108 37TH ST E MINNEAPOLIS MN 55409

PID: 0302824430052

Property Overview

Parcel ID0302824430052

Lot Size2,452 sq ft (0.056 ac)

Lot Dimensions (est.)40 ft wide × 61 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerBERCH CAPITAL LLC

Assessed Value$250,500

Land Value$79,000

Building Value$171,500

Annual Tax$3,878

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · Most recent: Jan 2025 (res)

ResJan 2025Closed

CenterPoint Energy Resource Corp

ResDec 2021Closed

Warners Stellian Co Inc

ExistresOct 2021Closed

Jayhawk Mechanical 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 width30 ft

Buildable depth21 ft

Area~631 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 631 sqft buildable area.

Est. units

Yield on cost

4.4%

Spread

-1.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
110 37TH ST E MINNEAPOLIS MN 55409	ARYN LIPNICKI	RESIDENTIAL	$296,300	41 ft
3643 1ST AVE S MINNEAPOLIS MN 55409	MICHAEL TROST	RESIDENTIAL	$232,600	45 ft
3639 1ST AVE S MINNEAPOLIS MN 55409	WEST EDGE INVESTMENTS LLC	TRIPLEX	$314,700	56 ft
112 37TH ST E MINNEAPOLIS MN 55409	JEANETTE R MATTER	RESIDENTIAL	$249,200	100 ft
3635 1ST AVE S MINNEAPOLIS MN 55409	JENNY INVESTMENTS LLC	LOW INCOME RENTAL	$534,000	112 ft
105 37TH ST E MINNEAPOLIS MN 55409	WENDY SUSETT VALVERDE GUZMAN	RESIDENTIAL	$209,200	134 ft
111 37TH ST E MINNEAPOLIS MN 55409	THOMAS J PATRICK MCDERMOTT	RESIDENTIAL	$296,600	140 ft
101 37TH ST E MINNEAPOLIS MN 55409	WENDY S KUENSTER	RESIDENTIAL	$230,400	142 ft
3638 STEVENS AVE MINNEAPOLIS MN 55409	JONATHAN AUSTIN BURD	RESIDENTIAL	$297,100	153 ft
3631 1ST AVE S MINNEAPOLIS MN 55409	E M LEE & C S ERICKSON	RESIDENTIAL	$311,400	162 ft

Property History

Most Recent Sale

Date201103

Price$70,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,878