2535 38TH AVE S MINNEAPOLIS MN 55406

PID: 3102923130022

Property Overview

Parcel ID3102923130022

Lot Size7,342 sq ft (0.169 ac)

Lot Dimensions (est.)157 ft wide × 47 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerD H BARTON/H A O'NEILL RV TR

Assessed Value$616,100

Land Value$277,000

Building Value$339,100

Annual Tax$9,945

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

4 permits on record since 2018 · $12K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

CenterPoint Energy Resource Corp

MiscMar 2024Closed

$12K

FIRST CHOICE EXTERIORS INC

ResMar 2023Closed

SODERLIN PLUMBING HEATING AND AIR

ExistresFeb 2018Closed

Standard Heating and Air Conditioning Inc

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

Neighborhood Profile

Minneapolis

Median reported rent1,337/mo

Renter-occupied28.1%

Median home value$329K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1075

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

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 width58 ft

Buildable depth68 ft

Area~4,442 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 4,442 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
2539 38TH AVE S MINNEAPOLIS MN 55406	M B FARNSWORTH & C M PEPPEY	RESIDENTIAL	$485,800	50 ft
2524 SEABURY AVE MINNEAPOLIS MN 55406	M KOUSHA & N MOHSENI	RESIDENTIAL	$511,900	84 ft
2530 SEABURY AVE MINNEAPOLIS MN 55406	J C ASTLEFORD/J C ASTLEFORD	RESIDENTIAL	$519,000	90 ft
2518 SEABURY AVE MINNEAPOLIS MN 55406	M A KENNEY & P K GONG	RESIDENTIAL	$861,600	108 ft
2543 38TH AVE S MINNEAPOLIS MN 55406	P E ROSAVES & D L SHOLL	RESIDENTIAL	$560,100	116 ft
2536 SEABURY AVE MINNEAPOLIS MN 55406	J L VERNON & J E VERNON	RESIDENTIAL	$532,000	161 ft
2551 38TH AVE S MINNEAPOLIS MN 55406	T VAN DE WEGHE & M MACKENZIE	RESIDENTIAL	$721,000	190 ft
2540 SEABURY AVE MINNEAPOLIS MN 55406	R MARTIN & C MARTIN	RESIDENTIAL	$637,400	203 ft
2530 38TH AVE S MINNEAPOLIS MN 55406	MARK S SULANDER	RESIDENTIAL	$448,800	206 ft
2536 38TH AVE S MINNEAPOLIS MN 55406	P MUESSIG & L F MUESSIG	RESIDENTIAL	$493,300	206 ft

Property History

Current Tax Year

Year2026

Tax Due$9,945