3801 38TH AVE S MINNEAPOLIS MN 55406

PID: 0702823120116

Property Overview

Parcel ID0702823120116

Lot Size5,024 sq ft (0.115 ac)

Lot Dimensions (est.)128 ft wide × 39 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerCOLIN R OSTREM

Assessed Value$313,200

Land Value$133,000

Building Value$180,200

Annual Tax$5,636

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $15K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$15K

KAUFMAN SHEET METAL ROOFING INC

ResJul 2023Closed

CenterPoint Energy Resource Corp

ResApr 2021Closed

Warners Stellian Co Inc

ExistresMar 2017Closed

Metro Heating & Cooling LLC

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

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

Estimated · verify frontage

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 width113 ft

Buildable depth0 ft

Area~92 sqft

Lot dimensions are insufficient for the standard setbacks shown.

Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 92 sqft buildable area.

Est. units

Yield on cost

6.5%

Spread

+1.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3805 38TH AVE S MINNEAPOLIS MN 55406	P A STAR & P E SCHULTZ	RESIDENTIAL	$264,000	39 ft
3809 38TH AVE S MINNEAPOLIS MN 55406	SARAH ANN SMELTZER	RESIDENTIAL	$290,200	80 ft
3737 38TH AVE S MINNEAPOLIS MN 55406	IGLESIA EVANGELICA E.F. 220	COMMERCIAL-PREFERRED	$0	111 ft
3813 38TH AVE S MINNEAPOLIS MN 55406	MICHAEL THOMAS STEWART	RESIDENTIAL	$255,500	120 ft
3800 39TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	142 ft
3804 39TH AVE S MINNEAPOLIS MN 55406	DEMIAN MCKINZIE	RESIDENTIAL	$292,700	147 ft
3817 38TH AVE S MINNEAPOLIS MN 55406	ELIZABETH A AMBROSE	RESIDENTIAL	$315,700	159 ft
3808 39TH AVE S MINNEAPOLIS MN 55406	APOST FAITH MSSN OF PORTLAND	RESIDENTIAL	$0	162 ft
3733 38TH AVE S MINNEAPOLIS MN 55406	ALEX MENCKE	RESIDENTIAL	$298,000	163 ft
3736 39TH AVE S MINNEAPOLIS MN 55406	A TSATSOULIS & K THARP	RESIDENTIAL	$404,000	181 ft

Property History

Most Recent Sale

Date201401

Price$162,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,636