3701 GARFIELD AVE MINNEAPOLIS MN 55409

PID: 0302824330099

Property Overview

Parcel ID0302824330099

Lot Size10,007 sq ft (0.230 ac)

Lot Dimensions (est.)131 ft wide × 76 ft deep

Year Built1931

Property ClassAPARTMENT

OwnerGARFIELD LLC

Assessed Value$1,636,900

Land Value$252,200

Building Value$1,384,700

Annual Tax$31,086

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

King Field · 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 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 width118 ft

Buildable depth36 ft

Area~5,763 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 5,763 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3709 GARFIELD AVE MINNEAPOLIS MN 55409	R A BETCHER & K A BETCHER	RESIDENTIAL	$439,000	58 ft
3715 GARFIELD AVE MINNEAPOLIS MN 55409	ALISON SIVITER	RESIDENTIAL	$564,700	99 ft
3655 GARFIELD AVE MINNEAPOLIS MN 55409	JENNIFER CLAIRE BOERSCH WOOD	RESIDENTIAL	$353,200	120 ft
512 37TH ST W MINNEAPOLIS MN 55409	JOAN K SALZER	RESIDENTIAL	$223,400	126 ft
3717 GARFIELD AVE MINNEAPOLIS MN 55409	CARL E BERDIE	RESIDENTIAL	$457,000	138 ft
3700 HARRIET AVE MINNEAPOLIS MN 55409	ALLEN ASSOCIATES INC	APARTMENT	$1,205,000	142 ft
3708 HARRIET AVE MINNEAPOLIS MN 55409	ALLEN ASSOCIATES INC	APARTMENT	$1,205,000	154 ft
3651 GARFIELD AVE MINNEAPOLIS MN 55409	J & R ANDERSON	RESIDENTIAL	$417,000	158 ft
611 37TH ST W MINNEAPOLIS MN 55409	CARA CARLSON/JEFFREY STAGGS	RESIDENTIAL-TWO UNIT	$384,800	186 ft
3704 GARFIELD AVE MINNEAPOLIS MN 55409	PAUL SIEGEL	RESIDENTIAL	$352,300	186 ft

Property History

Most Recent Sale

Date199203

Price$1

Type—

Current Tax Year

Year2026

Tax Due$31,086