3808 38TH AVE S MINNEAPOLIS MN 55406

PID: 0702823210018

Property Overview

Parcel ID0702823210018

Lot Size5,071 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerCAROL VAN NOSTRAND TRUSTEE

Assessed Value$284,100

Land Value$125,000

Building Value$159,100

Annual Tax$4,103

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

5 permits on record since 2017 · $50K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Expired

$36K

RENEWAL BY ANDERSEN CORP

ResJul 2023Closed

CenterPoint Energy Resource Corp

ResFeb 2022Closed

CENTERPOINT ENERGY

ExistresAug 2021Closed

The Snelling Co Inc

MiscSep 2017Closed

$14K

SUPERIOR CONSTRUCTION SERVICES 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth87 ft

Area~2,603 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 2,603 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3804 38TH AVE S MINNEAPOLIS MN 55406	C HIGGINS-PRINCE SBJ/LE ETAL	RESIDENTIAL	$320,400	40 ft
3812 38TH AVE S MINNEAPOLIS MN 55406	M VANAUSDALL & J LINDQUIST	RESIDENTIAL	$278,900	40 ft
3800 38TH AVE S MINNEAPOLIS MN 55406	B CHRISTOPHER MATELICH	RESIDENTIAL	$389,700	80 ft
3816 38TH AVE S MINNEAPOLIS MN 55406	DAVID SPEIDEL	RESIDENTIAL	$279,900	80 ft
3820 38TH AVE S MINNEAPOLIS MN 55406	CAROLYN S HEMPFER	RESIDENTIAL	$212,400	120 ft
3809 37TH AVE S MINNEAPOLIS MN 55406	SHAWN ADRIENNE NEWSTRUM	RESIDENTIAL	$263,600	141 ft
3805 37TH AVE S MINNEAPOLIS MN 55406	R S LUNA & R M FLORES	RESIDENTIAL	$240,300	146 ft
3813 37TH AVE S MINNEAPOLIS MN 55406	ANGELA J POWERS	RESIDENTIAL	$298,100	147 ft
3824 38TH AVE S MINNEAPOLIS MN 55406	K I SALMELA & R B SALMELA	RESIDENTIAL	$351,400	160 ft
3801 37TH AVE S MINNEAPOLIS MN 55406	BRUCE E NYGREN	RESIDENTIAL	$179,700	161 ft

Property History

Current Tax Year

Year2026

Tax Due$4,103