3601 39TH AVE S MINNEAPOLIS MN 55406

PID: 0602823430188

Property Overview

Parcel ID0602823430188

Lot Size5,100 sq ft (0.117 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerMAXWELL H TONG

Assessed Value$376,300

Land Value$142,000

Building Value$234,300

Annual Tax$5,647

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2022 · $14K total declared value · Most recent: Apr 2024 (res)

ResApr 2024Closed

Majestic Plumbing Inc

MiscAug 2022Closed

$14K

Mayday Restoration

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~2,362 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 2,362 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
3605 39TH AVE S MINNEAPOLIS MN 55406	E JOHNSON-HESTON ET AL	RESIDENTIAL	$396,400	41 ft
3609 39TH AVE S MINNEAPOLIS MN 55406	D J STOVER & A N STOVER	RESIDENTIAL	$652,000	83 ft
3555 39TH AVE S MINNEAPOLIS MN 55406	STEVEN J LOEDING	RESIDENTIAL	$422,200	105 ft
3613 39TH AVE S MINNEAPOLIS MN 55406	CYNTHIA L MORRONE	RESIDENTIAL	$690,300	125 ft
3600 40TH AVE S MINNEAPOLIS MN 55406	H & S IZEK	RESIDENTIAL	$243,300	142 ft
3551 39TH AVE S MINNEAPOLIS MN 55406	E HEPNER & J H HEPNER	RESIDENTIAL	$341,000	145 ft
3604 40TH AVE S MINNEAPOLIS MN 55406	J A SILER & D LANDEEN	RESIDENTIAL	$294,100	147 ft
3608 40TH AVE S MINNEAPOLIS MN 55406	ROBERT BRUCE DERRICK TRUST	RESIDENTIAL	$370,100	164 ft
3617 39TH AVE S MINNEAPOLIS MN 55406	DANIEL PARSONS	RESIDENTIAL	$221,500	167 ft
3552 40TH AVE S MINNEAPOLIS MN 55406	ALEXANDER ARTHUR FERNAN	RESIDENTIAL	$283,400	178 ft

Property History

Most Recent Sale

Date202404

Price$369,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,647