3514 GARFIELD AVE MINNEAPOLIS MN 55408

PID: 0302824320152

Property Overview

Parcel ID0302824320152

Lot Size5,490 sq ft (0.126 ac)

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

Year Built1908

Property ClassRESIDENTIAL

OwnerSANDRA R KOCH

Assessed Value$346,500

Land Value$144,000

Building Value$202,500

Annual Tax$5,148

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $4K total declared value · Most recent: Dec 2018 (res)

ResDec 2018Closed

CenterPoint Energy Resource Corp

MiscSep 2017Closed

$4K

KEYPRIME ROOFING AND REMODELING

ExistresFeb 2017Closed

TEAM MECHANICAL INC

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~2,868 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 2,868 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
3510 GARFIELD AVE MINNEAPOLIS MN 55408	M LUTTERMAN & S RAMIREZ	RESIDENTIAL	$314,000	45 ft
3518 GARFIELD AVE MINNEAPOLIS MN 55408	SHANA NICOLE WEST	RESIDENTIAL	$378,000	45 ft
3506 GARFIELD AVE MINNEAPOLIS MN 55408	NICHOLAS MCCRERY/ZOE MCCRERY	RESIDENTIAL	$448,300	90 ft
3522 GARFIELD AVE MINNEAPOLIS MN 55408	ISLES INVESTMENTS LLC	TRIPLEX	$460,800	90 ft
3504 GARFIELD AVE MINNEAPOLIS MN 55408	TIMOTHY JAMES ROEHL	RESIDENTIAL	$263,700	130 ft
3515 LYNDALE AVE S MINNEAPOLIS MN 55408	3515 LYNDALE AVENUE LLC	RESIDENTIAL-TWO UNIT	$379,600	134 ft
3526 GARFIELD AVE MINNEAPOLIS MN 55408	MICHAEL JONES/KIRSTEN LASLEY	RESIDENTIAL	$421,300	135 ft
3511 LYNDALE AVE S MINNEAPOLIS MN 55408	G E FREGNI/K W FLETCHER ETAL	RESIDENTIAL-TWO UNIT	$287,300	140 ft
3519 LYNDALE AVE S MINNEAPOLIS MN 55408	PAUL A KLUGE	RESIDENTIAL-TWO UNIT	$360,000	141 ft
3507 LYNDALE AVE S MINNEAPOLIS MN 55408	ZENDO INVESTMENTS LLC	COMMERCIAL-PREFERRED	$471,000	160 ft

Property History

Most Recent Sale

Date198412

Price$74,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,148