3545 1ST AVE S MINNEAPOLIS MN 55408

PID: 0302824420119

Property Overview

Parcel ID0302824420119

Lot Size6,615 sq ft (0.152 ac)

Lot Dimensions (est.)129 ft wide × 51 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerJ C M GOMEZ & E G PEREZ

Assessed Value$327,400

Land Value$91,000

Building Value$236,400

Annual Tax$4,828

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $66K total declared value · Most recent: Oct 2021 (misc)

MiscOct 2021Closed

$4K

K-DESIGNERS

ResDec 2019Closed

Urban Pine Plumbing and Mechanical Inc

RemodelMay 2019Closed

$50K

PAUL DAVIS RESTORATION OF GREATER ST PAUL

MiscDec 2018Closed

$12K

K-DESIGNERS

ExistresNov 2018Closed

TEAM MECHANICAL INC

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width42 ft

Buildable depth87 ft

Area~3,677 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 3,677 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
3541 1ST AVE S MINNEAPOLIS MN 55408	JUAN MARTINEZ-NOGUERON	RESIDENTIAL	$282,800	51 ft
104 36TH ST E MINNEAPOLIS MN 55408	N HOOK & S J KEOUGH	RESIDENTIAL	$153,200	58 ft
108 36TH ST E MINNEAPOLIS MN 55408	THOMAS M DOUGLAS	RESIDENTIAL	$184,600	58 ft
110 36TH ST E MINNEAPOLIS MN 55408	CITY OF LAKES COMM LAND TRST	—	$172,400	74 ft
100 36TH ST E MINNEAPOLIS MN 55408	JASON M & CHRISTA S ERNO	RESIDENTIAL	$156,000	75 ft
3537 1ST AVE S MINNEAPOLIS MN 55408	WALKER J BOSCH/ANNA R BOSCH	RESIDENTIAL	$265,400	97 ft
3533 1ST AVE S MINNEAPOLIS MN 55408	S C FRANKLIN & M C FRANKLIN	RESIDENTIAL	$329,900	139 ft
3544 STEVENS AVE MINNEAPOLIS MN 55408	R L VIKLA & M A VIKLA TRUST	RESIDENTIAL-TWO UNIT	$315,200	144 ft
3548 STEVENS AVE MINNEAPOLIS MN 55408	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	145 ft
3540 STEVENS AVE MINNEAPOLIS MN 55408	DARRILL B BERRY	RESIDENTIAL	$254,000	154 ft

Property History

Most Recent Sale

Date202312

Price$300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,828