3936 VAN NEST AVE MINNEAPOLIS MN 55409

PID: 1002824210110

Property Overview

Parcel ID1002824210110

Lot Size3,589 sq ft (0.082 ac)

Lot Dimensions (est.)90 ft wide × 40 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerZ SKELTON/A THOMAS/E SKELTON

Assessed Value$295,000

Land Value$129,000

Building Value$166,000

Annual Tax$4,286

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2018 · $20K total declared value · Most recent: Jun 2025 (res)

ResJun 2025Closed

SODERLIN PLUMBING HEATING AND AIR

ResMay 2025Closed

CenterPoint Energy Resource Corp

MiscApr 2025Closed

$17K

Grand Exteriors of Minnesota INC

MiscOct 2018Closed

$3K

SUSTAINABLE RESOURCES CENTER INC

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

Neighborhood Profile

King Field · 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

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 width30 ft

Buildable depth50 ft

Area~1,491 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 1,491 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3932 VAN NEST AVE MINNEAPOLIS MN 55409	BRIAN S MAHEDY	RESIDENTIAL	$176,100	40 ft
3940 VAN NEST AVE MINNEAPOLIS MN 55409	ANDREA RIEHL & SAMUEL RIEHL	RESIDENTIAL	$282,000	40 ft
3928 VAN NEST AVE MINNEAPOLIS MN 55409	REBECCA RASP TRUST	RESIDENTIAL	$329,700	80 ft
3944 VAN NEST AVE MINNEAPOLIS MN 55409	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$356,000	80 ft
3937 BLAISDELL AVE MINNEAPOLIS MN 55409	J K VALLEY & S K ROLF	RESIDENTIAL-TWO UNIT	$428,900	89 ft
3941 BLAISDELL AVE MINNEAPOLIS MN 55409	DAMON T BARNA	RESIDENTIAL	$240,100	98 ft
3933 BLAISDELL AVE MINNEAPOLIS MN 55409	M S TAUFERNER/M L BAILEY JR	RESIDENTIAL	$333,500	98 ft
3929 BLAISDELL AVE MINNEAPOLIS MN 55409	R L LAZO & R L PULJU	RESIDENTIAL	$309,100	119 ft
3924 VAN NEST AVE MINNEAPOLIS MN 55409	CONOR T MACAULAY	RESIDENTIAL	$354,000	120 ft
3948 VAN NEST AVE MINNEAPOLIS MN 55409	SANDRA ANN SHEFFIELD	RESIDENTIAL	$319,900	120 ft

Property History

Most Recent Sale

Date202505

Price$249,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,286