3908 STEVENS AVE MINNEAPOLIS MN 55409

PID: 1002824120108

Property Overview

Parcel ID1002824120108

Lot Size15,820 sq ft (0.363 ac)

Lot Dimensions (est.)132 ft wide × 120 ft deep

Year Built1968

Property ClassLAND-COMMERCIAL

OwnerPILGRIM EVANG LUTH CH

Assessed Value$160,000

Land Value$160,000

Building Value$0

Annual Tax$3,660

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

7 permits on record since 2017 · $2.5M total declared value · Most recent: Apr 2025 (remodel)

RemodelApr 2025Closed

$500

MasTec Network Solutions

CommfdnrNov 2022Closed

$208K

Airtech Thermex LLC

TempheatNov 2022Closed

Airtech Thermex LLC

RemodelOct 2022Closed

$2.3M

SULLIVAN DAY CONSTRUCTION

FoodbevSep 2022Closed

ACI Plumbing Inc

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth92 ft

Area~10,098 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 sfr / adu benchmarks for 10,098 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3918 STEVENS AVE MINNEAPOLIS MN 55409	PILGRIM EVAN LUTH CH MPLS	RESIDENTIAL	$0	80 ft
3902 STEVENS AVE MINNEAPOLIS MN 55409	PILGRIM EVANGELICAL LUTH CH	VACANT LAND-APARTMENT	$0	95 ft
3924 STEVENS AVE MINNEAPOLIS MN 55409	B MORALES G & P HERNANDEZ	RESIDENTIAL	$228,500	120 ft
3915 1ST AVE S MINNEAPOLIS MN 55409	R C SHEPHERD/L A SONSTHAGEN	RESIDENTIAL-TWO UNIT	$470,500	149 ft
3901 1ST AVE S MINNEAPOLIS MN 55409	PILGRIM EVAN LUTH CH	COMMERCIAL-PREFERRED	$0	153 ft
3926 STEVENS AVE MINNEAPOLIS MN 55409	JOHN SCOTT & MALAIKA GRANT	RESIDENTIAL	$263,400	160 ft
3919 1ST AVE S MINNEAPOLIS MN 55409	P J HALLSTROM/J S HALLSTROM	RESIDENTIAL-TWO UNIT	$470,600	165 ft
3923 1ST AVE S MINNEAPOLIS MN 55409	ISABELLA BOWERS	RESIDENTIAL-TWO UNIT	$459,600	188 ft
3930 STEVENS AVE MINNEAPOLIS MN 55409	TODD CONNOLLY BAKER	RESIDENTIAL	$257,700	200 ft
3858 STEVENS AVE MINNEAPOLIS MN 55409	C S NAULA & M C LLIVICOTA	RESIDENTIAL	$278,500	210 ft

Property History

Current Tax Year

Year2026

Tax Due$3,660