3031 39TH AVE S MINNEAPOLIS MN 55406

PID: 0602823120060

Property Overview

Parcel ID0602823120060

Lot Size5,145 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerR P SCHAEPE & V R GALBREATH

Assessed Value$309,200

Land Value$144,000

Building Value$165,200

Annual Tax$4,639

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 depth89 ft

Area~2,658 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 2,658 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3027 39TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	40 ft
3035 39TH AVE S MINNEAPOLIS MN 55406	A BOUTROUS & D BOUTROUS	RESIDENTIAL-TWO UNIT	$385,300	40 ft
3023 39TH AVE S MINNEAPOLIS MN 55406	E BECKER & D H WARRINGTON JR	RESIDENTIAL	$316,200	80 ft
3039 39TH AVE S MINNEAPOLIS MN 55406	KEITH A WHITE LIVING TRUST	RESIDENTIAL	$333,300	80 ft
3017 39TH AVE S MINNEAPOLIS MN 55406	JACKSON FOSSEN	RESIDENTIAL	$237,900	120 ft
3043 39TH AVE S MINNEAPOLIS MN 55406	KENNETH W TOMLINSON	RESIDENTIAL	$260,500	121 ft
3030 40TH AVE S MINNEAPOLIS MN 55406	E S O'BRIEN & P S O'BRIEN	RESIDENTIAL	$363,800	142 ft
3026 40TH AVE S MINNEAPOLIS MN 55406	JENNIFER A & PAUL M HABERMAN	RESIDENTIAL	$346,100	147 ft
3034 40TH AVE S MINNEAPOLIS MN 55406	LYDIA A WYATT	RESIDENTIAL	$265,900	148 ft
3015 39TH AVE S MINNEAPOLIS MN 55406	C WILLMENG & M WILLMENG ETAL	RESIDENTIAL	$310,200	160 ft

Property History

Most Recent Sale

Date201703

Price$239,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,639