3450 39TH AVE S MINNEAPOLIS MN 55406

PID: 0602823420102

Property Overview

Parcel ID0602823420102

Lot Size5,145 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerT & K RONG

Assessed Value$328,400

Land Value$142,000

Building Value$186,400

Annual Tax$4,845

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $51K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$40K

GARLOCK FRENCH ROOFING

ExistresDec 2023Closed

Standard Heating and Air Conditioning Inc

MiscOct 2020Closed

$12K

Affordable Roofing Contractors LLC

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 depth0 ft

Area~2,393 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 2,393 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3446 39TH AVE S MINNEAPOLIS MN 55406	CHRISTINE D DREIS	RESIDENTIAL	$398,000	47 ft
3442 39TH AVE S MINNEAPOLIS MN 55406	BUENAFLOR JT REVOC LIVING TR	RESIDENTIAL	$399,900	94 ft
3500 39TH AVE S MINNEAPOLIS MN 55406	MARY E ECKER	RESIDENTIAL	$292,800	100 ft
3438 39TH AVE S MINNEAPOLIS MN 55406	L M HOLM & R A MANN	RESIDENTIAL	$364,100	134 ft
3504 39TH AVE S MINNEAPOLIS MN 55406	MARGARET SAPP	RESIDENTIAL	$281,400	140 ft
3451 38TH AVE S MINNEAPOLIS MN 55406	CARON E KLEMM	RESIDENTIAL	$288,100	142 ft
3447 38TH AVE S MINNEAPOLIS MN 55406	NOAH OPHOVEN-BALDWIN	RESIDENTIAL	$321,100	151 ft
3443 38TH AVE S MINNEAPOLIS MN 55406	MATTHEW JONES ET AL	RESIDENTIAL	$319,500	169 ft
3434 39TH AVE S MINNEAPOLIS MN 55406	R K CLEMENT & V MADEIROS	RESIDENTIAL	$396,300	174 ft
3501 38TH AVE S MINNEAPOLIS MN 55406	NATHAN A CASEY	RESIDENTIAL	$281,200	175 ft

Property History

Current Tax Year

Year2026

Tax Due$4,845