3532 38TH AVE S MINNEAPOLIS MN 55406

PID: 0602823310056

Property Overview

Parcel ID0602823310056

Lot Size5,090 sq ft (0.117 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerD C WILLIAMS/P J NEUENFELDT

Assessed Value$353,200

Land Value$126,000

Building Value$227,200

Annual Tax$5,260

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $37K total declared value · Most recent: Sep 2025 (addition)

AdditionSep 2025Closed

$10K

Minnehaha Falls Landscaping

ExistresJun 2025Closed

Standard Heating and Air Conditioning Inc

ResNov 2024Closed

Norblom Plumbing Co

MiscApr 2024Closed

$24K

KAUFMAN SHEET METAL ROOFING INC

ResApr 2023Closed

Norblom Plumbing Co

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~2,617 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 2,617 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3528 38TH AVE S MINNEAPOLIS MN 55406	E HIGGS MATZNER/D H-MATZNER	RESIDENTIAL	$335,300	40 ft
3536 38TH AVE S MINNEAPOLIS MN 55406	KATHLENE HARKINS	RESIDENTIAL	$286,400	40 ft
3524 38TH AVE S MINNEAPOLIS MN 55406	K YOUNKIN & D P YOUNKIN	RESIDENTIAL	$253,700	80 ft
3540 38TH AVE S MINNEAPOLIS MN 55406	ERIC FRAHM/MEGHAN GROSSMAN	RESIDENTIAL	$281,200	80 ft
3520 38TH AVE S MINNEAPOLIS MN 55406	JENNIFER ANNE HANSON	RESIDENTIAL	$472,100	120 ft
3546 38TH AVE S MINNEAPOLIS MN 55406	CHARLES ANDERSON-WEIR ET AL	RESIDENTIAL	$304,100	120 ft
3533 37TH AVE S MINNEAPOLIS MN 55406	HEATHER L HOECKER/TYLER OTIS	RESIDENTIAL	$248,700	141 ft
3529 37TH AVE S MINNEAPOLIS MN 55406	DAVID A JOHNSON	RESIDENTIAL	$367,500	146 ft
3537 37TH AVE S MINNEAPOLIS MN 55406	S E ERICKSON & R D PFUND JR	RESIDENTIAL-TWO UNIT	$453,000	147 ft
3550 38TH AVE S MINNEAPOLIS MN 55406	MELISSA GREER	RESIDENTIAL	$248,500	160 ft

Property History

Most Recent Sale

Date200307

Price$185,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,260