3027 38TH AVE S MINNEAPOLIS MN 55406

PID: 0602823120169

Property Overview

Parcel ID0602823120169

Lot Size5,146 sq ft (0.118 ac)

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

Year Built1960

Property ClassRESIDENTIAL

OwnerSHERRIN E JOHNSON

Assessed Value$317,000

Land Value$144,000

Building Value$173,000

Annual Tax$4,655

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $16K total declared value · Most recent: Jan 2024 (misc)

MiscJan 2024Closed

$4K

STANDARD WATER CONTROL SYSTEMS INC

RemodelDec 2023Closed

$3K

Safe Basements of MN

ExistresNov 2023Closed

SEDGWICK HEATING & AIR CONDITIONING

MiscNov 2023Closed

$9K

FFC INC

ExistresApr 2019Closed

UPTOWN PLUMBING HEATING AND COOLING

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

Neighborhood Profile

Cooper · 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
3031 38TH AVE S MINNEAPOLIS MN 55406	DANA J HABECK	RESIDENTIAL-ZERO LOT LINE	$199,700	30 ft
3023 38TH AVE S MINNEAPOLIS MN 55406	STEVEN M TIETZ	RESIDENTIAL-TWO UNIT	$405,700	40 ft
3033 38TH AVE S MINNEAPOLIS MN 55406	VANESSA JUVLAND	RESIDENTIAL-ZERO LOT LINE	$210,600	50 ft
3019 38TH AVE S MINNEAPOLIS MN 55406	PHILIP P ECONOMON JR	RESIDENTIAL	$270,500	80 ft
3035 38TH AVE S MINNEAPOLIS MN 55406	F FAIRBANKS & C FAIRBANKS	RESIDENTIAL	$430,200	90 ft
3017 38TH AVE S MINNEAPOLIS MN 55406	DANIEL BALETTE	RESIDENTIAL	$240,000	120 ft
3026 39TH AVE S MINNEAPOLIS MN 55406	JED R RANDALL	RESIDENTIAL	$321,300	142 ft
3030 39TH AVE S MINNEAPOLIS MN 55406	STEVEN P & ROCHELLE CLOUTIER	RESIDENTIAL	$317,800	148 ft
3022 39TH AVE S MINNEAPOLIS MN 55406	JON STOEWER/CYNTHIA STOEWER	RESIDENTIAL-TWO UNIT	$449,900	148 ft
3039 38TH AVE S MINNEAPOLIS MN 55406	JULIA MERLE-SMITH	RESIDENTIAL	$310,300	151 ft

Property History

Most Recent Sale

Date202311

Price$295,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,655