3940 PILLSBURY AVE MINNEAPOLIS MN 55409

PID: 1002824210193

Property Overview

Parcel ID1002824210193

Lot Size6,321 sq ft (0.145 ac)

Lot Dimensions (est.)169 ft wide × 37 ft deep

Year Built1905

Property ClassRESIDENTIAL

OwnerMARHTA & JAN RODOLFO

Assessed Value$447,700

Land Value$173,000

Building Value$274,700

Annual Tax$6,842

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

2 permits on record since 2023 · $17K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Expired

API Companies

MiscOct 2023Closed

$17K

LIBERTE CONSTRUCTION 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 width27 ft

Buildable depth131 ft

Area~3,535 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 3,535 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3932 PILLSBURY AVE MINNEAPOLIS MN 55409	S A DEARMOND/A S DEARMOND	RESIDENTIAL	$413,000	37 ft
3944 PILLSBURY AVE MINNEAPOLIS MN 55409	ANNA CARDINAL & GLENN FISHER	RESIDENTIAL	$384,100	38 ft
3930 PILLSBURY AVE MINNEAPOLIS MN 55409	T CHAPDELAINE/A CHAPDELAINE	RESIDENTIAL-TWO UNIT	$551,600	75 ft
3926 PILLSBURY AVE MINNEAPOLIS MN 55409	CLAYTON THOMAS & KATE THOMAS	RESIDENTIAL	$396,000	112 ft
210 40TH ST W MINNEAPOLIS MN 55409	DANIEL G OLSON	RESIDENTIAL	$359,200	127 ft
204 40TH ST W MINNEAPOLIS MN 55409	DENNIS A DARNICK ETAL	RESIDENTIAL	$364,300	128 ft
214 40TH ST W MINNEAPOLIS MN 55409	J P SAUER & J L SAUER	RESIDENTIAL	$345,700	137 ft
200 40TH ST W MINNEAPOLIS MN 55409	JESSE WELSH	RESIDENTIAL	$604,600	141 ft
3924 PILLSBURY AVE MINNEAPOLIS MN 55409	K & M SMETANA	RESIDENTIAL	$270,000	150 ft
218 40TH ST W MINNEAPOLIS MN 55409	JONATHAN NEMANI	TRIPLEX	$894,200	162 ft

Property History

Most Recent Sale

Date202109

Price$442,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,842