3550 37TH AVE S MINNEAPOLIS MN 55406

PID: 0602823310090

Property Overview

Parcel ID0602823310090

Lot Size5,088 sq ft (0.117 ac)

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

Year Built1907

Property ClassRESIDENTIAL

OwnerC R MCLELLAND REV TR ET AL

Assessed Value$368,900

Land Value$126,000

Building Value$242,900

Annual Tax$5,524

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $15K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$14K

KAUFMAN SHEET METAL ROOFING INC

ExistresAug 2023Closed

Standard Heating and Air Conditioning Inc

ResMay 2023Expired

Warners Stellian Co Inc

ExistresNov 2018Closed

CenterPoint Energy Resource Corp

NewresFeb 2017Closed

$1K

STERN HEATING AND COOLING 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~2,615 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 2,615 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
3544 37TH AVE S MINNEAPOLIS MN 55406	S T ALSLEBEN & E A PALMER	RESIDENTIAL	$332,200	40 ft
3552 37TH AVE S MINNEAPOLIS MN 55406	EDWARD HILARY JORDAN	RESIDENTIAL	$304,600	40 ft
3556 37TH AVE S MINNEAPOLIS MN 55406	MELANIE WENZEL	RESIDENTIAL	$285,700	77 ft
3540 37TH AVE S MINNEAPOLIS MN 55406	RACHAEL O'MEARA ET AL	VACANT LAND-RESIDENTIAL	$126,000	80 ft
3536 37TH AVE S MINNEAPOLIS MN 55406	VALERIE A JOHNSON TRUST	RESIDENTIAL	$390,100	120 ft
3549 36TH AVE S MINNEAPOLIS MN 55406	LINDA R WONG/ALICE LYNN IVEY	RESIDENTIAL	$332,500	141 ft
3545 36TH AVE S MINNEAPOLIS MN 55406	LYNDA F OLSON	RESIDENTIAL	$220,500	146 ft
3553 36TH AVE S MINNEAPOLIS MN 55406	T F PIEHLER & S E ROSE	RESIDENTIAL	$401,000	147 ft
3532 37TH AVE S MINNEAPOLIS MN 55406	C S MCBRIEN & E E MCBRIEN	RESIDENTIAL	$259,100	161 ft
3557 36TH AVE S MINNEAPOLIS MN 55406	M A MCDOWELL/M E MCDOWELL TR	RESIDENTIAL	$317,200	161 ft

Property History

Most Recent Sale

Date202006

Price$415,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,524