4055 38TH AVE S MINNEAPOLIS MN 55406

PID: 0702823130104

Property Overview

Parcel ID0702823130104

Lot Size5,124 sq ft (0.118 ac)

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

Year Built1908

Property ClassRESIDENTIAL

OwnerCATHERINE MARY POWELL

Assessed Value$219,300

Land Value$141,000

Building Value$78,300

Annual Tax$3,789

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2019 · $20K total declared value · Most recent: Feb 2025 (misc)

MiscFeb 2025Closed

$5K

Mayday Restoration

MiscNov 2024Closed

$15K

Mayday Restoration

ExistresOct 2024Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResAug 2023Expired

Warners Stellian Co 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

Hiawatha · 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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~2,378 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 sfr / adu benchmarks for 2,378 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4051 38TH AVE S MINNEAPOLIS MN 55406	SHARON K CAMPBELL	RESIDENTIAL	$212,800	40 ft
4047 38TH AVE S MINNEAPOLIS MN 55406	SHAWN HUSTON	RESIDENTIAL	$280,100	80 ft
4101 38TH AVE S MINNEAPOLIS MN 55406	CONNOR HELSETH/EMILY HELSETH	RESIDENTIAL-TWO UNIT	$423,200	108 ft
4043 38TH AVE S MINNEAPOLIS MN 55406	SHARON L SANFORD	RESIDENTIAL	$251,000	120 ft
4054 39TH AVE S MINNEAPOLIS MN 55406	B W DOWNEY & S C DOWNEY	RESIDENTIAL	$243,000	142 ft
4050 39TH AVE S MINNEAPOLIS MN 55406	J S SELLMAN & C E CARR	RESIDENTIAL	$321,000	148 ft
3813 41ST ST E MINNEAPOLIS MN 55406	LINDA K MILLHOUSE	RESIDENTIAL	$288,900	153 ft
4039 38TH AVE S MINNEAPOLIS MN 55406	ROSEMARY JOSWIAK	RESIDENTIAL	$227,000	160 ft
4046 39TH AVE S MINNEAPOLIS MN 55406	E ACHRAZOGLOU & K ELLIS	RESIDENTIAL	$385,300	164 ft
4107 38TH AVE S MINNEAPOLIS MN 55406	LAURA STOLP & KEVIN DOMBROCK	RESIDENTIAL	$332,500	164 ft

Property History

Most Recent Sale

Date200407

Price$169,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,789