3250 37TH AVE S MINNEAPOLIS MN 55406

PID: 0602823240078

Property Overview

Parcel ID0602823240078

Lot Size4,833 sq ft (0.111 ac)

Lot Dimensions (est.)128 ft wide × 38 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerM A BESKE & J P BESKE

Assessed Value$285,300

Land Value$122,000

Building Value$163,300

Annual Tax$4,123

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $18K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$18K

KAUFMAN SHEET METAL ROOFING INC

ResJul 2023Closed

CenterPoint Energy Resource 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 width115 ft

Buildable depth0 ft

Area~2,179 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,179 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3246 37TH AVE S MINNEAPOLIS MN 55406	M J WHEELER & L M WHEELER	RESIDENTIAL	$358,100	39 ft
3242 37TH AVE S MINNEAPOLIS MN 55406	A J LIBRA & P A BOSWORTH	RESIDENTIAL	$270,000	79 ft
3300 37TH AVE S MINNEAPOLIS MN 55406	RUTH A LEWIS	RESIDENTIAL	$217,000	104 ft
3238 37TH AVE S MINNEAPOLIS MN 55406	STEER-MCVAY-STEER JT REV TR	RESIDENTIAL	$369,800	119 ft
3255 36TH AVE S MINNEAPOLIS MN 55406	K R WILCZEK & K L MANDLER	RESIDENTIAL	$303,400	142 ft
3304 37TH AVE S MINNEAPOLIS MN 55406	LAURA D COOPER	RESIDENTIAL	$252,300	143 ft
3251 36TH AVE S MINNEAPOLIS MN 55406	M P HUYNH & C T BIRKHOLM	RESIDENTIAL	$601,600	146 ft
3243 36TH AVE S MINNEAPOLIS MN 55406	BRADLEY JON LARSON	RESIDENTIAL	$333,700	161 ft
3234 37TH AVE S MINNEAPOLIS MN 55406	DAVID OWEN & KATHRYN PRATT	RESIDENTIAL	$408,000	169 ft
3301 36TH AVE S MINNEAPOLIS MN 55406	JENNIFER L HARDING	RESIDENTIAL	$281,600	176 ft

Property History

Current Tax Year

Year2026

Tax Due$4,123