3500 PLEASANT AVE MINNEAPOLIS MN 55408

PID: 0302824320108

Property Overview

Parcel ID0302824320108

Lot Size8,688 sq ft (0.199 ac)

Lot Dimensions (est.)125 ft wide × 70 ft deep

Year Built1930

Property ClassAPARTMENT

OwnerROBIE & JOEY LLC

Assessed Value$1,443,000

Land Value$213,900

Building Value$1,229,100

Annual Tax$27,404

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2019 · $4K total declared value · Most recent: Apr 2019 (addition)

AdditionApr 2019Closed

$4K

A PIETIG CONCRETE AND BRICK PAVING

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth30 ft

Area~4,800 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 4,800 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
3506 PLEASANT AVE MINNEAPOLIS MN 55408	A R BRANT & J T JANEY	RESIDENTIAL-TWO UNIT	$529,300	57 ft
315 35TH ST W MINNEAPOLIS MN 55408	ERIC HARRIS BERNSTEIN	RESIDENTIAL	$232,100	94 ft
3510 PLEASANT AVE MINNEAPOLIS MN 55408	R GANSER/LAURIE HAHN GANSER	RESIDENTIAL	$435,400	103 ft
3446 PLEASANT AVE MINNEAPOLIS MN 55408	RICHARD M JACKSON	CONDOMINIUM	$116,600	130 ft
3446 PLEASANT AVE MINNEAPOLIS MN 55408	NICHOLAS MCKAGUE	CONDOMINIUM	$125,400	130 ft
3446 PLEASANT AVE MINNEAPOLIS MN 55408	LARRY GOODERMONT	CONDOMINIUM	$117,600	130 ft
3446 PLEASANT AVE MINNEAPOLIS MN 55408	COURTNEY N KOKKELER	CONDOMINIUM	$124,500	130 ft
3446 PLEASANT AVE MINNEAPOLIS MN 55408	JACQUELINE R DOMAN	CONDOMINIUM	$124,500	130 ft
3446 PLEASANT AVE MINNEAPOLIS MN 55408	HOLLEVOET PROPERTIES LLC	CONDOMINIUM	$123,500	130 ft
3446 PLEASANT AVE MINNEAPOLIS MN 55408	ABIGAIL THALACKER	CONDOMINIUM	$125,400	130 ft

Property History

Most Recent Sale

Date200510

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$27,404