3331 38TH AVE S MINNEAPOLIS MN 55406

PID: 0602823130111

Property Overview

Parcel ID0602823130111

Lot Size5,140 sq ft (0.118 ac)

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

Year Built1928

Property ClassRESIDENTIAL

OwnerMARION YOUNG TRUST ET AL

Assessed Value$405,700

Land Value$142,000

Building Value$263,700

Annual Tax$6,140

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $20K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$18K

Midwest Roofing Siding and Windows Inc

ResJun 2023Closed

CenterPoint Energy Resource Corp

ExistresJun 2019Closed

Standard Heating and Air Conditioning Inc

MiscJul 2018Closed

$2K

THINK STUCCO

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 depth88 ft

Area~2,654 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 2,654 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
3327 38TH AVE S MINNEAPOLIS MN 55406	N A CHAPMAN & R L CLERICI	RESIDENTIAL-TWO UNIT	$354,000	40 ft
3335 38TH AVE S MINNEAPOLIS MN 55406	UTE ZAHN	RESIDENTIAL	$304,000	40 ft
3325 38TH AVE S MINNEAPOLIS MN 55406	J HOUSEMAN/JEANA L HOUSEMAN	RESIDENTIAL	$317,900	80 ft
3337 38TH AVE S MINNEAPOLIS MN 55406	MARK D WILKIE	RESIDENTIAL-TWO UNIT	$429,700	80 ft
3323 38TH AVE S MINNEAPOLIS MN 55406	RACHEL LEE LOKKEN	RESIDENTIAL	$306,000	120 ft
3341 38TH AVE S MINNEAPOLIS MN 55406	HERMAN CAPITAL PRTNRS IV LLC	RESIDENTIAL	$292,900	120 ft
3332 39TH AVE S MINNEAPOLIS MN 55406	S C CAMPBELL & L J CAMPBELL	RESIDENTIAL	$365,300	142 ft
3334 39TH AVE S MINNEAPOLIS MN 55406	K H NELSON & J M BROWN	RESIDENTIAL	$287,800	145 ft
3326 39TH AVE S MINNEAPOLIS MN 55406	A G BRUTLAG & N L CLOUGH	RESIDENTIAL	$346,500	151 ft
3336 39TH AVE S MINNEAPOLIS MN 55406	JEAN ANN CLOUGH	RESIDENTIAL	$168,000	158 ft

Property History

Current Tax Year

Year2026

Tax Due$6,140