1115 37TH ST E MINNEAPOLIS MN 55407

PID: 0202824340211

Property Overview

Parcel ID0202824340211

Lot Size2,614 sq ft (0.060 ac)

Lot Dimensions (est.)42 ft wide × 62 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerZ PEARBERG & O PEARBERG

Assessed Value$152,600

Land Value$64,000

Building Value$88,600

Annual Tax$1,895

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 ↗

Cultural District — 38th StreetHigh

Within the 38th Street Cultural District — eligible for Great Streets priority financing and cultural district-specific CPED programs.

Minneapolis — Cultural Districts ↗

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 2026 · $8K total declared value · Most recent: Apr 2026 (existres)

ExistresApr 2026Inspection

$250

Zach Pearberg

ResApr 2026Inspection

Zach Pearberg

RemodelApr 2026Inspection

$8K

Zach Pearberg

ResMar 2026Inspection

Zach Pearberg

ResJan 2026Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,152/mo

Renter-occupied30.0%

Median home value$271K

Vacancy rate2.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 96

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth22 ft

Area~714 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 714 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3704 12TH AVE S MINNEAPOLIS MN 55407	H INGHAM & P MCNATTIN	RESIDENTIAL	$275,400	59 ft
3700 12TH AVE S MINNEAPOLIS MN 55407	J A LIVESEY & C R VORLICEK	RESIDENTIAL	$419,400	61 ft
3708 12TH AVE S MINNEAPOLIS MN 55407	O G CROZIER & K E MCMAHON	RESIDENTIAL	$215,600	82 ft
3701 11TH AVE S MINNEAPOLIS MN 55407	ROMAWATEE RAGOONANAN	RESIDENTIAL	$374,700	96 ft
3705 11TH AVE S MINNEAPOLIS MN 55407	ROMAWATEE RAGOONANAN	RESIDENTIAL	$222,500	100 ft
3709 11TH AVE S MINNEAPOLIS MN 55407	CALEB J MAAS & MEGGIE C MAAS	RESIDENTIAL	$215,700	117 ft
3712 12TH AVE S MINNEAPOLIS MN 55407	EMILY BAIL/ROBERT C KING III	RESIDENTIAL	$360,000	118 ft
3715 11TH AVE S MINNEAPOLIS MN 55407	ROBERT T & DIETRAH C HIATT	RESIDENTIAL	$335,700	144 ft
3716 12TH AVE S MINNEAPOLIS MN 55407	PAUL L MERRELL TRUST	RESIDENTIAL	$262,200	156 ft
3717 11TH AVE S MINNEAPOLIS MN 55407	MATTHEW WEBB LASLEY	RESIDENTIAL	$364,000	176 ft

Property History

Most Recent Sale

Date202602

Price$165,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,895