2440 37TH AVE S MINNEAPOLIS MN 55406

PID: 3102923240149

Property Overview

Parcel ID3102923240149

Lot Size7,803 sq ft (0.179 ac)

Lot Dimensions (est.)157 ft wide × 50 ft deep

Year Built1934

Property ClassRESIDENTIAL

OwnerC POZZINI & M DRISCOLL

Assessed Value$464,900

Land Value$240,000

Building Value$224,900

Annual Tax$7,131

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2024 · $43K total declared value · Most recent: Jan 2026 (existres)

ExistresJan 2026Inspection

Genz-Ryan Plumbing and Heating Co

ResDec 2025Closed

WOODLAND STOVES & FIREPLACES

ExistresSep 2025Closed

Metro Heating & Cooling LLC

RemodelSep 2025Closed

$18K

MN Home Wizard LLC

ResSep 2025Closed

Southtown Plumbing 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 width40 ft

Buildable depth116 ft

Area~4,644 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 4,644 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
2444 37TH AVE S MINNEAPOLIS MN 55406	LAURA HEINRICH	RESIDENTIAL-TWO UNIT	$520,800	50 ft
2436 37TH AVE S MINNEAPOLIS MN 55406	JANE S KUENZEL	RESIDENTIAL	$611,000	55 ft
2432 SEABURY AVE MINNEAPOLIS MN 55406	D S DUMAS & A S DUMAS TRSTES	RESIDENTIAL	$447,200	115 ft
3520 25TH ST E MINNEAPOLIS MN 55406	K R CARLSEN/D GREENLUND/ETAL	RESIDENTIAL	$329,200	127 ft
3518 25TH ST E MINNEAPOLIS MN 55406	JOANNE HEDRICK	RESIDENTIAL	$379,300	128 ft
3524 25TH ST E MINNEAPOLIS MN 55406	D L KISE & S M BAGAASON	RESIDENTIAL	$364,400	138 ft
3514 25TH ST E MINNEAPOLIS MN 55406	W W LAKE & P A LAKE	RESIDENTIAL	$306,800	140 ft
2428 SEABURY AVE MINNEAPOLIS MN 55406	MARK NORTHRUP REV TRUST	RESIDENTIAL	$668,400	160 ft
3512 25TH ST E MINNEAPOLIS MN 55406	P M WERGER II & E D WERGER	RESIDENTIAL	$344,800	170 ft
2437 35TH AVE S MINNEAPOLIS MN 55406	GLEN L OLSEN/MARTHA L OLSEN	RESIDENTIAL	$422,800	173 ft

Property History

Most Recent Sale

Date202508

Price$590,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,131