3418 GARFIELD AVE MINNEAPOLIS MN 55408

PID: 0302824320051

Property Overview

Parcel ID0302824320051

Lot Size5,478 sq ft (0.126 ac)

Lot Dimensions (est.)122 ft wide × 45 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerP SCHWARTZ & A SCHWARTZ

Assessed Value$410,600

Land Value$143,000

Building Value$267,600

Annual Tax$6,198

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $46K total declared value · Most recent: May 2025 (misc)

MiscMay 2025Cancelled

$14K

Lenz Construction

MiscFeb 2025Closed

$18K

Lenz Construction

ResJan 2021Closed

MN Plumbing & Home Services INC

ResDec 2018Closed

CENTERPOINT ENERGY

MiscSep 2017Closed

$14K

MONARCH BUILDERS & COMMERCIAL SERVICES

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 width35 ft

Buildable depth82 ft

Area~2,859 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 2,859 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3414 GARFIELD AVE MINNEAPOLIS MN 55408	DEAN ARLAN ROTH	RESIDENTIAL	$320,600	45 ft
3422 GARFIELD AVE MINNEAPOLIS MN 55408	FORREST N HARDY/AMY O HARDY	RESIDENTIAL	$455,000	45 ft
3410 GARFIELD AVE MINNEAPOLIS MN 55408	NICOLE ELIZABETH MILLS	RESIDENTIAL	$391,900	90 ft
3424 GARFIELD AVE MINNEAPOLIS MN 55408	JAMES C LOPESIO	RESIDENTIAL-TWO UNIT	$421,700	90 ft
3419 LYNDALE AVE S MINNEAPOLIS MN 55408	TREVOR RYAN MORRIS	RESIDENTIAL	$401,700	133 ft
3406 GARFIELD AVE MINNEAPOLIS MN 55408	NAME UNAVAILABLE	RESIDENTIAL	$337,700	135 ft
3432 GARFIELD AVE MINNEAPOLIS MN 55408	JULIAN WYSS & MOLLY WYSS	RESIDENTIAL	$410,000	135 ft
3415 LYNDALE AVE S MINNEAPOLIS MN 55408	MEGAN LAURA ZWACK	RESIDENTIAL	$373,600	140 ft
3423 LYNDALE AVE S MINNEAPOLIS MN 55408	R T GOODWIN III & R GOODWIN	RESIDENTIAL	$334,000	141 ft
3411 LYNDALE AVE S MINNEAPOLIS MN 55408	CLAY NADEAU/HEATHER M KEEFE	RESIDENTIAL	$321,300	160 ft

Property History

Most Recent Sale

Date201407

Price$297,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,198