709 38TH ST W MINNEAPOLIS MN 55409

PID: 0902824110149

Property Overview

Parcel ID0902824110149

Lot Size12,012 sq ft (0.276 ac)

Lot Dimensions (est.)125 ft wide × 96 ft deep

Year Built1913

Property ClassAPARTMENT

OwnerTAD & LISA MARINAC

Assessed Value$629,900

Land Value$296,900

Building Value$333,000

Annual Tax$11,963

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

East Harriet · Minneapolis

Median reported rent1,253/mo

Renter-occupied32.9%

Median home value$403K

Vacancy rate4.7%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1099

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width110 ft

Buildable depth56 ft

Area~6,168 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 3-story wood frame (5–12 units) benchmarks for 6,168 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3802 LYNDALE AVE S MINNEAPOLIS MN 55409	TAD & LISA MARINAC	APARTMENT	$629,900	0 ft
MN	Unknown	—	—	0 ft
3808 LYNDALE AVE S MINNEAPOLIS MN 55409	HEATHER L SHEEHAN	RESIDENTIAL-TWO UNIT	$543,500	69 ft
3812 LYNDALE AVE S MINNEAPOLIS MN 55409	DWIGHT M CARLSON	RESIDENTIAL-TWO UNIT	$525,400	111 ft
3801 ALDRICH AVE S MINNEAPOLIS MN 55409	ALLISON L O'TOOLE	RESIDENTIAL	$510,200	127 ft
3805 ALDRICH AVE S MINNEAPOLIS MN 55409	WAYNE R SAUER/AMANDA L SAUER	RESIDENTIAL	$405,600	128 ft
3752 LYNDALE AVE S MINNEAPOLIS MN 55409	DAVID J MILLER	RESIDENTIAL-TWO UNIT	$337,600	135 ft
3809 ALDRICH AVE S MINNEAPOLIS MN 55409	JEFFREY P WAGNER	RESIDENTIAL	$420,000	143 ft
3816 LYNDALE AVE S MINNEAPOLIS MN 55409	A M BROOKER/I M RYSDAHL ETAL	RESIDENTIAL-TWO UNIT	$532,100	153 ft
3815 ALDRICH AVE S MINNEAPOLIS MN 55409	LESLEE CAROL PLUMMER	RESIDENTIAL	$432,200	167 ft

Property History

Most Recent Sale

Date202104

Price$1,470,000

TypeSALE INCLUDES MORE THAN ONE PARCEL

Current Tax Year

Year2026

Tax Due$11,963