3540 IRVING AVE S MINNEAPOLIS MN 55408

PID: 0402824310171

Property Overview

Parcel ID0402824310171

Lot Size6,100 sq ft (0.140 ac)

Lot Dimensions (est.)122 ft wide × 50 ft deep

Year Built1932

Property ClassRESIDENTIAL-TWO UNIT

OwnerC JIBBEN & C E HUGHES IV

Assessed Value$701,100

Land Value$305,000

Building Value$396,100

Annual Tax$11,515

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

Minneapolis

Median reported rent1,601/mo

Renter-occupied66.9%

Median home value$643K

Vacancy rate7.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1080

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width112 ft

Buildable depth10 ft

Area~3,278 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 3,278 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3536 IRVING AVE S MINNEAPOLIS MN 55408	B LILLQUIST & G LILLQUIST	RESIDENTIAL-TWO UNIT	$701,400	50 ft
3544 IRVING AVE S MINNEAPOLIS MN 55408	MARY DASCHNER TRUST	RESIDENTIAL-TWO UNIT	$896,000	50 ft
3532 IRVING AVE S MINNEAPOLIS MN 55408	GEORGE E LILLQUIST ET AL	RESIDENTIAL-TWO UNIT	$701,900	100 ft
3548 IRVING AVE S MINNEAPOLIS MN 55408	CALVIN DAO ARTIMUS LIVING TR	RESIDENTIAL-TWO UNIT	$707,600	100 ft
3552 IRVING AVE S MINNEAPOLIS MN 55408	3552 IRVING LLC	TRIPLEX	$768,800	150 ft
3528 IRVING AVE S MINNEAPOLIS MN 55408	RAY E ARTZ & MARGARET B ARTZ	CONDOMINIUM	$556,000	150 ft
3528 IRVING AVE S MINNEAPOLIS MN 55408	BRIAN BURLEY/ SUZETTE BURLEY	CONDOMINIUM	$587,000	150 ft
MN	Unknown	—	—	150 ft
3537 IRVING AVE S MINNEAPOLIS MN 55408	BERT THOMPSON	RESIDENTIAL-TWO UNIT	$763,800	185 ft
3535 IRVING AVE S MINNEAPOLIS MN 55408	3535 PROPERTIES LLC	TRIPLEX	$856,700	190 ft

Property History

Most Recent Sale

Date202510

Price$791,000

TypeEXCLUDED FROM RATIO STUDIES

Current Tax Year

Year2026

Tax Due$11,515