3523 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310157

Property Overview

Parcel ID0302824310157

Lot Size6,667 sq ft (0.153 ac)

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

Year Built1923

Property ClassRESIDENTIAL-TWO UNIT

OwnerMICHAEL DALY

Assessed Value$424,300

Land Value$126,000

Building Value$298,300

Annual Tax$8,058

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
3517 PILLSBURY AVE MINNEAPOLIS MN 55408	THOMAS JULIK	RESIDENTIAL-TWO UNIT	$415,800	40 ft
3527 PILLSBURY AVE MINNEAPOLIS MN 55408	HYNES FAMILY LLC	APARTMENT	$1,940,000	60 ft
3515 PILLSBURY AVE MINNEAPOLIS MN 55408	J D PERRONE & N M THERRIEN	RESIDENTIAL	$496,200	82 ft
3533 PILLSBURY AVE MINNEAPOLIS MN 55408	PILLSBURY 35 LLC	RESIDENTIAL-TWO UNIT	$426,700	120 ft
115 35TH ST W MINNEAPOLIS MN 55408	J J MEYER & J P MINGE	RESIDENTIAL	$314,800	152 ft
121 35TH ST W MINNEAPOLIS MN 55408	WILLIAM VOJE	RESIDENTIAL	$303,800	159 ft
123 35TH ST W MINNEAPOLIS MN 55408	ANDREA E SMITH	RESIDENTIAL	$275,900	159 ft
3537 PILLSBURY AVE MINNEAPOLIS MN 55408	ADELORE LESSARD	RESIDENTIAL	$339,000	160 ft
131 35TH ST W MINNEAPOLIS MN 55408	D TYUS/L TYUS/T TYUS ET AL	RESIDENTIAL	$270,000	169 ft
3520 BLAISDELL AVE MINNEAPOLIS MN 55408	AMY L COOPER	RESIDENTIAL	$299,000	182 ft

Property History

Most Recent Sale

Date200902

Price$168,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,058