3224 38TH AVE S MINNEAPOLIS MN 55406

PID: 0602823240044

Property Overview

Parcel ID0602823240044

Lot Size5,075 sq ft (0.117 ac)

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

Year Built1914

Property ClassRESIDENTIAL

OwnerNICOLE M DILLARD

Assessed Value$382,100

Land Value$125,000

Building Value$257,100

Annual Tax$6,183

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $11K total declared value · Most recent: Jul 2023 (res)

ResJul 2023Closed

CenterPoint Energy Resource Corp

ExistresDec 2021Closed

Standard Heating and Air Conditioning Inc

ResMar 2021Closed

JD Mechanical

ResNov 2020Closed

JD Mechanical

ExistresNov 2020Closed

Nicole M Dillard

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 depth87 ft

Area~2,608 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 2,608 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
3228 38TH AVE S MINNEAPOLIS MN 55406	M BERGERON & N GAUDETTE	RESIDENTIAL	$353,200	39 ft
3220 38TH AVE S MINNEAPOLIS MN 55406	J DOMINGUEZ & H F DOMINGUEZ	RESIDENTIAL	$219,000	40 ft
3230 38TH AVE S MINNEAPOLIS MN 55406	C DISCHINGER & L DISCHINGER	RESIDENTIAL	$324,900	79 ft
3218 38TH AVE S MINNEAPOLIS MN 55406	BRUCE E & CLAIRE M KARI TRST	RESIDENTIAL	$282,900	80 ft
3234 38TH AVE S MINNEAPOLIS MN 55406	MICHAEL J MILLER	RESIDENTIAL	$249,500	119 ft
3216 38TH AVE S MINNEAPOLIS MN 55406	DANIELLA MARIE FILARDO	RESIDENTIAL	$257,400	119 ft
3223 37TH AVE S MINNEAPOLIS MN 55406	D J MICKO & J BROWN-MICKO	RESIDENTIAL	$439,400	142 ft
3221 37TH AVE S MINNEAPOLIS MN 55406	DEBORAH J YOUNG	RESIDENTIAL	$314,000	147 ft
3229 37TH AVE S MINNEAPOLIS MN 55406	R CAMPBELL & C ROWE	RESIDENTIAL	$443,000	148 ft
3212 38TH AVE S MINNEAPOLIS MN 55406	TERESA L GLASGOW	RESIDENTIAL-TWO UNIT	$354,000	159 ft

Property History

Most Recent Sale

Date202007

Price$339,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,183