3621 1ST AVE S MINNEAPOLIS MN 55409

PID: 0302824430060

Property Overview

Parcel ID0302824430060

Lot Size3,277 sq ft (0.075 ac)

Lot Dimensions (est.)131 ft wide × 25 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerPETER K MCKOWN

Assessed Value$186,900

Land Value$92,000

Building Value$94,900

Annual Tax$2,893

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

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

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 width15 ft

Buildable depth91 ft

Area~1,366 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 1,366 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3619 1ST AVE S MINNEAPOLIS MN 55409	S N MILLER & K E MILLER	RESIDENTIAL	$329,100	25 ft
3625 1ST AVE S MINNEAPOLIS MN 55409	NICOLLET HOLDING LLC	RESIDENTIAL	$297,000	44 ft
3615 1ST AVE S MINNEAPOLIS MN 55409	STEVEN J PREUS	RESIDENTIAL-TWO UNIT	$401,400	63 ft
3627 1ST AVE S MINNEAPOLIS MN 55409	BNKRS TRST CO/CA N.A. TRSTEE	RESIDENTIAL-TWO UNIT	$335,200	94 ft
3613 1ST AVE S MINNEAPOLIS MN 55409	STEVEN J PREUS	RESIDENTIAL-TWO UNIT	$286,700	100 ft
3631 1ST AVE S MINNEAPOLIS MN 55409	E M LEE & C S ERICKSON	RESIDENTIAL	$311,400	131 ft
3611 1ST AVE S MINNEAPOLIS MN 55409	THOMAS C FARR	RESIDENTIAL	$381,000	131 ft
3622 STEVENS AVE MINNEAPOLIS MN 55409	BUENGER HOME LLC	RESIDENTIAL	$463,300	144 ft
3618 STEVENS AVE MINNEAPOLIS MN 55409	TRUDI POQUETTE	RESIDENTIAL	$219,000	145 ft
3614 STEVENS AVE MINNEAPOLIS MN 55409	LEAH M HONSKY	RESIDENTIAL	$292,100	156 ft

Property History

Most Recent Sale

Date201606

Price$159,150

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,893