2542 37TH AVE S MINNEAPOLIS MN 55406

PID: 3102923240111

Property Overview

Parcel ID3102923240111

Lot Size6,341 sq ft (0.146 ac)

Lot Dimensions (est.)157 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerL S & R M SCHLATTER

Assessed Value$448,600

Land Value$196,000

Building Value$252,600

Annual Tax$6,858

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

11 permits on record since 2013 · $90K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

CenterPoint Energy Resource Corp

MiscFeb 2025Closed

$5K

KAUFMAN SHEET METAL ROOFING INC

MiscAug 2022Closed

$11K

RENEWAL BY ANDERSEN CORP

AdditionAug 2021Closed

$2K

Hage Construction Co

MiscMay 2021Closed

$12K

SELA ROOFING AND REMODELING 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 width147 ft

Buildable depth0 ft

Area~3,555 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 3,555 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2538 37TH AVE S MINNEAPOLIS MN 55406	PAUL WICHSER & NICOLE WEILER	RESIDENTIAL	$452,000	40 ft
2548 37TH AVE S MINNEAPOLIS MN 55406	CORINNE HEIM WICHSER	RESIDENTIAL	$534,600	48 ft
2534 37TH AVE S MINNEAPOLIS MN 55406	T M STRICK & C L RINN	RESIDENTIAL	$427,200	81 ft
2530 37TH AVE S MINNEAPOLIS MN 55406	B E WEISMAN & T D WEGNER	RESIDENTIAL	$439,300	122 ft
3620 26TH ST E MINNEAPOLIS MN 55406	NEW LIVING WAY CHRIST CTR	COMMERCIAL-PREFERRED	$0	126 ft
2526 37TH AVE S MINNEAPOLIS MN 55406	EMMETT RAMSTAD TRUST	RESIDENTIAL	$430,700	166 ft
2541 35TH AVE S MINNEAPOLIS MN 55406	ELI WOODRUFF ANTHONY	RESIDENTIAL	$227,200	195 ft
2545 35TH AVE S MINNEAPOLIS MN 55406	DONNA LOUISE MILLER	RESIDENTIAL-TWO UNIT	$450,300	198 ft
2537 35TH AVE S MINNEAPOLIS MN 55406	J N RUHA & M P ESTIBILL	RESIDENTIAL	$347,900	206 ft
2520 37TH AVE S MINNEAPOLIS MN 55406	ANNABELLE H DAILY	RESIDENTIAL	$403,000	211 ft

Property History

Most Recent Sale

Date199207

Price$88,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,858