3500 39TH AVE S MINNEAPOLIS MN 55406

PID: 0602823420144

Property Overview

Parcel ID0602823420144

Lot Size5,148 sq ft (0.118 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerMARY E ECKER

Assessed Value$292,800

Land Value$142,000

Building Value$150,800

Annual Tax$4,249

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · Most recent: Dec 2024 (existres)

ExistresDec 2024Closed

Blue Ox Heating and Air LLC

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResNov 2018Closed

Warners Stellian Co 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

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~2,395 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 2,395 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
3504 39TH AVE S MINNEAPOLIS MN 55406	MARGARET SAPP	RESIDENTIAL	$281,400	40 ft
3508 39TH AVE S MINNEAPOLIS MN 55406	ICON PROPERTIES LLC	RESIDENTIAL	$202,900	79 ft
3450 39TH AVE S MINNEAPOLIS MN 55406	T & K RONG	RESIDENTIAL	$328,400	100 ft
3510 39TH AVE S MINNEAPOLIS MN 55406	ELIZABETH BEERMAN	RESIDENTIAL	$333,500	119 ft
3501 38TH AVE S MINNEAPOLIS MN 55406	NATHAN A CASEY	RESIDENTIAL	$281,200	142 ft
3446 39TH AVE S MINNEAPOLIS MN 55406	CHRISTINE D DREIS	RESIDENTIAL	$398,000	147 ft
3505 38TH AVE S MINNEAPOLIS MN 55406	MARY LEE KRAHN	RESIDENTIAL	$306,100	148 ft
3512 39TH AVE S MINNEAPOLIS MN 55406	I A CHAUDHRY & L A CHAUDHRY	RESIDENTIAL	$316,200	158 ft
3507 38TH AVE S MINNEAPOLIS MN 55406	BOB RAYMOND GUSTAFSON	RESIDENTIAL	$200,400	164 ft
3451 38TH AVE S MINNEAPOLIS MN 55406	CARON E KLEMM	RESIDENTIAL	$288,100	177 ft

Property History

Most Recent Sale

Date198610

Price$57,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,249