123 36TH ST W MINNEAPOLIS MN 55408

PID: 0302824340067

Property Overview

Parcel ID0302824340067

Lot Size4,834 sq ft (0.111 ac)

Lot Dimensions (est.)42 ft wide × 115 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerDIANE M TERRY

Assessed Value$247,900

Land Value$134,000

Building Value$113,900

Annual Tax$3,498

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

1 permit on record since 2025 · Most recent: May 2025 (res)

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 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 width32 ft

Buildable depth75 ft

Area~2,404 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 2,404 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
127 36TH ST W MINNEAPOLIS MN 55408	K S DOYLE & G A PETERSON	RESIDENTIAL	$310,100	42 ft
119 36TH ST W MINNEAPOLIS MN 55408	T C PARENT & A J PARENT	RESIDENTIAL	$395,300	42 ft
3615 PILLSBURY AVE MINNEAPOLIS MN 55409	D DEVINE & J BENSON	RESIDENTIAL	$345,000	80 ft
131 36TH ST W MINNEAPOLIS MN 55408	CYNTHIA JACKSON	RESIDENTIAL	$305,000	83 ft
115 36TH ST W MINNEAPOLIS MN 55408	M SMEDBERG & B BETTGER	RESIDENTIAL	$334,400	106 ft
3617 PILLSBURY AVE MINNEAPOLIS MN 55409	RICKI A MCMILLAN	RESIDENTIAL	$466,000	120 ft
109 36TH ST W MINNEAPOLIS MN 55408	BRANDON L DOYLE	RESIDENTIAL	$389,100	157 ft
3621 PILLSBURY AVE MINNEAPOLIS MN 55409	HOPE & JEFFREY RAJACICH	RESIDENTIAL	$481,400	159 ft
3608 BLAISDELL AVE MINNEAPOLIS MN 55409	ANDELKA MOLINE/ADAM MOLINE	RESIDENTIAL	$440,000	166 ft
3612 BLAISDELL AVE MINNEAPOLIS MN 55409	JONATHAN E OLSON	RESIDENTIAL-TWO UNIT	$429,100	179 ft

Property History

Most Recent Sale

Date199010

Price$45,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,498