3708 1ST AVE S MINNEAPOLIS MN 55409

PID: 0302824430133

Property Overview

Parcel ID0302824430133

Lot Size4,808 sq ft (0.110 ac)

Lot Dimensions (est.)126 ft wide × 38 ft deep

Year Built1904

Property ClassRESIDENTIAL-TWO UNIT

OwnerLUCIANO A CASTILLO PINOS

Assessed Value$345,100

Land Value$114,000

Building Value$231,100

Annual Tax$5,125

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 ↗

Cultural District — 38th StreetHigh

Within the 38th Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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 width28 ft

Buildable depth87 ft

Area~2,423 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 2,423 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
3706 1ST AVE S MINNEAPOLIS MN 55409	DONALD SCURLOCK	RESIDENTIAL	$275,100	38 ft
3712 1ST AVE S MINNEAPOLIS MN 55409	F CAMPOS & M CAMPOS	RESIDENTIAL-TWO UNIT	$353,400	38 ft
3702 1ST AVE S MINNEAPOLIS MN 55409	MATTHEW JONES & SARAH SMITH	RESIDENTIAL	$303,000	76 ft
3716 1ST AVE S MINNEAPOLIS MN 55409	S R OLDENBURG/A W OLDENBURG	RESIDENTIAL-TWO UNIT	$339,700	76 ft
3700 1ST AVE S MINNEAPOLIS MN 55409	MSB NORTH LLC	RESIDENTIAL-TWO UNIT	$373,900	114 ft
3718 1ST AVE S MINNEAPOLIS MN 55409	T C SCHNEIDER/J E SCHNEIDER	RESIDENTIAL-TWO UNIT	$331,500	114 ft
9 37TH ST E MINNEAPOLIS MN 55409	MAXWELL MCQUIRTER	APARTMENT	$190,000	136 ft
3711 NICOLLET AVE MINNEAPOLIS MN 55409	JOSE M VALLES-ESTRADA ET AL	RESIDENTIAL	$200,600	138 ft
3715 NICOLLET AVE MINNEAPOLIS MN 55409	C KNEISL & T LYONS	RESIDENTIAL	$211,100	143 ft
3707 NICOLLET AVE MINNEAPOLIS MN 55409	GOOD DOMUS SUB VII LLC	RESIDENTIAL	$206,300	143 ft

Property History

Most Recent Sale

Date200107

Price$72,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,125