3601 1ST AVE S MINNEAPOLIS MN 55409

PID: 0302824430067

Property Overview

Parcel ID0302824430067

Lot Size3,407 sq ft (0.078 ac)

Lot Dimensions (est.)91 ft wide × 38 ft deep

Year Built1915

Property ClassRESIDENTIAL-TWO UNIT

OwnerMAHENDRANAUTH DEENANATH ETAL

Assessed Value$305,400

Land Value$75,000

Building Value$230,400

Annual Tax$4,460

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

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width78 ft

Buildable depth0 ft

Area~1,245 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,245 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3605 1ST AVE S MINNEAPOLIS MN 55409	MICHAEL PADILLA	RESIDENTIAL-TWO UNIT	$336,200	37 ft
111 36TH ST E MINNEAPOLIS MN 55408	ALBERTA SMITH	RESIDENTIAL	$258,500	68 ft
3607 1ST AVE S MINNEAPOLIS MN 55409	LOUIS J MCCOY III ET AL	RESIDENTIAL-TWO UNIT	$327,200	77 ft
3611 1ST AVE S MINNEAPOLIS MN 55409	THOMAS C FARR	RESIDENTIAL	$381,000	114 ft
115 36TH ST E MINNEAPOLIS MN 55408	CONDOR PARTNERS LLC	RESIDENTIAL	$177,200	118 ft
104 36TH ST E MINNEAPOLIS MN 55408	N HOOK & S J KEOUGH	RESIDENTIAL	$153,200	130 ft
100 36TH ST E MINNEAPOLIS MN 55408	JASON M & CHRISTA S ERNO	RESIDENTIAL	$156,000	133 ft
108 36TH ST E MINNEAPOLIS MN 55408	THOMAS M DOUGLAS	RESIDENTIAL	$184,600	135 ft
3613 1ST AVE S MINNEAPOLIS MN 55409	STEVEN J PREUS	RESIDENTIAL-TWO UNIT	$286,700	145 ft
110 36TH ST E MINNEAPOLIS MN 55408	CITY OF LAKES COMM LAND TRST	—	$172,400	147 ft

Property History

Most Recent Sale

Date199708

Price$60,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,460