3501 39TH AVE S MINNEAPOLIS MN 55406

PID: 0602823420145

Property Overview

Parcel ID0602823420145

Lot Size7,722 sq ft (0.177 ac)

Lot Dimensions (est.)128 ft wide × 60 ft deep

Year Built1978

Property ClassRESIDENTIAL

OwnerDEANN GRATZ

Assessed Value$392,000

Land Value$169,000

Building Value$223,000

Annual Tax$5,910

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · $5K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$5K

DeAnn Gratz

ResMay 2021Closed

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 depth20 ft

Area~4,166 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 4,166 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3507 39TH AVE S MINNEAPOLIS MN 55406	LARRY JOHNSON & RITA JOHNSON	RESIDENTIAL	$370,500	59 ft
3511 39TH AVE S MINNEAPOLIS MN 55406	S BIJNAGTE/K CUTHBERTSON	RESIDENTIAL	$334,500	109 ft
3451 39TH AVE S MINNEAPOLIS MN 55406	L J CRUMLY/C CRUMLY/E CRUMLY	RESIDENTIAL	$327,000	129 ft
3500 40TH AVE S MINNEAPOLIS MN 55406	CROLLEY UNDERWOOD REV LIV TR	RESIDENTIAL	$344,600	143 ft
3504 40TH AVE S MINNEAPOLIS MN 55406	J M WEDLUND & R A WEDLUND	RESIDENTIAL	$340,700	145 ft
3515 39TH AVE S MINNEAPOLIS MN 55406	KAITRIN CHRISTINE VOHS	RESIDENTIAL	$288,900	148 ft
3508 40TH AVE S MINNEAPOLIS MN 55406	DANIEL P TIMLIN	RESIDENTIAL	$363,700	157 ft
3512 40TH AVE S MINNEAPOLIS MN 55406	S L NOWAK & D C PAULSON	RESIDENTIAL	$297,300	178 ft
3450 40TH AVE S MINNEAPOLIS MN 55406	J & B HENDERSON	RESIDENTIAL	$366,600	180 ft
3500 39TH AVE S MINNEAPOLIS MN 55406	MARY E ECKER	RESIDENTIAL	$292,800	188 ft

Property History

Most Recent Sale

Date201906

Price$289,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,910