3315 39TH ST E MINNEAPOLIS MN 55406

PID: 0702823220078

Property Overview

Parcel ID0702823220078

Lot Size5,636 sq ft (0.129 ac)

Lot Dimensions (est.)118 ft wide × 48 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerTAMALA L NYGAARD

Assessed Value$253,500

Land Value$102,000

Building Value$151,500

Annual Tax$3,592

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

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 width90 ft

Buildable depth16 ft

Area~1,639 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 1,639 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3911 SNELLING AVE MINNEAPOLIS MN 55406	ANDREA ROSE CHENEY	VACANT LAND-RESIDENTIAL	$105,000	58 ft
3909 SNELLING AVE MINNEAPOLIS MN 55406	BERG PETERSON CONSTR CO	RESIDENTIAL	$197,400	73 ft
3915 SNELLING AVE MINNEAPOLIS MN 55406	ANDREA ROSE CHENEY	RESIDENTIAL	$282,000	116 ft
3312 39TH ST E MINNEAPOLIS MN 55406	THERESA E DRESP	RESIDENTIAL	$129,500	137 ft
3308 39TH ST E MINNEAPOLIS MN 55406	MARK D GREENLUND	RESIDENTIAL	$155,000	140 ft
MN	Unknown	—	—	147 ft
MN	Unknown	—	—	147 ft
MN	Unknown	—	—	147 ft
MN	Unknown	—	—	147 ft
MN	Unknown	—	—	147 ft

Property History

Most Recent Sale

Date200802

Price$210,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,592