3821 38TH AVE S MINNEAPOLIS MN 55406

PID: 0702823120111

Property Overview

Parcel ID0702823120111

Lot Size5,134 sq ft (0.118 ac)

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

Year Built1920

Property ClassRESIDENTIAL

OwnerA THIELEN & M TRNKA

Assessed Value$373,900

Land Value$141,000

Building Value$232,900

Annual Tax$5,607

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2023 · $24K total declared value · Most recent: Nov 2024 (res)

ResNov 2024Closed

Erickson Plumbing Heating Cooling Inc

ExistresNov 2024Closed

Erickson Plumbing Heating Cooling Inc

MiscNov 2023Closed

$22K

KAUFMAN SHEET METAL ROOFING INC

MiscAug 2023Closed

$2K

WINDOW CONCEPTS OF MINNESOTA INC

ResJul 2023Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Howe · Minneapolis

Median reported rent1,127/mo

Renter-occupied37.3%

Median home value$308K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1104

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 depth88 ft

Area~2,650 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 2,650 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
3825 38TH AVE S MINNEAPOLIS MN 55406	MARY LOU MAERTENS	RESIDENTIAL	$280,400	40 ft
3817 38TH AVE S MINNEAPOLIS MN 55406	ELIZABETH A AMBROSE	RESIDENTIAL	$315,700	40 ft
3829 38TH AVE S MINNEAPOLIS MN 55406	BRIAN A CERMAK	RESIDENTIAL	$273,900	80 ft
3813 38TH AVE S MINNEAPOLIS MN 55406	MICHAEL THOMAS STEWART	RESIDENTIAL	$255,500	80 ft
3833 38TH AVE S MINNEAPOLIS MN 55406	JACK SWIFT & SUSAN HOOPS	RESIDENTIAL	$306,400	120 ft
3809 38TH AVE S MINNEAPOLIS MN 55406	SARAH ANN SMELTZER	RESIDENTIAL	$290,200	120 ft
3820 39TH AVE S MINNEAPOLIS MN 55406	E R GREENBAUM & J P ROBERTS	RESIDENTIAL	$405,700	142 ft
3816 39TH AVE S MINNEAPOLIS MN 55406	J K DAHL & L M DAHL	RESIDENTIAL	$243,900	148 ft
3828 39TH AVE S MINNEAPOLIS MN 55406	KATHRYN J PETERS	RESIDENTIAL	$328,100	156 ft
3837 38TH AVE S MINNEAPOLIS MN 55406	J F CRIST & V L CRIST	RESIDENTIAL	$346,600	160 ft

Property History

Most Recent Sale

Date200910

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,607