4117 37TH AVE S MINNEAPOLIS MN 55406

PID: 0702823240177

Property Overview

Parcel ID0702823240177

Lot Size5,027 sq ft (0.115 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerDEBORAH J REIERSON

Assessed Value$356,700

Land Value$124,000

Building Value$232,700

Annual Tax$5,320

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $107K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$20K

NORTHRUP REMODELING

ResAug 2023Closed

CenterPoint Energy Resource Corp

ExistresApr 2020Closed

Standard Heating and Air Conditioning Inc

ResNov 2017Closed

Nybo Peterson Plumbing Co Inc

NewresOct 2017Closed

$3K

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

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

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 width30 ft

Buildable depth86 ft

Area~2,570 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 2,570 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4121 37TH AVE S MINNEAPOLIS MN 55406	DARRYL D KUHLMAN ETAL	RESIDENTIAL	$269,000	40 ft
4115 37TH AVE S MINNEAPOLIS MN 55406	A A G & R J SCHEPLER	RESIDENTIAL	$340,100	40 ft
4125 37TH AVE S MINNEAPOLIS MN 55406	GWENNE M DYKHOFF	RESIDENTIAL	$215,800	80 ft
4101 37TH AVE S MINNEAPOLIS MN 55406	MINNEHAHA LUTHERAN CURCH	COMMERCIAL-PREFERRED	$0	120 ft
4129 37TH AVE S MINNEAPOLIS MN 55406	KEVIN FRANCIS/PAUL FISHER	RESIDENTIAL-TWO UNIT	$378,100	120 ft
4116 38TH AVE S MINNEAPOLIS MN 55406	SANDRA M HORN	RESIDENTIAL	$293,200	140 ft
4120 38TH AVE S MINNEAPOLIS MN 55406	CHRISTIANA R HEXUM	RESIDENTIAL	$297,900	145 ft
4112 38TH AVE S MINNEAPOLIS MN 55406	C RICKARD & K COURCHENE	RESIDENTIAL	$347,700	146 ft
4124 38TH AVE S MINNEAPOLIS MN 55406	SHANNA C HANSEN	RESIDENTIAL	$216,400	161 ft
4108 38TH AVE S MINNEAPOLIS MN 55406	J C ORDOS & M ORDOS	RESIDENTIAL	$309,000	162 ft

Property History

Current Tax Year

Year2026

Tax Due$5,320