3530 GARFIELD AVE MINNEAPOLIS MN 55408

PID: 0302824320163

Property Overview

Parcel ID0302824320163

Lot Size5,493 sq ft (0.126 ac)

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

Year Built1922

Property ClassAPARTMENT

OwnerT G & F L STAVROU ET AL

Assessed Value$725,000

Land Value$137,300

Building Value$587,700

Annual Tax$13,769

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

3 permits on record since 2017 · Most recent: Jan 2023 (res)

ResJan 2023Expired

MN Plumbing & Home Services INC

ResDec 2018Closed

CenterPoint Energy Resource Corp

ComnofdbvSep 2017Closed

MN PLUMBING AND APPLIANCES

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~2,871 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 2,871 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
3526 GARFIELD AVE MINNEAPOLIS MN 55408	MICHAEL JONES/KIRSTEN LASLEY	RESIDENTIAL	$421,300	45 ft
3534 GARFIELD AVE MINNEAPOLIS MN 55408	JONATHAN S TOWNSEND	RESIDENTIAL	$358,300	45 ft
3522 GARFIELD AVE MINNEAPOLIS MN 55408	ISLES INVESTMENTS LLC	TRIPLEX	$460,800	90 ft
3538 GARFIELD AVE MINNEAPOLIS MN 55408	J R POUPORE & J M CARLISLE	CONDOMINIUM	$222,000	92 ft
3538 GARFIELD AVE MINNEAPOLIS MN 55408	SUSAN K GITAR	CONDOMINIUM	$221,000	92 ft
3538 GARFIELD AVE MINNEAPOLIS MN 55408	ALEX JEFFREY PRETTI	CONDOMINIUM	$223,000	92 ft
3538 GARFIELD AVE MINNEAPOLIS MN 55408	JON POUPORE & JAMES CARLISLE	CONDOMINIUM	$223,000	92 ft
MN	Unknown	—	—	92 ft
3531 LYNDALE AVE S MINNEAPOLIS MN 55408	NICHOLAS ROWLAND COE	CONDOMINIUM	$196,000	134 ft
3531 LYNDALE AVE S MINNEAPOLIS MN 55408	MACKENZIE M LEISZ	CONDOMINIUM	$195,000	134 ft

Property History

Most Recent Sale

Date199209

Price$123,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$13,769