724 37TH AVE N E MINNEAPOLIS MN 55421

PID: 0202924110106

Property Overview

Parcel ID0202924110106

Lot Size5,781 sq ft (0.133 ac)

Lot Dimensions (est.)47 ft wide × 122 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerKARL A OBERMEYER

Assessed Value$242,300

Land Value$83,000

Building Value$159,300

Annual Tax$3,404

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

3 permits on record since 2018 · $16K total declared value · Most recent: Aug 2021 (res)

ResAug 2021Closed

Urban Pine Plumbing and Mechanical Inc

ResJun 2020Closed

CenterPoint Energy Resource Corp

RemodelApr 2018Closed

$16K

ALL ENERGY SOLAR INC

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

Neighborhood Profile

Columbia Park · Minneapolis

Median reported rent1,527/mo

Renter-occupied21.2%

Median home value$288K

Vacancy rate3.4%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 6.01

Market Snapshot

Zip code 55421

Median sale price$299K+1.4% YoY

Median price / sqft$182/sqft

Median days to close41 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55421

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 width37 ft

Buildable depth83 ft

Area~3,072 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 3,072 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
728 37TH AVE N E MINNEAPOLIS MN 55421	KEVIN WARNKE	RESIDENTIAL	$174,100	46 ft
720 37TH AVE N E MINNEAPOLIS MN 55421	ANDREW M GEIER/SHIORI GEIER	RESIDENTIAL	$237,000	47 ft
740 37TH AVE N E MINNEAPOLIS MN 55421	RAYMOND WARRY BANNON	RESIDENTIAL	$253,800	104 ft
716 37TH AVE N E MINNEAPOLIS MN 55421	WILSON LOJA	RESIDENTIAL	$263,500	105 ft
717 36 1/2 AVE N E MINNEAPOLIS MN 55418	N SLIMANI & S M ARAB	RESIDENTIAL	$245,600	137 ft
715 36 1/2 AVE N E MINNEAPOLIS MN 55418	LAURA S REYNOLDS	RESIDENTIAL	$224,200	145 ft
721 36 1/2 AVE N E MINNEAPOLIS MN 55418	DAVID M O'CONNOR	RESIDENTIAL	$331,000	145 ft
704 37TH AVE N E MINNEAPOLIS MN 55421	MNSF T2 SPE LLC	RESIDENTIAL	$244,400	161 ft
709 36 1/2 AVE N E MINNEAPOLIS MN 55418	M J & K L LENZEN	RESIDENTIAL	$229,500	165 ft
725 36 1/2 AVE N E MINNEAPOLIS MN 55418	D E HANSEN & S M WILLIAMS	RESIDENTIAL	$401,100	172 ft

Property History

Most Recent Sale

Date200403

Price$180,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,404