4714 38TH AVE S MINNEAPOLIS MN 55406

PID: 1802823210008

Property Overview

Parcel ID1802823210008

Lot Size4,877 sq ft (0.112 ac)

Lot Dimensions (est.)127 ft wide × 39 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerM A HOFLER & G A BELL

Assessed Value$331,000

Land Value$201,000

Building Value$130,000

Annual Tax$4,870

Environmental Constraints

FloodplainYes — Zone AE

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

3 permits on record since 2021 · $8K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$8K

LEGACY RESTORATION LLC

ResOct 2023Closed

FFM LLC

ResJul 2021Closed

Hero Home Services LLC

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

Neighborhood Profile

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth82 ft

Area~2,456 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 2,456 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4710 38TH AVE S MINNEAPOLIS MN 55406	V G & E E BACH JR	RESIDENTIAL	$407,200	37 ft
4718 38TH AVE S MINNEAPOLIS MN 55406	D T CARLSON & P B CARLSON	RESIDENTIAL	$266,000	42 ft
4706 38TH AVE S MINNEAPOLIS MN 55406	J J SEELEY-KREISMAN	RESIDENTIAL	$407,000	72 ft
4722 38TH AVE S MINNEAPOLIS MN 55406	JANE BRADLEY	RESIDENTIAL	$404,000	84 ft
4719 37TH AVE S MINNEAPOLIS MN 55406	JESSICA W MILLER	RESIDENTIAL	$491,400	102 ft
4702 38TH AVE S MINNEAPOLIS MN 55406	MICHAEL P QUINN/CHANNRA YIM	RESIDENTIAL	$296,000	111 ft
4726 38TH AVE S MINNEAPOLIS MN 55406	JANICE D KERSTEN RESTATED TR	RESIDENTIAL	$565,600	124 ft
4725 37TH AVE S MINNEAPOLIS MN 55406	PHILIP HOFSTAD	RESIDENTIAL	$292,000	125 ft
3701 47TH ST E MINNEAPOLIS MN 55406	JACOB HUTCHINS	RESIDENTIAL	$794,500	154 ft
4729 37TH AVE S MINNEAPOLIS MN 55406	ALEXANDER RUSH	RESIDENTIAL	$300,000	155 ft

Property History

Most Recent Sale

Date199107

Price$62,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,870