3018 39TH AVE S MINNEAPOLIS MN 55406

PID: 0602823120179

Property Overview

Parcel ID0602823120179

Lot Size5,144 sq ft (0.118 ac)

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

Year Built1911

Property ClassRESIDENTIAL

OwnerRONALD D PALLA

Assessed Value$263,800

Land Value$144,000

Building Value$119,800

Annual Tax$3,764

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

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~2,657 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 2,657 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
3022 39TH AVE S MINNEAPOLIS MN 55406	JON STOEWER/CYNTHIA STOEWER	RESIDENTIAL-TWO UNIT	$449,900	40 ft
3014 39TH AVE S MINNEAPOLIS MN 55406	L A GALLAS & B A NELLIS	RESIDENTIAL	$307,600	40 ft
3026 39TH AVE S MINNEAPOLIS MN 55406	JED R RANDALL	RESIDENTIAL	$321,300	80 ft
3010 39TH AVE S MINNEAPOLIS MN 55406	JASON KATZ	RESIDENTIAL	$330,200	80 ft
3030 39TH AVE S MINNEAPOLIS MN 55406	STEVEN P & ROCHELLE CLOUTIER	RESIDENTIAL	$317,800	120 ft
3019 38TH AVE S MINNEAPOLIS MN 55406	PHILIP P ECONOMON JR	RESIDENTIAL	$270,500	142 ft
3017 38TH AVE S MINNEAPOLIS MN 55406	DANIEL BALETTE	RESIDENTIAL	$240,000	148 ft
3023 38TH AVE S MINNEAPOLIS MN 55406	STEVEN M TIETZ	RESIDENTIAL-TWO UNIT	$405,700	148 ft
3034 39TH AVE S MINNEAPOLIS MN 55406	V VARGAS & LINDSAY VARGAS	RESIDENTIAL	$309,100	161 ft
3027 38TH AVE S MINNEAPOLIS MN 55406	SHERRIN E JOHNSON	RESIDENTIAL	$317,000	163 ft

Property History

Current Tax Year

Year2026

Tax Due$3,764