3154 38TH AVE S MINNEAPOLIS MN 55406

PID: 0602823210196

Property Overview

Parcel ID0602823210196

Lot Size7,622 sq ft (0.175 ac)

Lot Dimensions (est.)135 ft wide × 56 ft deep

Year Built1979

Property ClassRESIDENTIAL

OwnerSHERYL HERRICK

Assessed Value$357,300

Land Value$148,000

Building Value$209,300

Annual Tax$5,329

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2021 · $31K total declared value · Most recent: Sep 2021 (misc)

MiscSep 2021Closed

$31K

RENEWAL BY ANDERSEN 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width122 ft

Buildable depth16 ft

Area~4,128 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 4,128 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3148 38TH AVE S MINNEAPOLIS MN 55406	MARY PATRICIA MOONEY	RESIDENTIAL	$469,700	57 ft
3200 38TH AVE S MINNEAPOLIS MN 55406	BROOKE DISANTO	RESIDENTIAL-TWO UNIT	$369,300	114 ft
3142 38TH AVE S MINNEAPOLIS MN 55406	DOLORES H BLAZINA	RESIDENTIAL	$430,500	115 ft
3700 32ND ST E MINNEAPOLIS MN 55406	MARY BRADY/DEANN-SARAH BRADY	RESIDENTIAL	$366,000	135 ft
3155 38TH AVE S MINNEAPOLIS MN 55406	ANNIE B SHELLMAN	RESIDENTIAL	$173,000	146 ft
3149 37TH AVE S MINNEAPOLIS MN 55406	QUANG THE QUACH	RESIDENTIAL	$417,800	146 ft
3136 38TH AVE S MINNEAPOLIS MN 55406	C A ENGEN II & M A ENGEN	RESIDENTIAL	$433,600	173 ft
3206 38TH AVE S MINNEAPOLIS MN 55406	G C PRATT & P A PRATT TRS	RESIDENTIAL	$486,800	173 ft
3143 37TH AVE S MINNEAPOLIS MN 55406	R M HAINES & C BISHOP-WRIGHT	RESIDENTIAL	$391,400	177 ft
3149 38TH AVE S MINNEAPOLIS MN 55406	LAWRENCE M JOHNSON	RESIDENTIAL-TWO UNIT	$299,400	196 ft

Property History

Most Recent Sale

Date199808

Price$103,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,329