3201 39TH ST E MINNEAPOLIS MN 55406

PID: 0702823220052

Property Overview

Parcel ID0702823220052

Lot Size4,296 sq ft (0.099 ac)

Lot Dimensions (est.)89 ft wide × 48 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerF M MONTES & D O PALMA

Assessed Value$232,000

Land Value$89,000

Building Value$143,000

Annual Tax$3,434

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

2 permits on record since 2018 · $14K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$10K

Firebird Exteriors LLC

MiscNov 2018Closed

$5K

NILLES BUILDERS 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

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 width76 ft

Buildable depth8 ft

Area~1,727 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 1,727 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
3900 SNELLING AVE MINNEAPOLIS MN 55406	MARY JANSEN	RESIDENTIAL	$381,500	70 ft
3904 SNELLING AVE MINNEAPOLIS MN 55406	M MCGARRY & N JOHNSON	RESIDENTIAL	$261,600	91 ft
3908 SNELLING AVE MINNEAPOLIS MN 55406	ELIZABETH J BERG	RESIDENTIAL	$298,300	125 ft
3860 SNELLING AVE MINNEAPOLIS MN 55406	DAVID LEIN & ASHLI LANDA	RESIDENTIAL	$227,200	131 ft
3856 SNELLING AVE MINNEAPOLIS MN 55406	J KIDDOO & K KIDDOO	RESIDENTIAL	$272,900	154 ft
3912 SNELLING AVE MINNEAPOLIS MN 55406	ALBERT HESTER JR	RESIDENTIAL	$255,600	162 ft
3852 SNELLING AVE MINNEAPOLIS MN 55406	KYLE JOHNATHAN WAITES	RESIDENTIAL	$261,400	191 ft
3916 SNELLING AVE MINNEAPOLIS MN 55406	MNSF T2 SPE LLC	RESIDENTIAL	$271,900	200 ft
3848 SNELLING AVE MINNEAPOLIS MN 55406	THELMA BROWN	RESIDENTIAL	$219,300	229 ft
3920 SNELLING AVE MINNEAPOLIS MN 55406	TRENTON BARTHOLF	RESIDENTIAL	$313,200	239 ft

Property History

Most Recent Sale

Date201810

Price$229,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,434