3708 15TH AVE S MINNEAPOLIS MN 55407

PID: 0202824430163

Property Overview

Parcel ID0202824430163

Lot Size6,403 sq ft (0.147 ac)

Lot Dimensions (est.)127 ft wide × 50 ft deep

Year Built1914

Property ClassRESIDENTIAL-TWO UNIT

OwnerHANNA B K ESPARZA

Assessed Value$392,600

Land Value$102,000

Building Value$290,600

Annual Tax$5,898

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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 ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2024 · $15K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$15K

American Roofing & Siding

ResMar 2024Closed

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 rent1,384/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 width40 ft

Buildable depth88 ft

Area~3,518 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 small multifamily (2–4 units, wood frame) benchmarks for 3,518 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3712 15TH AVE S MINNEAPOLIS MN 55407	THERESA KAY NYBERG	RESIDENTIAL	$314,600	50 ft
3704 15TH AVE S MINNEAPOLIS MN 55407	C & N CURTIS	RESIDENTIAL	$295,200	51 ft
3716 15TH AVE S MINNEAPOLIS MN 55407	SALLY M GORDON	RESIDENTIAL	$233,000	100 ft
3700 15TH AVE S MINNEAPOLIS MN 55407	B EDWARDS & S HAAF	RESIDENTIAL	$273,200	103 ft
3709 14TH AVE S MINNEAPOLIS MN 55407	ANDREW MACPHAIL	RESIDENTIAL-TWO UNIT	$448,800	139 ft
3715 14TH AVE S MINNEAPOLIS MN 55407	JAMIE NELDNER	RESIDENTIAL	$366,200	148 ft
3720 15TH AVE S MINNEAPOLIS MN 55407	A SAGAL & K L SAGAL	RESIDENTIAL	$247,900	149 ft
3705 14TH AVE S MINNEAPOLIS MN 55407	J BULL & L DAUMUELLER	RESIDENTIAL	$345,400	149 ft
3717 14TH AVE S MINNEAPOLIS MN 55407	ALAN P SUBOLA	RESIDENTIAL	$235,700	170 ft
3701 14TH AVE S MINNEAPOLIS MN 55407	GALILEE MISSIONARY BAPT CHCH	COMMERCIAL-PREFERRED	$0	174 ft

Property History

Most Recent Sale

Date200501

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,898