3452 1ST AVE S MINNEAPOLIS MN 55408

PID: 0302824420069

Property Overview

Parcel ID0302824420069

Lot Size5,699 sq ft (0.131 ac)

Lot Dimensions (est.)125 ft wide × 45 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerERNEST G WILLIAMS II

Assessed Value$297,000

Land Value$77,000

Building Value$220,000

Annual Tax$5,547

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $20K total declared value · Most recent: Mar 2023 (existres)

ExistresMar 2023Closed

Metro Heating & Cooling LLC

MiscFeb 2021Closed

$20K

LINDUS CONSTRUCTION

ResJan 2018Closed

MN PLUMBING AND APPLIANCES

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

Neighborhood Profile

Lyndale · 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

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 width112 ft

Buildable depth5 ft

Area~2,770 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 2,770 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
3446 1ST AVE S MINNEAPOLIS MN 55408	LUTHER J & JOHANNA M KRUEGER	RESIDENTIAL	$303,000	43 ft
3444 1ST AVE S MINNEAPOLIS MN 55408	NICOLE ROSE GASTON	RESIDENTIAL	$294,100	84 ft
3500 1ST AVE S MINNEAPOLIS MN 55408	WILLIAM MERZ	APARTMENT	$617,000	107 ft
3438 1ST AVE S MINNEAPOLIS MN 55408	JAMES D E & BETH RENNEE	RESIDENTIAL-TWO UNIT	$309,500	125 ft
3453 NICOLLET AVE MINNEAPOLIS MN 55408	REALTY INCOME PROPS 3 LLC	COMMERCIAL-PREFERRED	$995,000	150 ft
3504 1ST AVE S MINNEAPOLIS MN 55408	M ROACH & K ROACH & T ROACH	RESIDENTIAL	$154,500	151 ft
3436 1ST AVE S MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	166 ft
3449 1ST AVE S MINNEAPOLIS MN 55408	MATEUSZ TROICKI & M TROICKI	RESIDENTIAL-TWO UNIT	$313,900	187 ft
3501 NICOLLET AVE MINNEAPOLIS MN 55408	ANICCA LLC	COMMERCIAL-PREFERRED	$685,000	188 ft
3508 1ST AVE S MINNEAPOLIS MN 55408	JENNA SELLS & JARED SELLS	RESIDENTIAL	$342,300	193 ft

Property History

Most Recent Sale

Date198507

Price$73,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,547