3403 1ST AVE S MINNEAPOLIS MN 55408

PID: 0302824420086

Property Overview

Parcel ID0302824420086

Lot Size5,078 sq ft (0.117 ac)

Lot Dimensions (est.)130 ft wide × 39 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerCAROLYN GRACE SCOTT

Assessed Value$254,000

Land Value$81,000

Building Value$173,000

Annual Tax$3,599

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

No permits found in Minneapolis open data for this parcel.

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width27 ft

Buildable depth97 ft

Area~2,615 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 2,615 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3401 1ST AVE S MINNEAPOLIS MN 55408	WILLIAM T BLACKSTOCK ET AL	RESIDENTIAL	$350,000	37 ft
3409 1ST AVE S MINNEAPOLIS MN 55408	PHUONG HUYNH	RESIDENTIAL-TWO UNIT	$283,200	38 ft
3411 1ST AVE S MINNEAPOLIS MN 55408	SETH KLOSS	RESIDENTIAL	$318,300	75 ft
115 34TH ST E MINNEAPOLIS MN 55408	STEVEN KUEHN & ANNA KUEHN	RESIDENTIAL	$364,000	98 ft
3415 1ST AVE S MINNEAPOLIS MN 55408	J O D KING & R C KING	RESIDENTIAL-TWO UNIT	$332,900	112 ft
3417 1ST AVE S MINNEAPOLIS MN 55408	JOEL PETERSON	RESIDENTIAL	$258,200	149 ft
3406 STEVENS AVE MINNEAPOLIS MN 55408	PATRICIA VANG & PHENG YANG	RESIDENTIAL	$262,000	151 ft
3349 1ST AVE S MINNEAPOLIS MN 55408	ROBERT JAMES MANALO	RESIDENTIAL	$300,000	157 ft
3408 STEVENS AVE MINNEAPOLIS MN 55408	3408 STEVENS AVE SOUTH LLC	LOW INCOME RENTAL	$713,000	158 ft
3400 STEVENS AVE MINNEAPOLIS MN 55408	LUIS ALBERTO PINOS BRAVO	RESIDENTIAL	$227,100	164 ft

Property History

Current Tax Year

Year2026

Tax Due$3,599