3124 37TH AVE S MINNEAPOLIS MN 55406

PID: 0602823210010

Property Overview

Parcel ID0602823210010

Lot Size5,127 sq ft (0.118 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerM R MEISEL-YOUNGMAN ETAL

Assessed Value$269,500

Land Value$126,000

Building Value$143,500

Annual Tax$3,996

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

1 permit on record since 2023 · Most recent: Jul 2023 (res)

ResJul 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Longfellow · Minneapolis

Median reported rent1,217/mo

Renter-occupied9.9%

Median home value$292K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1089

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~2,644 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 2,644 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
3120 37TH AVE S MINNEAPOLIS MN 55406	KINGFISHER ENTERPRISES LLC	RESIDENTIAL-TWO UNIT	$361,200	40 ft
3128 37TH AVE S MINNEAPOLIS MN 55406	P M NICKELS & D K NICKELS	RESIDENTIAL	$264,000	40 ft
3116 37TH AVE S MINNEAPOLIS MN 55406	JACOB R DALTON	RESIDENTIAL	$407,800	80 ft
3132 37TH AVE S MINNEAPOLIS MN 55406	HABIBO MUSSE HUSSEIN	RESIDENTIAL	$744,100	80 ft
3112 37TH AVE S MINNEAPOLIS MN 55406	RACHEL PETERSON	RESIDENTIAL	$339,100	120 ft
3136 37TH AVE S MINNEAPOLIS MN 55406	TRACY LYNN HILL	RESIDENTIAL	$676,700	120 ft
3125 36TH AVE S MINNEAPOLIS MN 55406	A G BEESON & R BEESON	RESIDENTIAL	$395,800	142 ft
3129 36TH AVE S MINNEAPOLIS MN 55406	TERESA LEIGH OPHEIM	RESIDENTIAL	$330,900	147 ft
3121 36TH AVE S MINNEAPOLIS MN 55406	B C JOHNSON/ R E WOLLERSHEIM	RESIDENTIAL	$359,100	147 ft
3108 37TH AVE S MINNEAPOLIS MN 55406	DAVID THOMAS DOSSE	RESIDENTIAL	$269,800	160 ft

Property History

Most Recent Sale

Date198903

Price$58,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,996