2620 38TH AVE S MINNEAPOLIS MN 55406

PID: 3102923310025

Property Overview

Parcel ID3102923310025

Lot Size5,173 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerKATHRYN CLAIRE BERG

Assessed Value$400,200

Land Value$188,000

Building Value$212,200

Annual Tax$6,048

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2020 · $59K total declared value · Most recent: Jan 2026 (res)

ResJan 2026Inspection

CenterPoint Energy Resource Corp

MiscJun 2024Closed

$18K

AMERICAN EAGLE HOME IMPROVEMENT

MiscAug 2022Closed

$10K

AMERICAN RESIDENTIAL SERVICES INC

MiscAug 2022Closed

$14K

AMERICAN RESIDENTIAL SERVICES INC

ExistresAug 2020Closed

MESPO HEATING AND COOLING 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 width30 ft

Buildable depth89 ft

Area~2,679 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 2,679 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2624 38TH AVE S MINNEAPOLIS MN 55406	C A PERSIGEHL & J J FLAK	RESIDENTIAL	$445,000	40 ft
2616 38TH AVE S MINNEAPOLIS MN 55406	E P NELSON & C N MONSON	RESIDENTIAL	$328,900	40 ft
2628 38TH AVE S MINNEAPOLIS MN 55406	PRAYOON PRABHARASUTH ET AL	RESIDENTIAL	$372,100	80 ft
2612 38TH AVE S MINNEAPOLIS MN 55406	SHENANDOAH BAUER	RESIDENTIAL	$376,000	80 ft
2632 38TH AVE S MINNEAPOLIS MN 55406	NEW DIRECTION IRA/HOSETH	RESIDENTIAL	$318,100	120 ft
2621 37TH AVE S MINNEAPOLIS MN 55406	QUINCE BRINKLEY	RESIDENTIAL	$311,900	141 ft
2617 37TH AVE S MINNEAPOLIS MN 55406	ERIK PAUL MONSON NELSON ETAL	RESIDENTIAL	$319,500	147 ft
2625 37TH AVE S MINNEAPOLIS MN 55406	MEGAN REICH & GRANT TILLERY	RESIDENTIAL	$326,400	147 ft
2636 38TH AVE S MINNEAPOLIS MN 55406	JEFFREY F BIXBY	RESIDENTIAL	$350,300	160 ft
2613 37TH AVE S MINNEAPOLIS MN 55406	C PARADA & A FROILAND-PARADA	RESIDENTIAL	$436,900	162 ft

Property History

Most Recent Sale

Date202010

Price$339,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,048