3741 16TH AVE S MINNEAPOLIS MN 55407

PID: 0202824440104

Property Overview

Parcel ID0202824440104

Lot Size4,894 sq ft (0.112 ac)

Lot Dimensions (est.)122 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerMORGAN PURCELL

Assessed Value$187,700

Land Value$91,000

Building Value$96,700

Annual Tax$2,479

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2025 · $68K total declared value · Most recent: Sep 2025 (existres)

ExistresSep 2025Closed

Admiral Radon & Mechanical Services LLC

RemodelSep 2025Final Inspection

$33K

BIRCH CONSTRUCTION LLC

MiscJul 2025Cancelled

$15K

Allied Construction Llc

MiscJul 2025Closed

$20K

Allied Construction Llc

ResMar 2025Closed

Metro Heating & Cooling LLC

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 width30 ft

Buildable depth82 ft

Area~2,470 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 2,470 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
3745 16TH AVE S MINNEAPOLIS MN 55407	HELEN SUMILE CANETE VOLLMER	RESIDENTIAL	$235,700	40 ft
3737 16TH AVE S MINNEAPOLIS MN 55407	C MUELLER & L BOSSERT	RESIDENTIAL	$347,500	40 ft
3749 16TH AVE S MINNEAPOLIS MN 55407	KRISTIN SOLIS & FREDY SOLIS	RESIDENTIAL-TWO UNIT	$337,400	80 ft
3733 16TH AVE S MINNEAPOLIS MN 55407	X T CASTRO & M C O'BRIEN	RESIDENTIAL	$316,000	80 ft
3753 16TH AVE S MINNEAPOLIS MN 55407	BENJAMIN HOSCH	RESIDENTIAL	$335,200	120 ft
3729 16TH AVE S MINNEAPOLIS MN 55407	R D SISKIND & A H SISKIND	RESIDENTIAL	$358,600	120 ft
3740 17TH AVE S MINNEAPOLIS MN 55407	STEVEN A FELDMAN	RESIDENTIAL-TWO UNIT	$393,700	134 ft
3736 17TH AVE S MINNEAPOLIS MN 55407	ROBERT LEWIS & JAMEZ SMITH	RESIDENTIAL-TWO UNIT	$387,800	140 ft
3744 17TH AVE S MINNEAPOLIS MN 55407	LESTER LEWIS	RESIDENTIAL-TWO UNIT	$396,100	140 ft
3732 17TH AVE S MINNEAPOLIS MN 55407	S SHAFFER & C BIRINGER	RESIDENTIAL-TWO UNIT	$401,800	156 ft

Property History

Most Recent Sale

Date202309

Price$138,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,479