3925 PLEASANT AVE MINNEAPOLIS MN 55409

PID: 1002824210179

Property Overview

Parcel ID1002824210179

Lot Size12,655 sq ft (0.291 ac)

Lot Dimensions (est.)169 ft wide × 75 ft deep

Year Built1917

Property ClassAPARTMENT

OwnerC&B PROPERTIES I LLC

Assessed Value$1,098,000

Land Value$312,700

Building Value$785,300

Annual Tax$20,852

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 ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

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 width64 ft

Buildable depth131 ft

Area~8,367 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 8,367 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
3933 PLEASANT AVE MINNEAPOLIS MN 55409	G SCHIEFERDECKER & L CARLILE	RESIDENTIAL	$421,400	57 ft
3919 PLEASANT AVE MINNEAPOLIS MN 55409	K M FLANDERS ET AL RV LV TR	RESIDENTIAL	$456,600	71 ft
3937 PLEASANT AVE MINNEAPOLIS MN 55409	J M WILLKOM & J F WEBSTER	RESIDENTIAL	$341,000	95 ft
3915 PLEASANT AVE MINNEAPOLIS MN 55409	CCP PROPERTIES LLC	APARTMENT	$643,200	127 ft
3941 PLEASANT AVE MINNEAPOLIS MN 55409	PAUL R CARLSON	RESIDENTIAL-TWO UNIT	$572,600	131 ft
3945 PLEASANT AVE MINNEAPOLIS MN 55409	JARRIN M JAMBIK	RESIDENTIAL	$433,000	169 ft
3926 PILLSBURY AVE MINNEAPOLIS MN 55409	CLAYTON THOMAS & KATE THOMAS	RESIDENTIAL	$396,000	181 ft
3924 PILLSBURY AVE MINNEAPOLIS MN 55409	K & M SMETANA	RESIDENTIAL	$270,000	181 ft
3930 PILLSBURY AVE MINNEAPOLIS MN 55409	T CHAPDELAINE/A CHAPDELAINE	RESIDENTIAL-TWO UNIT	$551,600	188 ft
3920 PILLSBURY AVE MINNEAPOLIS MN 55409	MICHAEL J MORSON & WIFE	RESIDENTIAL	$329,000	190 ft

Property History

Most Recent Sale

Date201407

Price$887,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$20,852