38 LUVERNE AVE MINNEAPOLIS MN 55419

PID: 1502824420020

Property Overview

Parcel ID1502824420020

Lot Size7,771 sq ft (0.178 ac)

Lot Dimensions (est.)80 ft wide × 97 ft deep

Year Built1930

Property ClassRESIDENTIAL

OwnerM RITTENHOUSE/M RITTENHOUSE

Assessed Value$919,100

Land Value$249,000

Building Value$670,100

Annual Tax$15,639

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

6 permits on record since 2013 · $256K total declared value · Most recent: Apr 2025 (res)

ResApr 2025Closed

Versant Plumbing Co

ExistresApr 2025Closed

4Front Energy Solutions Inc

RemodelMar 2025Closed

$112K

TREHUS BUILDERS INC

MiscAug 2023Closed

$20K

Red Line Contracting

ExistresApr 2022Closed

TOTAL COMFORT

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

Neighborhood Profile

Tangletown · Minneapolis

Median reported rent1,486/mo

Renter-occupied21.5%

Median home value$519K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1115

Market Snapshot

Zip code 55419

Median sale price$494K-4.7% YoY

Median price / sqft$270/sqft

Median days to close29 days

Active listings30

Source: Redfin Data Center (Invalid Date) · Zip 55419

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 width36 ft

Buildable depth129 ft

Area~4,412 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 4,412 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
42 LUVERNE AVE MINNEAPOLIS MN 55419	N V MACHADO & F H MACHADO	RESIDENTIAL	$460,900	58 ft
34 LUVERNE AVE MINNEAPOLIS MN 55419	B A ELLIOTT & A L ELLIOTT	RESIDENTIAL	$774,600	77 ft
32 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	JOAN F WELTER	RESIDENTIAL	$609,600	98 ft
46 LUVERNE AVE MINNEAPOLIS MN 55419	LUIS GOMEZ HUERTA	RESIDENTIAL	$450,300	106 ft
28 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	S & J L NORLIN-WEAVER	RESIDENTIAL	$798,500	117 ft
28 LUVERNE AVE MINNEAPOLIS MN 55419	N V MACHADO & F H MACHADO	VACANT LAND-RESIDENTIAL	$1,100	134 ft
32 LUVERNE AVE MINNEAPOLIS MN 55419	CHAD J CLOW & KARLA R CLOW	RESIDENTIAL	$489,300	140 ft
50 LUVERNE AVE MINNEAPOLIS MN 55419	A PETERSON & M PETERSON	RESIDENTIAL	$742,700	151 ft
24 E MINNEHAHA PKWY MINNEAPOLIS MN 55419	G A G FIORINI & L D GRUNDMAN	RESIDENTIAL	$802,000	160 ft
35 LUVERNE AVE MINNEAPOLIS MN 55419	BRENDAN T HUBBARD	RESIDENTIAL	$339,800	161 ft

Property History

Most Recent Sale

Date201905

Price$810,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$15,639