3801 37TH AVE S MINNEAPOLIS MN 55406

PID: 0702823210045

Property Overview

Parcel ID0702823210045

Lot Size4,989 sq ft (0.115 ac)

Lot Dimensions (est.)127 ft wide × 39 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerBRUCE E NYGREN

Assessed Value$179,700

Land Value$116,000

Building Value$63,700

Annual Tax$2,355

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2023 · Most recent: Jul 2023 (res)

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

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

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 width112 ft

Buildable depth0 ft

Area~2,114 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 small multifamily (2–4 units, wood frame) benchmarks for 2,114 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3805 37TH AVE S MINNEAPOLIS MN 55406	R S LUNA & R M FLORES	RESIDENTIAL	$240,300	40 ft
3809 37TH AVE S MINNEAPOLIS MN 55406	SHAWN ADRIENNE NEWSTRUM	RESIDENTIAL	$263,600	80 ft
3700 38TH ST E MINNEAPOLIS MN 55406	RONALD L HEICHERT	COMMERCIAL-PREFERRED	$335,000	112 ft
3813 37TH AVE S MINNEAPOLIS MN 55406	ANGELA J POWERS	RESIDENTIAL	$298,100	120 ft
3800 38TH AVE S MINNEAPOLIS MN 55406	B CHRISTOPHER MATELICH	RESIDENTIAL	$389,700	141 ft
3804 38TH AVE S MINNEAPOLIS MN 55406	C HIGGINS-PRINCE SBJ/LE ETAL	RESIDENTIAL	$320,400	145 ft
3817 37TH AVE S MINNEAPOLIS MN 55406	HOANGOANH T PHAN	RESIDENTIAL	$269,800	160 ft
3808 38TH AVE S MINNEAPOLIS MN 55406	CAROL VAN NOSTRAND TRUSTEE	RESIDENTIAL	$284,100	161 ft
3733 37TH AVE S MINNEAPOLIS MN 55406	RICHARD D EHRNREITER	RESIDENTIAL	$264,900	163 ft
3738 38TH AVE S MINNEAPOLIS MN 55406	GLENN TRUSSELL	RESIDENTIAL	$323,700	180 ft

Property History

Most Recent Sale

Date199905

Price$40,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$2,355