3857 37TH AVE S MINNEAPOLIS MN 55406

PID: 0702823210031

Property Overview

Parcel ID0702823210031

Lot Size5,068 sq ft (0.116 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerGREGORY C GIBBS

Assessed Value$290,000

Land Value$125,000

Building Value$165,000

Annual Tax$4,203

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2024 · $6K total declared value · Most recent: Dec 2024 (remodel)

RemodelDec 2024Closed

$6K

AMERICAN WATERWORKS

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

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 width113 ft

Buildable depth0 ft

Area~2,340 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 2,340 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3853 37TH AVE S MINNEAPOLIS MN 55406	SEAN MUTH & JORDANN HOFF	RESIDENTIAL	$238,300	40 ft
3849 37TH AVE S MINNEAPOLIS MN 55406	BRUCE J MCKUSICK	RESIDENTIAL	$294,300	80 ft
3901 37TH AVE S MINNEAPOLIS MN 55406	T MOORE & E SPONSIER MOORE	RESIDENTIAL	$282,700	97 ft
3845 37TH AVE S MINNEAPOLIS MN 55406	MARIA W VAN RIET	RESIDENTIAL	$312,000	120 ft
3905 37TH AVE S MINNEAPOLIS MN 55406	DANIEL HUTNYAK	RESIDENTIAL	$249,600	133 ft
3856 38TH AVE S MINNEAPOLIS MN 55406	WILLIAM THORNTON SHROYER	RESIDENTIAL	$315,000	140 ft
3852 38TH AVE S MINNEAPOLIS MN 55406	R N HANSEN & D J HANSEN	RESIDENTIAL	$313,800	146 ft
3841 37TH AVE S MINNEAPOLIS MN 55406	MARY P LIES	RESIDENTIAL	$241,100	160 ft
3848 38TH AVE S MINNEAPOLIS MN 55406	G J HANVIK & C MATHEWS	RESIDENTIAL	$322,300	162 ft
3900 38TH AVE S MINNEAPOLIS MN 55406	GEORGIA & NICHOLE OPSTAD	RESIDENTIAL	$231,000	169 ft

Property History

Most Recent Sale

Date200309

Price$184,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,203