3508 38TH AVE S MINNEAPOLIS MN 55406

PID: 0602823310050

Property Overview

Parcel ID0602823310050

Lot Size5,092 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerERIC P LUNDGREN

Assessed Value$276,300

Land Value$126,000

Building Value$150,300

Annual Tax$3,973

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $8K total declared value · Most recent: Jan 2022 (existres)

ExistresJan 2022Closed

DNA HEATING AND COOLING

MiscOct 2021Closed

$8K

KAUFMAN SHEET METAL ROOFING INC

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResMar 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Neighborhood Profile

Howe · 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~2,618 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 2,618 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3504 38TH AVE S MINNEAPOLIS MN 55406	TIMOTHY Q MCINDOO	RESIDENTIAL	$257,600	40 ft
3512 38TH AVE S MINNEAPOLIS MN 55406	R G KARELS & J A RYAN-KARELS	RESIDENTIAL-TWO UNIT	$371,300	40 ft
3500 38TH AVE S MINNEAPOLIS MN 55406	ALYSSA N WETZEL/NED W MOORE	RESIDENTIAL	$370,800	80 ft
3516 38TH AVE S MINNEAPOLIS MN 55406	R & R SATHRE	RESIDENTIAL	$258,700	80 ft
3520 38TH AVE S MINNEAPOLIS MN 55406	JENNIFER ANNE HANSON	RESIDENTIAL	$472,100	120 ft
3511 37TH AVE S MINNEAPOLIS MN 55406	J P ALLINDER TR ET AL	RESIDENTIAL	$301,700	141 ft
3505 37TH AVE S MINNEAPOLIS MN 55406	J E CRANTS & V A ZAWISTOWSKI	RESIDENTIAL	$303,500	146 ft
3515 37TH AVE S MINNEAPOLIS MN 55406	CATHY KOSKI	RESIDENTIAL	$291,100	147 ft
3524 38TH AVE S MINNEAPOLIS MN 55406	K YOUNKIN & D P YOUNKIN	RESIDENTIAL	$253,700	160 ft
3501 37TH AVE S MINNEAPOLIS MN 55406	ARI KELLEY & KARA SPAFFORD	RESIDENTIAL	$323,000	161 ft

Property History

Most Recent Sale

Date202011

Price$240,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,973