3828 39TH AVE S MINNEAPOLIS MN 55406

PID: 0702823120235

Property Overview

Parcel ID0702823120235

Lot Size7,063 sq ft (0.162 ac)

Lot Dimensions (est.)128 ft wide × 55 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerKATHRYN J PETERS

Assessed Value$328,100

Land Value$162,000

Building Value$166,100

Annual Tax$4,840

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $6K total declared value · Most recent: Aug 2024 (existres)

ExistresAug 2024Closed

Pronto Heating & Air Conditioning Inc

MiscSep 2023Closed

$6K

Bison Builders Inc

ResJul 2023Closed

CenterPoint Energy Resource Corp

ResJun 2020Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ExistresNov 2017Closed

Pronto Heating & Air Conditioning Inc

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

Neighborhood Profile

Howe · Minneapolis

Median reported rent1,127/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 width45 ft

Buildable depth88 ft

Area~3,977 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 3,977 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
3832 39TH AVE S MINNEAPOLIS MN 55406	A AVERKAMP & A I KAPLAN	RESIDENTIAL	$398,500	50 ft
3820 39TH AVE S MINNEAPOLIS MN 55406	E R GREENBAUM & J P ROBERTS	RESIDENTIAL	$405,700	57 ft
3836 39TH AVE S MINNEAPOLIS MN 55406	JOHN TSCHOHL	RESIDENTIAL	$240,000	93 ft
3816 39TH AVE S MINNEAPOLIS MN 55406	J K DAHL & L M DAHL	RESIDENTIAL	$243,900	108 ft
3840 39TH AVE S MINNEAPOLIS MN 55406	SAMUEL T BELO	RESIDENTIAL	$429,900	133 ft
3829 38TH AVE S MINNEAPOLIS MN 55406	BRIAN A CERMAK	RESIDENTIAL	$273,900	143 ft
3825 38TH AVE S MINNEAPOLIS MN 55406	MARY LOU MAERTENS	RESIDENTIAL	$280,400	144 ft
3812 39TH AVE S MINNEAPOLIS MN 55406	DEBRA A BROOSTIN	RESIDENTIAL	$224,900	147 ft
3833 38TH AVE S MINNEAPOLIS MN 55406	JACK SWIFT & SUSAN HOOPS	RESIDENTIAL	$306,400	152 ft
3821 38TH AVE S MINNEAPOLIS MN 55406	A THIELEN & M TRNKA	RESIDENTIAL	$373,900	156 ft

Property History

Most Recent Sale

Date201608

Price$179,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,840