2525 37TH AVE S MINNEAPOLIS MN 55406

PID: 3102923240087

Property Overview

Parcel ID3102923240087

Lot Size8,178 sq ft (0.188 ac)

Lot Dimensions (est.)157 ft wide × 52 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerR L CRAIG & M A WOLFF

Assessed Value$488,900

Land Value$272,000

Building Value$216,900

Annual Tax$7,533

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $63K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

CenterPoint Energy Resource Corp

ExistresDec 2024Closed

GV Heating and Air Inc

MiscMay 2021Closed

$19K

NORTHRUP REMODELING

ResApr 2021Closed

Master Plumbing Services LLC

MiscSep 2020Closed

$44K

RENEWAL BY ANDERSEN CORP

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

Neighborhood Profile

Seward · 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 width42 ft

Buildable depth117 ft

Area~4,923 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 4,923 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
2529 37TH AVE S MINNEAPOLIS MN 55406	CONSTANCE JUERGENS LANE	RESIDENTIAL	$406,000	51 ft
2519 37TH AVE S MINNEAPOLIS MN 55406	K M BERGLAND & K DRARVIK	RESIDENTIAL	$515,200	53 ft
2515 37TH AVE S MINNEAPOLIS MN 55406	C KAZANSKI & M LEOPOLD	RESIDENTIAL	$639,400	100 ft
2535 37TH AVE S MINNEAPOLIS MN 55406	JEAN M HAMMER TRUST AGREEMNT	RESIDENTIAL	$529,600	111 ft
2522 38TH AVE S MINNEAPOLIS MN 55406	E & L TRYGSTAD	RESIDENTIAL	$263,200	123 ft
3701 25TH ST E MINNEAPOLIS MN 55406	JULIA K SLAPP	RESIDENTIAL	$411,700	162 ft
3709 25TH ST E MINNEAPOLIS MN 55406	KATHLEEN J FENNEMA	RESIDENTIAL	$451,000	163 ft
2539 37TH AVE S MINNEAPOLIS MN 55406	M H C HORSTMAN/E J LANGERAK	RESIDENTIAL	$445,300	166 ft
2528 38TH AVE S MINNEAPOLIS MN 55406	MARK S SULANDER	RESIDENTIAL	$453,800	178 ft
2524 38TH AVE S MINNEAPOLIS MN 55406	KEVIN D MCCAFFREY	RESIDENTIAL-TWO UNIT	$371,200	188 ft

Property History

Most Recent Sale

Date199611

Price$139,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,533