3240 38TH AVE S MINNEAPOLIS MN 55406

PID: 0602823240049

Property Overview

Parcel ID0602823240049

Lot Size5,072 sq ft (0.116 ac)

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

Year Built1914

Property ClassRESIDENTIAL

OwnerSCOTT HOOSTAL & SARAH ROCK

Assessed Value$335,000

Land Value$125,000

Building Value$210,000

Annual Tax$5,389

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

7 permits on record since 2018 · $52K total declared value · Most recent: Dec 2023 (res)

ResDec 2023Expired

Hero Home Services LLC

MiscAug 2023Closed

$12K

THE WINDOW STORE INC

ExistresOct 2019Closed

Farr Plumbing and Heating LLC

ExistresDec 2018Closed

Centraire Heating & Air Conditioning LLC

ExistresAug 2018Closed

Farr Plumbing and Heating LLC

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

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

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~2,606 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 2,606 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
3238 38TH AVE S MINNEAPOLIS MN 55406	CAROLYN KOHLS CURTI	RESIDENTIAL	$286,700	39 ft
3244 38TH AVE S MINNEAPOLIS MN 55406	JON M COLLIANDER	RESIDENTIAL	$297,000	40 ft
3234 38TH AVE S MINNEAPOLIS MN 55406	MICHAEL J MILLER	RESIDENTIAL	$249,500	79 ft
3248 38TH AVE S MINNEAPOLIS MN 55406	AMY R GORDON & EDRIC LYSNE	RESIDENTIAL	$341,000	80 ft
3230 38TH AVE S MINNEAPOLIS MN 55406	C DISCHINGER & L DISCHINGER	RESIDENTIAL	$324,900	119 ft
3241 37TH AVE S MINNEAPOLIS MN 55406	WILLIAM CASEY MCGRATH	RESIDENTIAL	$230,000	142 ft
3245 37TH AVE S MINNEAPOLIS MN 55406	SHANE C ROESNER	RESIDENTIAL	$329,100	147 ft
3237 37TH AVE S MINNEAPOLIS MN 55406	R V SAUER & T M BLAINE	RESIDENTIAL	$333,500	147 ft
3228 38TH AVE S MINNEAPOLIS MN 55406	M BERGERON & N GAUDETTE	RESIDENTIAL	$353,200	159 ft
3233 37TH AVE S MINNEAPOLIS MN 55406	JULIE H OWEN REVOCABLE TRUST	RESIDENTIAL	$251,600	161 ft

Property History

Most Recent Sale

Date202012

Price$300,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,389