3648 BLAISDELL AVE MINNEAPOLIS MN 55409

PID: 0302824340051

Property Overview

Parcel ID0302824340051

Lot Size10,013 sq ft (0.230 ac)

Lot Dimensions (est.)167 ft wide × 60 ft deep

Year Built1888

Property ClassRESIDENTIAL-TWO UNIT

Owner3648 BLAISDELL LLC

Assessed Value$586,500

Land Value$193,000

Building Value$393,500

Annual Tax$11,138

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

2 permits on record since 2020 · $13K total declared value · Most recent: Feb 2022 (res)

ResFeb 2022Closed

CenterPoint Energy Resource Corp

MiscJul 2020Closed

$13K

T AND K CONSTRUCTION SERVICES

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth127 ft

Area~6,342 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 6,342 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3644 BLAISDELL AVE MINNEAPOLIS MN 55409	JODI REEB	RESIDENTIAL	$502,100	50 ft
3652 BLAISDELL AVE MINNEAPOLIS MN 55409	G GILBERTSON & J P LAPOINTE	TRIPLEX	$558,300	60 ft
114 37TH ST W MINNEAPOLIS MN 55409	H & L ENTERPRISES LLC	RESIDENTIAL-TWO UNIT	$296,700	86 ft
3640 BLAISDELL AVE MINNEAPOLIS MN 55409	T CHOLAT & H M CHOLAT	RESIDENTIAL-TWO UNIT	$499,400	90 ft
120 37TH ST W MINNEAPOLIS MN 55409	KELLY J WENTE	RESIDENTIAL	$311,400	136 ft
3636 BLAISDELL AVE MINNEAPOLIS MN 55409	C C MARQUARDT & T D BUSHARD	RESIDENTIAL	$471,000	137 ft
3700 BLAISDELL AVE MINNEAPOLIS MN 55409	ELLEN SAMUELSON	RESIDENTIAL	$393,900	164 ft
113 37TH ST W MINNEAPOLIS MN 55409	ANGELA WAGNER & B GLAROS	RESIDENTIAL	$171,800	171 ft
3649 PILLSBURY AVE MINNEAPOLIS MN 55409	T & T OLSON	RESIDENTIAL-TWO UNIT	$474,100	183 ft
126 37TH ST W MINNEAPOLIS MN 55409	S J HURLEY & M M KOCHER	RESIDENTIAL	$263,600	187 ft

Property History

Most Recent Sale

Date200306

Price$236,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,138