3906 1ST AVE S MINNEAPOLIS MN 55409

PID: 1002824120093

Property Overview

Parcel ID1002824120093

Lot Size5,073 sq ft (0.116 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1928

Property ClassRESIDENTIAL-TWO UNIT

OwnerREVIVAL PROPERTIES LLC

Assessed Value$414,200

Land Value$118,000

Building Value$296,200

Annual Tax$7,867

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

1 permit on record since 2025 · $7K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Final Inspection

$7K

NORTHRUP REMODELING

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

King Field · Minneapolis

Median reported rent1,253/mo

Renter-occupied32.9%

Median home value$403K

Vacancy rate4.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1099

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 width30 ft

Buildable depth87 ft

Area~2,605 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 2,605 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3910 1ST AVE S MINNEAPOLIS MN 55409	LUTHER GROTH & LINDSEY GROTH	RESIDENTIAL-TWO UNIT	$454,900	40 ft
3900 1ST AVE S MINNEAPOLIS MN 55409	D J FERRIS & C M CARLSON	APARTMENT	$1,191,000	55 ft
3914 1ST AVE S MINNEAPOLIS MN 55409	MALCOLM BAKER & COLIN DEAN	RESIDENTIAL-TWO UNIT	$463,900	80 ft
3918 1ST AVE S MINNEAPOLIS MN 55409	JAY R KETTLER	RESIDENTIAL-TWO UNIT	$420,100	120 ft
3901 NICOLLET AVE MINNEAPOLIS MN 55409	CORP/CH OF LATTER DAY SAINTS	COMMERCIAL-PREFERRED	$0	149 ft
3922 1ST AVE S MINNEAPOLIS MN 55409	3922 FIRST AVE LLC	RESIDENTIAL-TWO UNIT	$484,000	160 ft
3856 1ST AVE S MINNEAPOLIS MN 55409	SARAH WOUTAT	RESIDENTIAL	$296,400	173 ft
12 39TH ST E MINNEAPOLIS MN 55409	SANDRA JEAN MCDONALD	RESIDENTIAL	$219,600	175 ft
3901 1ST AVE S MINNEAPOLIS MN 55409	PILGRIM EVAN LUTH CH	COMMERCIAL-PREFERRED	$0	190 ft
3928 1ST AVE S MINNEAPOLIS MN 55409	NATHAN KENNER	RESIDENTIAL-TWO UNIT	$462,200	200 ft

Property History

Most Recent Sale

Date201303

Price$182,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,867