1508 37TH ST E MINNEAPOLIS MN 55407

PID: 0202824430016

Property Overview

Parcel ID0202824430016

Lot Size3,055 sq ft (0.070 ac)

Lot Dimensions (est.)51 ft wide × 60 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerJOHN E NORBLOM JR ET AL

Assessed Value$211,600

Land Value$70,000

Building Value$141,600

Annual Tax$2,879

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $19K total declared value · Most recent: Feb 2026 (remodel)

RemodelFeb 2026Final Inspection

$10K

FARRELL AND SONS

ResFeb 2026Final Inspection

Johnson Plumbing and Heating Co

ResNov 2025Inspection

Johnson Plumbing and Heating Co

ResOct 2023Closed

CenterPoint Energy Resource Corp

MiscOct 2023Closed

$9K

FARRELL AND SONS

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

Neighborhood Profile

Powderhorn Park · Minneapolis

Median reported rent1,384/mo

Renter-occupied31.1%

Median home value$271K

Vacancy rate4.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1097

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 width41 ft

Buildable depth20 ft

Area~818 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 818 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3649 15TH AVE S MINNEAPOLIS MN 55407	TIMOTHY JAMES HARINCAR	RESIDENTIAL	$321,600	61 ft
1512 37TH ST E MINNEAPOLIS MN 55407	J D SWEET & C A THOMAS	RESIDENTIAL	$142,400	62 ft
3645 15TH AVE S MINNEAPOLIS MN 55407	ANNE M VAREKA	RESIDENTIAL	$210,000	62 ft
3641 15TH AVE S MINNEAPOLIS MN 55407	A BETZEHHEIMER & A FINK	RESIDENTIAL	$310,000	98 ft
3640 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BARBARA SITTON	RESIDENTIAL	$280,900	108 ft
3701 15TH AVE S MINNEAPOLIS MN 55407	KENNETH C DAHLIN	RESIDENTIAL-TWO UNIT	$378,700	120 ft
3644 BLOOMINGTON AVE MINNEAPOLIS MN 55407	M O-DE-PAREDES/M LLAPA ET AL	RESIDENTIAL	$217,900	124 ft
3636 BLOOMINGTON AVE MINNEAPOLIS MN 55407	BROCK FROME/HALLIE ROSS	RESIDENTIAL	$257,600	136 ft
3637 15TH AVE S MINNEAPOLIS MN 55407	CLAUDIA G BEERMANN	RESIDENTIAL	$384,800	136 ft
3700 BLOOMINGTON AVE MINNEAPOLIS MN 55407	MANA HOLDINGS GROUP LLC	RESIDENTIAL-TWO UNIT	$323,800	152 ft

Property History

Most Recent Sale

Date199605

Price$40,450

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,879