3521 38TH AVE S MINNEAPOLIS MN 55406

PID: 0602823420122

Property Overview

Parcel ID0602823420122

Lot Size5,089 sq ft (0.117 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerIAN MILLER & ANDREA MILLER

Assessed Value$325,700

Land Value$142,000

Building Value$183,700

Annual Tax$4,801

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $13K total declared value · Most recent: Oct 2024 (remodel)

RemodelOct 2024Closed

$2.19

ALL ENERGY SOLAR INC

MiscJul 2024Closed

$13K

Close To Home Construction LLC

ExistresApr 2024Closed

Standard Heating and Air Conditioning Inc

ResJan 2023Expired

MN Plumbing & Home Services INC

ResSep 2022Closed

MN Plumbing & Home Services 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~2,619 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 2,619 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
3525 38TH AVE S MINNEAPOLIS MN 55406	STUART B HAMBY	RESIDENTIAL	$352,700	39 ft
3519 38TH AVE S MINNEAPOLIS MN 55406	SUSAN E SCHUETT	RESIDENTIAL	$341,100	40 ft
3515 38TH AVE S MINNEAPOLIS MN 55406	M R JIRSCHELE/N L MORISON TR	RESIDENTIAL	$336,500	80 ft
3529 38TH AVE S MINNEAPOLIS MN 55406	B R OLSON & A E MALCOM	RESIDENTIAL	$377,000	82 ft
3511 38TH AVE S MINNEAPOLIS MN 55406	J N WIGHTMAN/G P VANDERWAAL	RESIDENTIAL	$328,800	119 ft
3531 38TH AVE S MINNEAPOLIS MN 55406	T G SHERMAN & N L SHERMAN	RESIDENTIAL	$374,500	124 ft
3520 39TH AVE S MINNEAPOLIS MN 55406	DAAQAA INTERNATIONAL LLC	RESIDENTIAL	$337,500	142 ft
3524 39TH AVE S MINNEAPOLIS MN 55406	BRADLEY E UTECHT	RESIDENTIAL	$366,000	147 ft
3516 39TH AVE S MINNEAPOLIS MN 55406	BETH C WIGGINS	RESIDENTIAL	$343,600	148 ft
3507 38TH AVE S MINNEAPOLIS MN 55406	BOB RAYMOND GUSTAFSON	RESIDENTIAL	$200,400	159 ft

Property History

Most Recent Sale

Date202307

Price$375,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,801