4054 38TH AVE S MINNEAPOLIS MN 55406

PID: 0702823240127

Property Overview

Parcel ID0702823240127

Lot Size5,716 sq ft (0.131 ac)

Lot Dimensions (est.)127 ft wide × 45 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerC L O'BRIEN & T C O'BRIEN

Assessed Value$335,300

Land Value$133,000

Building Value$202,300

Annual Tax$4,960

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2023 · $8K total declared value · Most recent: Sep 2024 (existres)

ExistresSep 2024Closed

Standard Heating and Air Conditioning Inc

ResJul 2023Closed

CenterPoint Energy Resource Corp

ResJun 2023Expired

Norblom Plumbing Co

ExistresJun 2023Closed

Standard Heating and Air Conditioning Inc

MiscJun 2023Closed

$8K

SNAP CONSTRUCTION INC

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

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 width114 ft

Buildable depth5 ft

Area~2,784 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 2,784 sqft buildable area.

Est. units

Yield on cost

2.5%

Spread

-3.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4052 38TH AVE S MINNEAPOLIS MN 55406	HOPE SMITH	RESIDENTIAL	$673,000	43 ft
4048 38TH AVE S MINNEAPOLIS MN 55406	BECCA JORDAN	RESIDENTIAL	$307,400	83 ft
4100 38TH AVE S MINNEAPOLIS MN 55406	LINDSEY ROGERS/JAMES ROGERS	RESIDENTIAL	$368,200	103 ft
4044 38TH AVE S MINNEAPOLIS MN 55406	D & D DOWDY	RESIDENTIAL	$321,500	123 ft
4055 37TH AVE S MINNEAPOLIS MN 55406	Z A HARRIS & S M HARRIS	RESIDENTIAL	$499,000	140 ft
4104 38TH AVE S MINNEAPOLIS MN 55406	C J DAVIS & T VAN OOT DAVIS	RESIDENTIAL	$391,200	143 ft
4051 37TH AVE S MINNEAPOLIS MN 55406	G NORENE & L J DOSCH	RESIDENTIAL-TWO UNIT	$453,100	146 ft
4047 37TH AVE S MINNEAPOLIS MN 55406	TENLEY A MITCHELL	RESIDENTIAL	$330,900	162 ft
4040 38TH AVE S MINNEAPOLIS MN 55406	DANIEL CRAIGIE/SARA SCHROTH	RESIDENTIAL	$442,300	163 ft
4108 38TH AVE S MINNEAPOLIS MN 55406	J C ORDOS & M ORDOS	RESIDENTIAL	$309,000	182 ft

Property History

Most Recent Sale

Date202304

Price$382,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,960