2535 37TH AVE S MINNEAPOLIS MN 55406

PID: 3102923240105

Property Overview

Parcel ID3102923240105

Lot Size10,981 sq ft (0.252 ac)

Lot Dimensions (est.)157 ft wide × 70 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerJEAN M HAMMER TRUST AGREEMNT

Assessed Value$529,600

Land Value$280,000

Building Value$249,600

Annual Tax$8,302

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2019 · $40K total declared value · Most recent: Jan 2026 (existres)

ExistresJan 2026Closed

360 Heating and Air Conditioning LLC

RemodelDec 2025Closed

$5K

MAXWELL CARPENTRY

ResDec 2025Closed

Barr Web Industries Inc

ResDec 2025Closed

CenterPoint Energy Resource Corp

MiscSep 2023Closed

$4K

Minnesota Restoration Contractors INC

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 width60 ft

Buildable depth117 ft

Area~7,010 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 7,010 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2539 37TH AVE S MINNEAPOLIS MN 55406	M H C HORSTMAN/E J LANGERAK	RESIDENTIAL	$445,300	55 ft
2529 37TH AVE S MINNEAPOLIS MN 55406	CONSTANCE JUERGENS LANE	RESIDENTIAL	$406,000	60 ft
2543 37TH AVE S MINNEAPOLIS MN 55406	KONRAD W JOHNSON	RESIDENTIAL	$342,000	94 ft
2525 37TH AVE S MINNEAPOLIS MN 55406	R L CRAIG & M A WOLFF	RESIDENTIAL	$488,900	111 ft
2547 37TH AVE S MINNEAPOLIS MN 55406	NANCIANN Z KRUSE LIV TRUST	RESIDENTIAL	$520,600	142 ft
2519 37TH AVE S MINNEAPOLIS MN 55406	K M BERGLAND & K DRARVIK	RESIDENTIAL	$515,200	164 ft
2530 38TH AVE S MINNEAPOLIS MN 55406	MARK S SULANDER	RESIDENTIAL	$448,800	174 ft
2536 38TH AVE S MINNEAPOLIS MN 55406	P MUESSIG & L F MUESSIG	RESIDENTIAL	$493,300	175 ft
2522 38TH AVE S MINNEAPOLIS MN 55406	E & L TRYGSTAD	RESIDENTIAL	$263,200	183 ft
2528 38TH AVE S MINNEAPOLIS MN 55406	MARK S SULANDER	RESIDENTIAL	$453,800	185 ft

Property History

Most Recent Sale

Date198705

Price$78,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,302