3816 37TH AVE S MINNEAPOLIS MN 55406

PID: 0702823210050

Property Overview

Parcel ID0702823210050

Lot Size5,069 sq ft (0.116 ac)

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

Year Built1917

Property ClassRESIDENTIAL

OwnerR E & A M BROWN

Assessed Value$196,200

Land Value$125,000

Building Value$71,200

Annual Tax$2,632

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $44K total declared value · Most recent: Jul 2023 (res)

ResJul 2023Closed

CenterPoint Energy Resource Corp

RemodelFeb 2023Closed

$5K

Innovative Basement Authority

RemodelMay 2022Closed

$4K

Innovative Basement Authority

RemodelMar 2020Closed

$1K

Innovative Basement Systems

ResDec 2019Closed

Urban Pine Plumbing and Mechanical 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 width30 ft

Buildable depth87 ft

Area~2,601 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 2,601 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
3812 37TH AVE S MINNEAPOLIS MN 55406	D J WILSON & L R CRAIG	RESIDENTIAL	$193,300	40 ft
3820 37TH AVE S MINNEAPOLIS MN 55406	VIRGINIA EILEEN TROVIK	RESIDENTIAL	$256,200	40 ft
3808 37TH AVE S MINNEAPOLIS MN 55406	DAVID JOHN WILSON	RESIDENTIAL	$265,800	80 ft
3824 37TH AVE S MINNEAPOLIS MN 55406	L RUBENSTEIN & P GUSTAFSON	RESIDENTIAL	$299,800	80 ft
3804 37TH AVE S MINNEAPOLIS MN 55406	MARGARET H MCCREARY	RESIDENTIAL	$333,500	120 ft
3828 37TH AVE S MINNEAPOLIS MN 55406	THMAS M STRIETER TRUST	RESIDENTIAL	$309,800	120 ft
3817 36TH AVE S MINNEAPOLIS MN 55406	E COWAN & J ASANO	RESIDENTIAL	$224,600	140 ft
3821 36TH AVE S MINNEAPOLIS MN 55406	JENNIFER LINNETT	RESIDENTIAL	$315,800	146 ft
3813 36TH AVE S MINNEAPOLIS MN 55406	PAUL M KLONCZ	RESIDENTIAL	$172,100	146 ft
3800 37TH AVE S MINNEAPOLIS MN 55406	E H SANCHEZ & P S VELASQUEZ	RESIDENTIAL	$512,000	160 ft

Property History

Most Recent Sale

Date199507

Price$53,700

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,632