3115 38TH ST E MINNEAPOLIS MN 55406

PID: 0702823220004

Property Overview

Parcel ID0702823220004

Lot Size50,123 sq ft (1.151 ac)

Lot Dimensions (est.)298 ft wide × 168 ft deep

Year Built1955

Property ClassCOMMERCIAL-PREFERRED

OwnerSARAHSAM L L C

Assessed Value$1,790,000

Land Value$827,600

Building Value$962,400

Annual Tax$67,878

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

4 permits on record since 2005 · $310K total declared value · Most recent: Oct 2019 (roofwind)

RoofwindOct 2019Closed

$169K

KAUFMAN SHEET METAL ROOFING INC

Commercial Multi-FamilyFeb 2019Closed

$4K

MODERN HEATING AND AIR CONDITIONING INC

RemodelJan 2019Closed

$52K

GREINER CONSTRUCTION

Building Re-inspectionApr 2005

$85K

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

CM4Destination Mixed Use

Property History

Most Recent Sale

Date200504

Price$900,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$67,878

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2929 36TH ST E MINNEAPOLIS MN 55406	SOO LINE RR	RAILROAD	$1,600	151 ft
3117 38TH ST E MINNEAPOLIS MN 55406	DANIEL RILEY/FELICITY RILEY	RESIDENTIAL	$222,700	160 ft
3121 38TH ST E MINNEAPOLIS MN 55406	JOSE J NAPOLES RODRIGUEZ	RESIDENTIAL	$180,800	194 ft
3804 SNELLING AVE MINNEAPOLIS MN 55406	ROBERT MAGNUS HOKSTAD	RESIDENTIAL	$205,000	212 ft
3808 SNELLING AVE MINNEAPOLIS MN 55406	GEMS REAL ESTATE LLC	RESIDENTIAL	$195,600	221 ft
3812 SNELLING AVE MINNEAPOLIS MN 55406	D J HOLMES & C M S HOLMES	RESIDENTIAL	$274,000	237 ft
3800 SNELLING AVE MINNEAPOLIS MN 55406	DEBORAH K CHATMAN	RESIDENTIAL	$257,700	245 ft
3116 38TH ST E MINNEAPOLIS MN 55406	COUNTY OF HENNEPIN	LAND-COMMERCIAL	$0	256 ft
3816 SNELLING AVE MINNEAPOLIS MN 55406	DANIEL & JILL MACK	RESIDENTIAL	$315,000	258 ft
3801 HIAWATHA AVE MINNEAPOLIS MN 55406	3801 HIAWATHA LLC	APARTMENT	$14,731,100	278 ft