3024 36TH AVE S MINNEAPOLIS MN 55406

PID: 0602823210140

Property Overview

Parcel ID0602823210140

Lot Size5,117 sq ft (0.117 ac)

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

Year Built1928

Property ClassAPARTMENT

OwnerCOADY SULLIVAN ENTRPRS INC

Assessed Value$399,000

Land Value$76,800

Building Value$322,200

Annual Tax$7,578

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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 rent1,217/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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,637 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 2,637 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3026 36TH AVE S MINNEAPOLIS MN 55406	JANE STRAUSS	RESIDENTIAL	$323,200	40 ft
3014 36TH AVE S MINNEAPOLIS MN 55406	MICHAEL BREDEMEIER	RESIDENTIAL	$280,800	40 ft
3030 36TH AVE S MINNEAPOLIS MN 55406	ALISON RITA KRESS	RESIDENTIAL	$349,200	80 ft
3012 36TH AVE S MINNEAPOLIS MN 55406	DRAGON SLAYER LLC	LAND-COMMERCIAL	$92,300	80 ft
3036 36TH AVE S MINNEAPOLIS MN 55406	BRANDYN CHRISTINE CHURCHILL	RESIDENTIAL	$278,500	120 ft
3010 36TH AVE S MINNEAPOLIS MN 55406	KRISHNA K DORNEY	LAND-COMMERCIAL	$91,400	120 ft
3023 35TH AVE S MINNEAPOLIS MN 55406	JOSEPH C CORCORAN ET AL	RESIDENTIAL	$351,700	141 ft
3019 35TH AVE S MINNEAPOLIS MN 55406	KATRINA SIBELL	RESIDENTIAL	$258,200	147 ft
3027 35TH AVE S MINNEAPOLIS MN 55406	W H FINK JR & A R ZIEGLER	RESIDENTIAL	$316,700	147 ft
3038 36TH AVE S MINNEAPOLIS MN 55406	W J FROMM & G M KOLB	RESIDENTIAL	$311,500	161 ft

Property History

Most Recent Sale

Date199902

Price$105,000

Type—

Current Tax Year

Year2026

Tax Due$7,578