3610 1ST AVE S MINNEAPOLIS MN 55409

PID: 0302824430072

Property Overview

Parcel ID0302824430072

Lot Size3,778 sq ft (0.087 ac)

Lot Dimensions (est.)126 ft wide × 30 ft deep

Year Built1889

Property ClassRESIDENTIAL-TWO UNIT

OwnerJ RAMIREZ & R RAMIREZ-CORTES

Assessed Value$299,500

Land Value$100,000

Building Value$199,500

Annual Tax$4,361

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width15 ft

Buildable depth111 ft

Area~1,719 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 1,719 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3608 1ST AVE S MINNEAPOLIS MN 55409	HONEY MARIE PENA	RESIDENTIAL	$184,400	28 ft
3614 1ST AVE S MINNEAPOLIS MN 55409	LILLIAN M ROVICK	RESIDENTIAL-TWO UNIT	$354,900	38 ft
3604 1ST AVE S MINNEAPOLIS MN 55409	EDWIN R QUIZHPI-CUZCO	RESIDENTIAL-TWO UNIT	$431,200	65 ft
3616 1ST AVE S MINNEAPOLIS MN 55409	VICTORIA MAYO PENA	RESIDENTIAL	$216,600	73 ft
3618 1ST AVE S MINNEAPOLIS MN 55409	SAEID NADIMI	RESIDENTIAL	$334,100	97 ft
3600 1ST AVE S MINNEAPOLIS MN 55409	ANDREW SCOTT & LISA SCOTT	RESIDENTIAL-TWO UNIT	$373,200	115 ft
3620 1ST AVE S MINNEAPOLIS MN 55409	TITO MENDOZA	RESIDENTIAL	$287,000	135 ft
3609 NICOLLET AVE MINNEAPOLIS MN 55409	TRUYEN MINH NGUYEN	COMMERCIAL-PREFERRED	$625,000	138 ft
3613 NICOLLET AVE MINNEAPOLIS MN 55409	MADISON AVE HOMES LLC	LOW INCOME RENTAL	$190,300	139 ft
3615 NICOLLET AVE MINNEAPOLIS MN 55409	MICHAEL WILEY	RESIDENTIAL	$120,000	146 ft

Property History

Most Recent Sale

Date200308

Price$212,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,361