2500 37TH AVE S MINNEAPOLIS MN 55406

PID: 3102923240154

Property Overview

Parcel ID3102923240154

Lot Size4,977 sq ft (0.114 ac)

Lot Dimensions (est.)157 ft wide × 32 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerTANNER J & KATIE L NISSLY

Assessed Value$514,800

Land Value$185,000

Building Value$329,800

Annual Tax$8,017

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2021 · $6K total declared value · Most recent: Nov 2021 (remodel)

RemodelNov 2021Closed

$6K

ALL ENERGY SOLAR 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width144 ft

Buildable depth0 ft

Area~2,554 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 2,554 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2504 37TH AVE S MINNEAPOLIS MN 55406	C A BATES & S M POLLOCK	RESIDENTIAL	$300,700	35 ft
2508 37TH AVE S MINNEAPOLIS MN 55406	GRACE STEINHAGEN	RESIDENTIAL	$355,000	67 ft
2509 36TH AVE S MINNEAPOLIS MN 55406	ANNE LINDEBERG	RESIDENTIAL	$355,400	77 ft
2512 37TH AVE S MINNEAPOLIS MN 55406	VAN STANFORD BOOKOUT JR	RESIDENTIAL	$332,200	104 ft
2515 36TH AVE S MINNEAPOLIS MN 55406	TAYLOR CRAVEY/KARSTEN CRAVEY	RESIDENTIAL	$260,200	114 ft
2516 37TH AVE S MINNEAPOLIS MN 55406	JONI M THOME	RESIDENTIAL	$459,400	144 ft
3518 25TH ST E MINNEAPOLIS MN 55406	JOANNE HEDRICK	RESIDENTIAL	$379,300	148 ft
3520 25TH ST E MINNEAPOLIS MN 55406	K R CARLSEN/D GREENLUND/ETAL	RESIDENTIAL	$329,200	149 ft
2517 36TH AVE S MINNEAPOLIS MN 55406	KATHRINE NOWRANG	RESIDENTIAL	$226,900	151 ft
3514 25TH ST E MINNEAPOLIS MN 55406	W W LAKE & P A LAKE	RESIDENTIAL	$306,800	157 ft

Property History

Current Tax Year

Year2026

Tax Due$8,017