1015 37TH ST W MINNEAPOLIS MN 55409

PID: 0402824440147

Property Overview

Parcel ID0402824440147

Lot Size5,498 sq ft (0.126 ac)

Lot Dimensions (est.)129 ft wide × 43 ft deep

Year Built0

Property ClassVACANT LAND-RESIDENTIAL

OwnerJAMES KUMON & FAITH KUMON

Assessed Value$208,000

Land Value$208,000

Building Value$0

Annual Tax$3,950

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $20K total declared value · Most recent: Oct 2023 (commercial minor)

Commercial MinorOct 2023Expired

Air Mechanical Inc

PrivateAug 2020Closed

$20K

Alex Erickson LLC

ResOct 2019Closed

Piperight Plumbing Inc

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

Neighborhood Profile

East Harriet · Minneapolis

Median reported rent1,188/mo

Renter-occupied69.2%

Median home value$289K

Vacancy rate4.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1092

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

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 width116 ft

Buildable depth3 ft

Area~315 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 315 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
3705 DUPONT AVE S MINNEAPOLIS MN 55409	DEREK RANDALL BOURCY	RESIDENTIAL-TWO UNIT	$527,700	43 ft
3709 DUPONT AVE S MINNEAPOLIS MN 55409	THOMAS J & BARBARA GEAN WARD	RESIDENTIAL	$379,000	85 ft
1012 37TH ST W MINNEAPOLIS MN 55409	P W SAUSER & M R SAUSER TRST	RESIDENTIAL	$570,100	103 ft
3715 DUPONT AVE S MINNEAPOLIS MN 55409	J HOLTHUSEN / H HOLTHUSEN	RESIDENTIAL	$843,900	128 ft
3700 COLFAX AVE S MINNEAPOLIS MN 55409	P KORSAKOV & K M BAY	RESIDENTIAL-TWO UNIT	$560,800	140 ft
3649 DUPONT AVE S MINNEAPOLIS MN 55409	DAVID DAILY & SANDRA RIEGER	RESIDENTIAL	$390,400	144 ft
3704 COLFAX AVE S MINNEAPOLIS MN 55409	ANN C ALBERTSON	RESIDENTIAL-TWO UNIT	$505,600	146 ft
3708 COLFAX AVE S MINNEAPOLIS MN 55409	W MORK/K S JAMES/M B J-MORK	RESIDENTIAL-TWO UNIT	$549,700	164 ft
3717 DUPONT AVE S MINNEAPOLIS MN 55409	MARK A JOHNSON	RESIDENTIAL	$434,000	181 ft
3650 COLFAX AVE S MINNEAPOLIS MN 55409	C G SEIDL & B SEIDL	RESIDENTIAL-TWO UNIT	$631,300	187 ft

Property History

Most Recent Sale

Date202501

Price$347,456

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,950