112 37TH ST E MINNEAPOLIS MN 55409

PID: 0302824430050

Property Overview

Parcel ID0302824430050

Lot Size3,840 sq ft (0.088 ac)

Lot Dimensions (est.)52 ft wide × 75 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerJEANETTE R MATTER

Assessed Value$249,200

Land Value$101,000

Building Value$148,200

Annual Tax$3,688

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 2021 · $15K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

CenterPoint Energy Resource Corp

MiscMar 2021Closed

$4K

Holmlund Masonry Inc

MiscJan 2021Closed

$11K

KAUFMAN SHEET METAL ROOFING INC

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

Neighborhood Profile

King Field · Minneapolis

Median reported rent1,194/mo

Renter-occupied53.6%

Median home value$326K

Vacancy rate10.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1093

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 depth35 ft

Area~1,439 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 1,439 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
110 37TH ST E MINNEAPOLIS MN 55409	ARYN LIPNICKI	RESIDENTIAL	$296,300	59 ft
3638 STEVENS AVE MINNEAPOLIS MN 55409	JONATHAN AUSTIN BURD	RESIDENTIAL	$297,100	68 ft
3640 STEVENS AVE MINNEAPOLIS MN 55409	DEBORAH R ROESLER	RESIDENTIAL	$172,400	68 ft
3644 STEVENS AVE MINNEAPOLIS MN 55409	SURELY BETTER LLC	RESIDENTIAL	$251,800	68 ft
3636 STEVENS AVE MINNEAPOLIS MN 55409	THIEN NGUYEN	RESIDENTIAL	$179,000	100 ft
108 37TH ST E MINNEAPOLIS MN 55409	BERCH CAPITAL LLC	RESIDENTIAL	$250,500	100 ft
3639 1ST AVE S MINNEAPOLIS MN 55409	WEST EDGE INVESTMENTS LLC	TRIPLEX	$314,700	114 ft
3700 STEVENS AVE MINNEAPOLIS MN 55409	SEYOUM Z WOLDEYOHANNES ET AL	RESIDENTIAL	$428,000	129 ft
3632 STEVENS AVE MINNEAPOLIS MN 55409	ERIC HARVEY & LAUREN HARVEY	RESIDENTIAL	$284,400	136 ft
3643 1ST AVE S MINNEAPOLIS MN 55409	MICHAEL TROST	RESIDENTIAL	$232,600	145 ft

Property History

Most Recent Sale

Date200401

Price$193,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,688