3700 38TH AVE S MINNEAPOLIS MN 55406

PID: 0602823340093

Property Overview

Parcel ID0602823340093

Lot Size6,602 sq ft (0.152 ac)

Lot Dimensions (est.)128 ft wide × 52 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerKRISTEN L HOWELL

Assessed Value$324,500

Land Value$141,000

Building Value$183,500

Annual Tax$4,781

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $20K total declared value · Most recent: May 2025 (existres)

ExistresMay 2025Closed

Standard Heating and Air Conditioning Inc

MiscApr 2024Closed

$13K

KNIGHT AND SONS INC

RemodelDec 2022Closed

$7K

AMERICAN WATERWORKS

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResDec 2018Closed

FIRESIDE HEARTH AND HOME

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

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 depth12 ft

Area~3,393 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 3,393 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
3704 38TH AVE S MINNEAPOLIS MN 55406	LESLEE A BAYERL	RESIDENTIAL	$237,900	52 ft
3708 38TH AVE S MINNEAPOLIS MN 55406	R POLZIN & R ERPELDING	RESIDENTIAL	$330,200	103 ft
3660 38TH AVE S MINNEAPOLIS MN 55406	D J STEIN & L M STUDER	RESIDENTIAL	$298,200	112 ft
3701 37TH AVE S MINNEAPOLIS MN 55406	METTI C SHANK	RESIDENTIAL	$355,200	139 ft
3705 37TH AVE S MINNEAPOLIS MN 55406	NOAH HERMAN	RESIDENTIAL	$222,800	145 ft
3656 38TH AVE S MINNEAPOLIS MN 55406	JEFFREY S LUND	RESIDENTIAL	$330,000	154 ft
3712 38TH AVE S MINNEAPOLIS MN 55406	KIM L SWINEHEART	RESIDENTIAL	$325,000	155 ft
3709 37TH AVE S MINNEAPOLIS MN 55406	D G BRAATEN & T M BRAATEN	RESIDENTIAL	$232,000	161 ft
3661 37TH AVE S MINNEAPOLIS MN 55406	J M PETROVITCH/R A PARDINI	RESIDENTIAL	$303,500	178 ft
3711 37TH AVE S MINNEAPOLIS MN 55406	TYLER COLLINS & IVAN FARR	RESIDENTIAL	$258,200	185 ft

Property History

Most Recent Sale

Date199801

Price$84,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,781