3728 1ST AVE S MINNEAPOLIS MN 55409

PID: 0302824430139

Property Overview

Parcel ID0302824430139

Lot Size4,815 sq ft (0.111 ac)

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

Year Built1910

Property ClassRESIDENTIAL

OwnerREBECCA R CARLSON

Assessed Value$328,600

Land Value$114,000

Building Value$214,600

Annual Tax$4,848

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~2,428 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 2,428 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
3724 1ST AVE S MINNEAPOLIS MN 55409	B & S BROWNING	RESIDENTIAL	$256,800	38 ft
3730 1ST AVE S MINNEAPOLIS MN 55409	ADAM J ALEXANDER	RESIDENTIAL-TWO UNIT	$387,700	38 ft
3720 1ST AVE S MINNEAPOLIS MN 55409	MICHAEL P LORD	RESIDENTIAL	$303,000	76 ft
3736 1ST AVE S MINNEAPOLIS MN 55409	ROBERT KEVIN PHILLIPS	RESIDENTIAL	$307,500	76 ft
3718 1ST AVE S MINNEAPOLIS MN 55409	T C SCHNEIDER/J E SCHNEIDER	RESIDENTIAL-TWO UNIT	$331,500	114 ft
3738 1ST AVE S MINNEAPOLIS MN 55409	ALYCIA ZAHLER/GEOFF FINSTUEN	RESIDENTIAL	$310,500	128 ft
3729 NICOLLET AVE MINNEAPOLIS MN 55409	ISIDRO PEREZ	LAND-COMMERCIAL	$95,800	138 ft
3725 NICOLLET AVE MINNEAPOLIS MN 55409	ISIDRO PEREZ & ARACELI PEREZ	LAND-COMMERCIAL	$192,400	149 ft
3733 NICOLLET AVE MINNEAPOLIS MN 55409	ISIDRO PEREZ	COMMERCIAL-PREFERRED	$858,000	150 ft
3716 1ST AVE S MINNEAPOLIS MN 55409	S R OLDENBURG/A W OLDENBURG	RESIDENTIAL-TWO UNIT	$339,700	152 ft

Property History

Most Recent Sale

Date201203

Price$153,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,848