3736 39TH AVE S MINNEAPOLIS MN 55406

PID: 0602823430041

Property Overview

Parcel ID0602823430041

Lot Size6,655 sq ft (0.153 ac)

Lot Dimensions (est.)129 ft wide × 52 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerA TSATSOULIS & K THARP

Assessed Value$404,000

Land Value$150,000

Building Value$254,000

Annual Tax$6,111

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $24K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Closed

$6K

BUILDERS AND REMODELERS INC

MiscNov 2022Closed

$7K

SCHERER BROTHERS LUMBER CO

ExistresSep 2022Closed

ST PAUL PLUMBING AND HEATING CO INC

ResJul 2022Closed

ST PAUL PLUMBING AND HEATING CO INC

MiscJul 2022Closed

$11K

KAUFMAN SHEET METAL ROOFING 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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width114 ft

Buildable depth12 ft

Area~3,256 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 3-story wood frame (5–12 units) benchmarks for 3,256 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
3732 39TH AVE S MINNEAPOLIS MN 55406	M KANE & L MCELFRESH	RESIDENTIAL	$362,700	51 ft
3728 39TH AVE S MINNEAPOLIS MN 55406	C J SHAW & A M SHAW	RESIDENTIAL	$399,500	103 ft
3800 39TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	111 ft
3737 38TH AVE S MINNEAPOLIS MN 55406	IGLESIA EVANGELICA E.F. 220	COMMERCIAL-PREFERRED	$0	141 ft
3733 38TH AVE S MINNEAPOLIS MN 55406	ALEX MENCKE	RESIDENTIAL	$298,000	149 ft
3804 39TH AVE S MINNEAPOLIS MN 55406	DEMIAN MCKINZIE	RESIDENTIAL	$292,700	151 ft
3724 39TH AVE S MINNEAPOLIS MN 55406	ROY SPURBECK	RESIDENTIAL	$409,400	154 ft
3729 38TH AVE S MINNEAPOLIS MN 55406	ANDREW HART ET AL	RESIDENTIAL	$385,500	173 ft
3801 38TH AVE S MINNEAPOLIS MN 55406	COLIN R OSTREM	RESIDENTIAL	$313,200	181 ft
3737 39TH AVE S MINNEAPOLIS MN 55406	K & D SWANSON	RESIDENTIAL	$379,400	189 ft

Property History

Most Recent Sale

Date202205

Price$390,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,111