3515 PILLSBURY AVE MINNEAPOLIS MN 55408

PID: 0302824310159

Property Overview

Parcel ID0302824310159

Lot Size4,991 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1907

Property ClassRESIDENTIAL

OwnerJ D PERRONE & N M THERRIEN

Assessed Value$496,200

Land Value$112,000

Building Value$384,200

Annual Tax$7,655

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 2010 · $68K total declared value · Most recent: Nov 2019 (remodel)

RemodelNov 2019Closed

$8K

ALL ENERGY SOLAR INC

Building Re-inspectionApr 2010

$60K

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 depth85 ft

Area~2,543 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 2,543 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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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	45 ft
123 35TH ST W MINNEAPOLIS MN 55408	ANDREA E SMITH	RESIDENTIAL	$275,900	78 ft
3523 PILLSBURY AVE MINNEAPOLIS MN 55408	MICHAEL DALY	RESIDENTIAL-TWO UNIT	$424,300	82 ft
121 35TH ST W MINNEAPOLIS MN 55408	WILLIAM VOJE	RESIDENTIAL	$303,800	88 ft
131 35TH ST W MINNEAPOLIS MN 55408	D TYUS/L TYUS/T TYUS ET AL	RESIDENTIAL	$270,000	88 ft
115 35TH ST W MINNEAPOLIS MN 55408	J J MEYER & J P MINGE	RESIDENTIAL	$314,800	102 ft
3527 PILLSBURY AVE MINNEAPOLIS MN 55408	HYNES FAMILY LLC	APARTMENT	$1,940,000	141 ft
113 35TH ST W MINNEAPOLIS MN 55408	MICHAEL LEE	RESIDENTIAL	$272,400	162 ft
109 35TH ST W MINNEAPOLIS MN 55408	A GUNN & E BUSHNELL	RESIDENTIAL	$274,900	199 ft
3533 PILLSBURY AVE MINNEAPOLIS MN 55408	PILLSBURY 35 LLC	RESIDENTIAL-TWO UNIT	$426,700	201 ft

Property History

Most Recent Sale

Date202303

Price$640,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,655