3628 1ST AVE S MINNEAPOLIS MN 55409

PID: 0302824430079

Property Overview

Parcel ID0302824430079

Lot Size6,309 sq ft (0.145 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerMARY K WALLACE ET AL

Assessed Value$240,000

Land Value$129,000

Building Value$111,000

Annual Tax$3,366

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 width40 ft

Buildable depth86 ft

Area~3,446 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 3,446 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3626 1ST AVE S MINNEAPOLIS MN 55409	T KUNENE & J KRAMER	RESIDENTIAL	$265,900	38 ft
3632 1ST AVE S MINNEAPOLIS MN 55409	A SUNDER & J GLAWE	RESIDENTIAL	$396,900	50 ft
3624 1ST AVE S MINNEAPOLIS MN 55409	J BANCHOR & D B HESSE	RESIDENTIAL	$228,000	62 ft
3620 1ST AVE S MINNEAPOLIS MN 55409	TITO MENDOZA	RESIDENTIAL	$287,000	100 ft
3636 1ST AVE S MINNEAPOLIS MN 55409	MARCO VINICIO SUMBA MONTERO	RESIDENTIAL	$413,500	100 ft
3618 1ST AVE S MINNEAPOLIS MN 55409	SAEID NADIMI	RESIDENTIAL	$334,100	138 ft
3627 NICOLLET AVE MINNEAPOLIS MN 55409	3627 NICOLLET AVE S LLC	APARTMENT	$2,004,400	138 ft
3640 1ST AVE S MINNEAPOLIS MN 55409	CARLOS RAFAEL PINOS	RESIDENTIAL	$257,700	145 ft
3635 NICOLLET AVE MINNEAPOLIS MN 55409	KHALID ANSARI	RESIDENTIAL-TWO UNIT	$284,200	152 ft
3625 NICOLLET AVE MINNEAPOLIS MN 55409	F GRAZZINI II/R C GRAZZINI	RESIDENTIAL	$334,400	154 ft

Property History

Most Recent Sale

Date201101

Price$37,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,366