3915 1ST AVE S MINNEAPOLIS MN 55409

PID: 1002824120129

Property Overview

Parcel ID1002824120129

Lot Size5,273 sq ft (0.121 ac)

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

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerR C SHEPHERD/L A SONSTHAGEN

Assessed Value$470,500

Land Value$120,000

Building Value$350,500

Annual Tax$8,935

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

5 permits on record since 2019 · $8K total declared value · Most recent: Apr 2025 (res)

ResApr 2025Closed

Warners Stellian Co Inc

ResOct 2022Closed

FIRESIDE HEARTH AND HOME

MiscJul 2022Closed

$8K

WRIGHT HOME IMPROVEMENT INC

ResOct 2020Closed

Warners Stellian Co Inc

ResAug 2019Closed

Warners Stellian Co 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 width30 ft

Buildable depth92 ft

Area~2,754 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 2,754 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
3919 1ST AVE S MINNEAPOLIS MN 55409	P J HALLSTROM/J S HALLSTROM	RESIDENTIAL-TWO UNIT	$470,600	40 ft
3923 1ST AVE S MINNEAPOLIS MN 55409	ISABELLA BOWERS	RESIDENTIAL-TWO UNIT	$459,600	80 ft
3901 1ST AVE S MINNEAPOLIS MN 55409	PILGRIM EVAN LUTH CH	COMMERCIAL-PREFERRED	$0	95 ft
3927 1ST AVE S MINNEAPOLIS MN 55409	ROBERT L BARTELS	RESIDENTIAL-TWO UNIT	$482,700	120 ft
3908 STEVENS AVE MINNEAPOLIS MN 55409	PILGRIM EVANG LUTH CH	LAND-COMMERCIAL	$160,000	149 ft
3918 STEVENS AVE MINNEAPOLIS MN 55409	PILGRIM EVAN LUTH CH MPLS	RESIDENTIAL	$0	149 ft
3931 1ST AVE S MINNEAPOLIS MN 55409	NATHAN WEST	RESIDENTIAL-TWO UNIT	$610,600	160 ft
3924 STEVENS AVE MINNEAPOLIS MN 55409	B MORALES G & P HERNANDEZ	RESIDENTIAL	$228,500	164 ft
3926 STEVENS AVE MINNEAPOLIS MN 55409	JOHN SCOTT & MALAIKA GRANT	RESIDENTIAL	$263,400	186 ft
3914 1ST AVE S MINNEAPOLIS MN 55409	MALCOLM BAKER & COLIN DEAN	RESIDENTIAL-TWO UNIT	$463,900	189 ft

Property History

Most Recent Sale

Date200306

Price$345,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,935