax$4,426

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

2 permits on record since 2018 · Most recent: Aug 2021 (existres)

ExistresAug 2021Closed

Metro Heating & Cooling LLC

ResSep 2018Closed

Warners Stellian Co 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 width40 ft

Buildable depth48 ft

Area~1,911 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 1,911 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3501 PLEASANT AVE MINNEAPOLIS MN 55408	COMPANION PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$402,200	50 ft
3515 PLEASANT AVE MINNEAPOLIS MN 55408	3515 PLEASANT AVE SOUTH LLC	APARTMENT	$1,093,000	66 ft
215 35TH ST W MINNEAPOLIS MN 55408	M E PAUL-COOK/M G DAVEY	RESIDENTIAL	$323,300	78 ft
3521 PLEASANT AVE MINNEAPOLIS MN 55408	3521 PLEASANT AVE S LLC	APARTMENT	$1,482,000	130 ft
3455 PLEASANT AVE MINNEAPOLIS MN 55408	CRAIG R DANIELS	RESIDENTIAL	$334,200	156 ft
3451 PLEASANT AVE MINNEAPOLIS MN 55408	MARY G HOWARD	RESIDENTIAL	$301,100	192 ft
3527 PLEASANT AVE MINNEAPOLIS MN 55408	MARK ZABEL & MOLLY ZABEL	CONDOMINIUM	$186,000	192 ft
3527 PLEASANT AVE MINNEAPOLIS MN 55408	P LINEHAN & S BANISHORAKA	CONDOMINIUM	$174,000	192 ft
3527 PLEASANT AVE MINNEAPOLIS MN 55408	DAVID VAN HATTUM	CONDOMINIUM	$186,000	192 ft
3527 PLEASANT AVE MINNEAPOLIS MN 55408	SHANNON M BANISHORAKA ET AL	CONDOMINIUM	$174,000	192 ft

Property History

Most Recent Sale

Date200311

Price$187,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,426