3234 37TH AVE S MINNEAPOLIS MN 55406

PID: 0602823240074

Property Overview

Parcel ID0602823240074

Lot Size7,683 sq ft (0.176 ac)

Lot Dimensions (est.)128 ft wide × 60 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerDAVID OWEN & KATHRYN PRATT

Assessed Value$408,000

Land Value$149,000

Building Value$259,000

Annual Tax$6,178

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $214K total declared value · Most recent: Dec 2024 (remodel)

RemodelDec 2024Closed

$5K

ALL ENERGY SOLAR INC

ExistresMay 2023Closed

Patton Heating And Air Conditioning Inc

ExistresApr 2023Closed

Farr Plumbing and Heating LLC

ResApr 2023Closed

Farr Plumbing and Heating LLC

AdditionMar 2023Closed

$175K

ADAPTABLE BUILDERS

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 width50 ft

Buildable depth88 ft

Area~4,399 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 4,399 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3238 37TH AVE S MINNEAPOLIS MN 55406	STEER-MCVAY-STEER JT REV TR	RESIDENTIAL	$369,800	50 ft
3228 37TH AVE S MINNEAPOLIS MN 55406	SHAWN UGLUM	RESIDENTIAL	$281,000	60 ft
3242 37TH AVE S MINNEAPOLIS MN 55406	A J LIBRA & P A BOSWORTH	RESIDENTIAL	$270,000	90 ft
3224 37TH AVE S MINNEAPOLIS MN 55406	DEE A MORELAND	RESIDENTIAL	$273,400	110 ft
3246 37TH AVE S MINNEAPOLIS MN 55406	M J WHEELER & L M WHEELER	RESIDENTIAL	$358,100	130 ft
3237 36TH AVE S MINNEAPOLIS MN 55406	KATHRYN A PAUL	RESIDENTIAL	$259,800	142 ft
3231 36TH AVE S MINNEAPOLIS MN 55406	C D MILLER & C A MILLER	RESIDENTIAL	$355,800	144 ft
3220 37TH AVE S MINNEAPOLIS MN 55406	CATHERINE LYNN LINDSEY	RESIDENTIAL	$303,000	150 ft
3239 36TH AVE S MINNEAPOLIS MN 55406	LINDEL JAMES SHEPPARD	RESIDENTIAL	$310,400	151 ft
3229 36TH AVE S MINNEAPOLIS MN 55406	CITY/LAKES COMMUNITY LAND TR	—	$245,200	157 ft

Property History

Most Recent Sale

Date201305

Price$240,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,178