3308 39TH ST E MINNEAPOLIS MN 55406

PID: 0702823220022

Property Overview

Parcel ID0702823220022

Lot Size3,003 sq ft (0.069 ac)

Lot Dimensions (est.)75 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerMARK D GREENLUND

Assessed Value$155,000

Land Value$73,000

Building Value$82,000

Annual Tax$1,942

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

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

ResJan 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

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 width29 ft

Buildable depth37 ft

Area~1,089 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 sfr / adu benchmarks for 1,089 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3312 39TH ST E MINNEAPOLIS MN 55406	THERESA E DRESP	RESIDENTIAL	$129,500	32 ft
3865 SNELLING AVE MINNEAPOLIS MN 55406	WENDY SHELLEY	RESIDENTIAL	$288,900	59 ft
3859 SNELLING AVE MINNEAPOLIS MN 55406	LYDIA BOERBOOM	RESIDENTIAL	$295,900	71 ft
3855 SNELLING AVE MINNEAPOLIS MN 55406	M B SEVERSON/S A LUBANSKI IV	RESIDENTIAL	$311,700	109 ft
3848 MINNEHAHA AVE MINNEAPOLIS MN 55406	WILMER P MOSCOSO PINEDA	RESIDENTIAL	$245,300	136 ft
3852 MINNEHAHA AVE MINNEAPOLIS MN 55406	SHAWN P WESEMAN	RESIDENTIAL	$278,300	136 ft
3315 39TH ST E MINNEAPOLIS MN 55406	TAMALA L NYGAARD	RESIDENTIAL	$253,500	140 ft
3909 SNELLING AVE MINNEAPOLIS MN 55406	BERG PETERSON CONSTR CO	RESIDENTIAL	$197,400	145 ft
3844 MINNEHAHA AVE MINNEAPOLIS MN 55406	A VOIGT & N FEDDERSEN	RESIDENTIAL	$302,600	148 ft
3851 SNELLING AVE MINNEAPOLIS MN 55406	BCJ PROPERTIES LLC	RESIDENTIAL	$272,000	148 ft

Property History

Most Recent Sale

Date200001

Price$77,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,942