3613 1ST AVE S MINNEAPOLIS MN 55409

PID: 0302824430063

Property Overview

Parcel ID0302824430063

Lot Size3,274 sq ft (0.075 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerSTEVEN J PREUS

Assessed Value$286,700

Land Value$92,000

Building Value$194,700

Annual Tax$5,445

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

5 permits on record since 2019 · $28K total declared value · Most recent: Aug 2021 (remodel)

RemodelAug 2021Closed

$4K

CM WALL CONSTRUCTION LLC

AdditionAug 2020Closed

$2K

JC Miller and Sons Inc

MiscJul 2020Closed

$7K

DONNELLY STUCCO & EXTERIORS

MiscApr 2020Closed

$5K

KAUFMAN SHEET METAL ROOFING INC

MiscAug 2019Closed

$10K

DONNELLY STUCCO & EXTERIORS

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

Neighborhood Profile

King Field · 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~1,365 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 1,365 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
3611 1ST AVE S MINNEAPOLIS MN 55409	THOMAS C FARR	RESIDENTIAL	$381,000	31 ft
3615 1ST AVE S MINNEAPOLIS MN 55409	STEVEN J PREUS	RESIDENTIAL-TWO UNIT	$401,400	38 ft
3607 1ST AVE S MINNEAPOLIS MN 55409	LOUIS J MCCOY III ET AL	RESIDENTIAL-TWO UNIT	$327,200	69 ft
3619 1ST AVE S MINNEAPOLIS MN 55409	S N MILLER & K E MILLER	RESIDENTIAL	$329,100	75 ft
3621 1ST AVE S MINNEAPOLIS MN 55409	PETER K MCKOWN	RESIDENTIAL	$186,900	100 ft
3605 1ST AVE S MINNEAPOLIS MN 55409	MICHAEL PADILLA	RESIDENTIAL-TWO UNIT	$336,200	108 ft
111 36TH ST E MINNEAPOLIS MN 55408	ALBERTA SMITH	RESIDENTIAL	$258,500	133 ft
3612 STEVENS AVE MINNEAPOLIS MN 55409	LAURA HAMILTON	RESIDENTIAL	$266,100	143 ft
3625 1ST AVE S MINNEAPOLIS MN 55409	NICOLLET HOLDING LLC	RESIDENTIAL	$297,000	144 ft
3601 1ST AVE S MINNEAPOLIS MN 55409	MAHENDRANAUTH DEENANATH ETAL	RESIDENTIAL-TWO UNIT	$305,400	145 ft

Property History

Most Recent Sale

Date200005

Price$55,000

Type—

Current Tax Year

Year2026

Tax Due$5,445