3533 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310155

Property Overview

Parcel ID0302824310155

Lot Size6,667 sq ft (0.153 ac)

Lot Dimensions (est.)167 ft wide × 40 ft deep

Year Built1911

Property ClassRESIDENTIAL-TWO UNIT

OwnerPILLSBURY 35 LLC

Assessed Value$426,700

Land Value$126,000

Building Value$300,700

Annual Tax$8,104

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 depth127 ft

Area~3,800 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 3,800 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
3537 PILLSBURY AVE MINNEAPOLIS MN 55408	ADELORE LESSARD	RESIDENTIAL	$339,000	40 ft
3527 PILLSBURY AVE MINNEAPOLIS MN 55408	HYNES FAMILY LLC	APARTMENT	$1,940,000	60 ft
3541 PILLSBURY AVE MINNEAPOLIS MN 55408	L G SCHUTTER & A W FIFER	RESIDENTIAL	$343,600	80 ft
3545 PILLSBURY AVE MINNEAPOLIS MN 55408	JOHN M WILLIAMS	RESIDENTIAL	$362,000	120 ft
3523 PILLSBURY AVE MINNEAPOLIS MN 55408	MICHAEL DALY	RESIDENTIAL-TWO UNIT	$424,300	120 ft
3517 PILLSBURY AVE MINNEAPOLIS MN 55408	THOMAS JULIK	RESIDENTIAL-TWO UNIT	$415,800	160 ft
3532 BLAISDELL AVE MINNEAPOLIS MN 55408	TWO DOORS LLC	RESIDENTIAL-TWO UNIT	$461,500	182 ft
3528 BLAISDELL AVE MINNEAPOLIS MN 55408	BRENDA SAUER	RESIDENTIAL	$370,300	187 ft
3538 BLAISDELL AVE MINNEAPOLIS MN 55408	P S WICKLUND & S A WICKLUND	RESIDENTIAL	$596,000	189 ft
124 36TH ST W MINNEAPOLIS MN 55408	DAVID J CHEN	RESIDENTIAL	$404,000	198 ft

Property History

Most Recent Sale

Date199706

Price$144,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,104