4028 38TH AVE S MINNEAPOLIS MN 55406

PID: 0702823240122

Property Overview

Parcel ID0702823240122

Lot Size10,165 sq ft (0.233 ac)

Lot Dimensions (est.)127 ft wide × 80 ft deep

Year Built1904

Property ClassRESIDENTIAL

OwnerD J GRAY & L M GRAY

Assessed Value$459,300

Land Value$166,000

Building Value$293,300

Annual Tax$7,037

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · Most recent: Jul 2023 (res)

ResJul 2023Closed

CenterPoint Energy Resource Corp

ExistresSep 2017Closed

Krinkie Heating & Air Conditiong

ExistresMay 2017Closed

Johnson Plumbing and Heating Co

ResFeb 2017Closed

Johnson Plumbing and Heating Co

ExistresJan 2017Closed

Krinkie Heating & Air Conditiong

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Hiawatha · 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width70 ft

Buildable depth87 ft

Area~6,092 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 6,092 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
4024 38TH AVE S MINNEAPOLIS MN 55406	ZEBEDEE T & HELLEN Y HOWELL	RESIDENTIAL	$352,800	60 ft
4038 38TH AVE S MINNEAPOLIS MN 55406	R ROBERTS & S HAGEN	RESIDENTIAL	$288,200	60 ft
4020 38TH AVE S MINNEAPOLIS MN 55406	J S S ABRAHAMS & A M STANGER	RESIDENTIAL	$316,600	100 ft
4040 38TH AVE S MINNEAPOLIS MN 55406	DANIEL CRAIGIE/SARA SCHROTH	RESIDENTIAL	$442,300	100 ft
4014 38TH AVE S MINNEAPOLIS MN 55406	D P BUCHSBAUM & D FERNANDEZ	RESIDENTIAL	$329,400	140 ft
4044 38TH AVE S MINNEAPOLIS MN 55406	D & D DOWDY	RESIDENTIAL	$321,500	140 ft
4027 37TH AVE S MINNEAPOLIS MN 55406	THE TRUST OF R & B PEDERSON	RESIDENTIAL	$235,000	141 ft
4031 37TH AVE S MINNEAPOLIS MN 55406	THRESE L MCCARTEN	RESIDENTIAL	$264,700	142 ft
4023 37TH AVE S MINNEAPOLIS MN 55406	G K ATKINS & A M LOGAN	RESIDENTIAL	$300,600	152 ft
4037 37TH AVE S MINNEAPOLIS MN 55406	LAURA SALMON & ZANE MACPHEE	RESIDENTIAL	$338,500	153 ft

Property History

Most Recent Sale

Date199905

Price$137,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,037