3943 1ST AVE S MINNEAPOLIS MN 55409

PID: 1002824120122

Property Overview

Parcel ID1002824120122

Lot Size5,274 sq ft (0.121 ac)

Lot Dimensions (est.)132 ft wide × 40 ft deep

Year Built1936

Property ClassRESIDENTIAL-TWO UNIT

OwnerSCIOTO PROPERTIES SP 16 LLC

Assessed Value$500,300

Land Value$120,000

Building Value$380,300

Annual Tax$9,501

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

14 permits on record since 2018 · $166K total declared value · Most recent: Jun 2024 (existres)

ExistresJun 2024Closed

AQUARIUS HOME SERVICES

ExistresMay 2024Closed

AQUARIUS HOME SERVICES

MiscJan 2024Closed

$52K

GREAT PLAINS WINDOWS AND DOORS

ResNov 2023Closed

Dean's Professional Plumbing Inc

MiscDec 2022Cancelled

$34K

CUSTOM REMODELERS LLC

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 width30 ft

Buildable depth92 ft

Area~2,755 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 2,755 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3939 1ST AVE S MINNEAPOLIS MN 55409	W C KOPP & E M SEXTON	RESIDENTIAL	$378,000	40 ft
3947 1ST AVE S MINNEAPOLIS MN 55409	AFFORDABLE GREEN HOMES LLC	APARTMENT	$726,900	47 ft
3935 1ST AVE S MINNEAPOLIS MN 55409	TYLER O'BRIEN/JENNIFER KIM	RESIDENTIAL	$435,000	80 ft
3953 1ST AVE S MINNEAPOLIS MN 55409	V R HUNT & K C HUNT	APARTMENT	$1,050,000	108 ft
3931 1ST AVE S MINNEAPOLIS MN 55409	NATHAN WEST	RESIDENTIAL-TWO UNIT	$610,600	120 ft
3942 STEVENS AVE MINNEAPOLIS MN 55409	TODD BAKER	RESIDENTIAL	$199,300	144 ft
3946 STEVENS AVE MINNEAPOLIS MN 55409	JOHN H JACOBSON JR	RESIDENTIAL-TWO UNIT	$317,600	149 ft
3938 STEVENS AVE MINNEAPOLIS MN 55409	M R HAWTHORNE & K J SWENSON	RESIDENTIAL	$272,700	149 ft
3927 1ST AVE S MINNEAPOLIS MN 55409	ROBERT L BARTELS	RESIDENTIAL-TWO UNIT	$482,700	160 ft
3950 STEVENS AVE MINNEAPOLIS MN 55409	DIANE R NORDQUIST	RESIDENTIAL	$276,700	164 ft

Property History

Most Recent Sale

Date201801

Price$386,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,501