3649 PILLSBURY AVE MINNEAPOLIS MN 55409

PID: 0302824340057

Property Overview

Parcel ID0302824340057

Lot Size6,676 sq ft (0.153 ac)

Lot Dimensions (est.)167 ft wide × 40 ft deep

Year Built1907

Property ClassRESIDENTIAL-TWO UNIT

OwnerT & T OLSON

Assessed Value$474,100

Land Value$176,000

Building Value$298,100

Annual Tax$9,003

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 2025 · Most recent: Jun 2025 (res)

ResJun 2025Closed

CenterPoint Energy Resource Corp

ResMay 2025Closed

CenterPoint Energy Resource Corp

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 width30 ft

Buildable depth127 ft

Area~3,807 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 3,807 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
3645 PILLSBURY AVE MINNEAPOLIS MN 55409	ELLEN DAVIS/KIRIL VASSILIEV	RESIDENTIAL	$411,200	40 ft
126 37TH ST W MINNEAPOLIS MN 55409	S J HURLEY & M M KOCHER	RESIDENTIAL	$263,600	57 ft
132 37TH ST W MINNEAPOLIS MN 55409	DAVID FORD & HEATHER FORD	RESIDENTIAL	$298,000	79 ft
120 37TH ST W MINNEAPOLIS MN 55409	KELLY J WENTE	RESIDENTIAL	$311,400	79 ft
3641 PILLSBURY AVE MINNEAPOLIS MN 55409	J P & J W KENNEY	RESIDENTIAL	$352,000	80 ft
3637 PILLSBURY AVE MINNEAPOLIS MN 55409	D D CAMPBELL/ L S WEINGARTEN	RESIDENTIAL	$482,100	120 ft
114 37TH ST W MINNEAPOLIS MN 55409	H & L ENTERPRISES LLC	RESIDENTIAL-TWO UNIT	$296,700	136 ft
3633 PILLSBURY AVE MINNEAPOLIS MN 55409	M S MARKWORTH/J R MARKWORTH	RESIDENTIAL	$462,400	160 ft
3648 BLAISDELL AVE MINNEAPOLIS MN 55409	3648 BLAISDELL LLC	RESIDENTIAL-TWO UNIT	$586,500	183 ft
3644 BLAISDELL AVE MINNEAPOLIS MN 55409	JODI REEB	RESIDENTIAL	$502,100	187 ft

Property History

Current Tax Year

Year2026

Tax Due$9,003