3551 GARFIELD AVE MINNEAPOLIS MN 55408

PID: 0302824320180

Property Overview

Parcel ID0302824320180

Lot Size4,124 sq ft (0.095 ac)

Lot Dimensions (est.)130 ft wide × 32 ft deep

Year Built1921

Property ClassRESIDENTIAL-TWO UNIT

OwnerLOREN ANDERSON

Assessed Value$471,800

Land Value$109,000

Building Value$362,800

Annual Tax$7,246

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2024 · $24K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

Warners Stellian Co Inc

RemodelApr 2025Inspection

$17K

DBS RESIDENTIAL SOLUTIONS INC

ResDec 2024Closed

CenterPoint Energy Resource Corp

MiscAug 2024Closed

$7K

Paris Roofing LLC

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 width117 ft

Buildable depth0 ft

Area~1,685 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,685 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3547 GARFIELD AVE MINNEAPOLIS MN 55408	NIKOLAS Y T SCHMITZ	RESIDENTIAL-TWO UNIT	$503,800	35 ft
3543 GARFIELD AVE MINNEAPOLIS MN 55408	MOHAMMED BALOCH	RESIDENTIAL	$390,500	76 ft
3601 GARFIELD AVE MINNEAPOLIS MN 55409	GERALD D HAVILAND	RESIDENTIAL	$242,900	113 ft
3539 GARFIELD AVE MINNEAPOLIS MN 55408	ANDRE K ROGGENBUCK	RESIDENTIAL-TWO UNIT	$435,600	121 ft
515 36TH ST W MINNEAPOLIS MN 55408	REGAN QUINN THOMAS	RESIDENTIAL	$318,300	137 ft
3552 HARRIET AVE MINNEAPOLIS MN 55408	MICHAEL R MCGOLDRICK ET AL	TRIPLEX	$607,000	142 ft
3546 HARRIET AVE MINNEAPOLIS MN 55408	TYLER J ROPER	RESIDENTIAL-TWO UNIT	$507,100	146 ft
3605 GARFIELD AVE MINNEAPOLIS MN 55409	CONNOR ANDREW HOENE	RESIDENTIAL	$317,100	148 ft
3540 HARRIET AVE MINNEAPOLIS MN 55408	CLARICE ALLGOOD	CONDOMINIUM	$192,000	162 ft
3540 HARRIET AVE MINNEAPOLIS MN 55408	RANDALL NIEMIEC	CONDOMINIUM	$192,000	162 ft

Property History

Most Recent Sale

Date202111

Price$538,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,246