120 35TH ST E MINNEAPOLIS MN 55408

PID: 0302824420161

Property Overview

Parcel ID0302824420161

Lot Size3,700 sq ft (0.085 ac)

Lot Dimensions (est.)43 ft wide × 86 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerCITY OF LAKES COMMUN LAND TR

Assessed Value$192,900

Land Value$61,000

Building Value$131,900

Annual Tax$2,576

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

2 permits on record since 2021 · Most recent: Dec 2021 (existres)

ExistresDec 2021Closed

Centraire Heating & Air Conditioning LLC

ResFeb 2021Closed

CHAMPION PLUMBING LLC

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 width33 ft

Buildable depth46 ft

Area~1,520 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 1,520 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
118 35TH ST E MINNEAPOLIS MN 55408	ABDON MESIAS RIVERA RIVERA	RESIDENTIAL	$339,200	43 ft
122 35TH ST E MINNEAPOLIS MN 55408	AISHA SARAH GOMEZ	RESIDENTIAL	$239,000	43 ft
3444 STEVENS AVE MINNEAPOLIS MN 55408	VICTOR ARIZA AND	RESIDENTIAL	$273,000	63 ft
3440 STEVENS AVE MINNEAPOLIS MN 55408	STEADY PROPERTIES LLC	RESIDENTIAL	$323,400	105 ft
3500 STEVENS AVE MINNEAPOLIS MN 55408	KEVIN A ZENT	RESIDENTIAL-TWO UNIT	$373,100	128 ft
115 35TH ST E MINNEAPOLIS MN 55408	ROBERTO ONOFRE ESPINOZA	RESIDENTIAL	$219,700	134 ft
3436 STEVENS AVE MINNEAPOLIS MN 55408	JOHN THRONTON	TRIPLEX	$571,400	145 ft
3449 1ST AVE S MINNEAPOLIS MN 55408	MATEUSZ TROICKI & M TROICKI	RESIDENTIAL-TWO UNIT	$313,900	145 ft
3441 1ST AVE S MINNEAPOLIS MN 55408	OLGA TYMOUCH	CONDOMINIUM	$314,000	149 ft
3443 1ST AVE S MINNEAPOLIS MN 55408	NATHAN VOSS	CONDOMINIUM	$295,000	149 ft

Property History

Most Recent Sale

Date202507

Price$157,375

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,576