3740 PILLSBURY AVE MINNEAPOLIS MN 55409

PID: 0302824340178

Property Overview

Parcel ID0302824340178

Lot Size23,966 sq ft (0.550 ac)

Lot Dimensions (est.)167 ft wide × 144 ft deep

Year Built1982

Property ClassCOMMERCIAL-PREFERRED

OwnerNW BELL TELEPHONE CO

Assessed Value$1,260,000

Land Value$308,900

Building Value$951,100

Annual Tax$41,761

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 2001 · $197K total declared value · Most recent: Apr 2001 (building re-inspection)

Building Re-inspectionApr 2001

$197K

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width134 ft

Buildable depth126 ft

Area~16,954 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 3-story wood frame (5–12 units) benchmarks for 16,954 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3730 PILLSBURY AVE MINNEAPOLIS MN 55409	ERIK W HOUCK/JACBO B YEAGER	RESIDENTIAL	$450,000	92 ft
3752 PILLSBURY AVE MINNEAPOLIS MN 55409	LAKE COUNTRY SCHOOL	LAND-COMMERCIAL	$0	124 ft
3728 PILLSBURY AVE MINNEAPOLIS MN 55409	ROSEMARY DAWN DOLATA	RESIDENTIAL	$383,300	132 ft
3724 PILLSBURY AVE MINNEAPOLIS MN 55409	JO T THIES REVOC TRUST	RESIDENTIAL	$383,500	172 ft
3749 PLEASANT AVE MINNEAPOLIS MN 55409	LAKE COUNTRY SCHOOL	COMMERCIAL-PREFERRED	$0	178 ft
3733 PLEASANT AVE MINNEAPOLIS MN 55409	LAKE CNTRY SCHOOL-MONTESSORI	RESIDENTIAL	$0	195 ft
3720 PILLSBURY AVE MINNEAPOLIS MN 55409	NANCIE S EINESS	RESIDENTIAL	$342,000	212 ft
3727 PLEASANT AVE MINNEAPOLIS MN 55409	BRADLEY THIES	RESIDENTIAL	$423,200	216 ft
3747 PILLSBURY AVE MINNEAPOLIS MN 55409	K PETRONKO & J LAFKY	RESIDENTIAL	$494,000	238 ft
3723 PLEASANT AVE MINNEAPOLIS MN 55409	DALE W LINDSTROM	RESIDENTIAL	$327,200	242 ft

Property History

Current Tax Year

Year2026

Tax Due$41,761