616 37TH AVE N E MINNEAPOLIS MN 55421

PID: 0202924120178

Property Overview

Parcel ID0202924120178

Lot Size6,868 sq ft (0.158 ac)

Lot Dimensions (est.)56 ft wide × 122 ft deep

Year Built1925

Property ClassRESIDENTIAL-TWO UNIT

OwnerK J THOMSEN & D J THOMSEN

Assessed Value$376,000

Land Value$88,000

Building Value$288,000

Annual Tax$7,141

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $13K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$8K

R & R Roofing INC

ExistresAug 2024Inspection

Metro Heating & Cooling LLC

ResMay 2022Closed

TJK PLUMBING INC

ExistresOct 2021Closed

McQuillan Bros Plumbing Heating & AC LLC

ResJul 2019Closed

Sowada & Barna Plumbing LLC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width43 ft

Buildable depth82 ft

Area~3,556 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 3,556 sqft buildable area.

Est. units

Yield on cost

2.2%

Spread

-3.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
612 37TH AVE N E MINNEAPOLIS MN 55421	M & F ABDEL-KERIM	RESIDENTIAL	$263,200	45 ft
608 37TH AVE N E MINNEAPOLIS MN 55421	SAMIHA M RIFAI	RESIDENTIAL	$263,200	80 ft
624 37TH AVE N E MINNEAPOLIS MN 55421	KASIE J BARNESS	RESIDENTIAL	$305,700	116 ft
604 37TH AVE N E MINNEAPOLIS MN 55421	MOSTAFA M RIFAI	RESIDENTIAL	$204,400	120 ft
3640 MADISON PL MINNEAPOLIS MN 55418	CLAYTON F ORDYNIEC	RESIDENTIAL	$256,200	137 ft
611 36 1/2 AVE N E MINNEAPOLIS MN 55418	JORDAN MERHAR/MICHAEL MERHAR	RESIDENTIAL	$264,200	151 ft
600 37TH AVE N E MINNEAPOLIS MN 55421	KAYLA LEIGH BLAIN	RESIDENTIAL	$249,700	165 ft
630 37TH AVE N E MINNEAPOLIS MN 55421	DAVID A MARTY	RESIDENTIAL	$251,200	170 ft
625 36 1/2 AVE N E MINNEAPOLIS MN 55418	B R ALEXOPOULOS ET AL	RESIDENTIAL	$288,000	177 ft
605 36 1/2 AVE N E MINNEAPOLIS MN 55418	UMAR AKHTAR & JENNA H UMAR	RESIDENTIAL	$281,100	188 ft

Property History

Most Recent Sale

Date201812

Price$323,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,141