2612 38TH AVE S MINNEAPOLIS MN 55406

PID: 3102923310027

Property Overview

Parcel ID3102923310027

Lot Size5,173 sq ft (0.119 ac)

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

Year Built1950

Property ClassRESIDENTIAL

OwnerSHENANDOAH BAUER

Assessed Value$376,000

Land Value$188,000

Building Value$188,000

Annual Tax$5,731

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $12K total declared value · Most recent: Jul 2025 (existres)

ExistresJul 2025Closed

Professional Mechanical Services LLC

RemodelAug 2023Closed

$3K

EGRESS WINDOW GUY

MiscAug 2023Closed

$8K

Gopher Roofing and Restoration Inc

ResOct 2020Closed

Urban Pine Plumbing and Mechanical 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
2616 38TH AVE S MINNEAPOLIS MN 55406	E P NELSON & C N MONSON	RESIDENTIAL	$328,900	40 ft
2620 38TH AVE S MINNEAPOLIS MN 55406	KATHRYN CLAIRE BERG	RESIDENTIAL	$400,200	80 ft
3717 26TH ST E MINNEAPOLIS MN 55406	SCOT O & ANNELIESE FRIDLUND	RESIDENTIAL	$495,000	101 ft
3721 26TH ST E MINNEAPOLIS MN 55406	GLENN P HIRSCH TRUST ET AL	RESIDENTIAL	$601,200	102 ft
3715 26TH ST E MINNEAPOLIS MN 55406	MARTHA H ROGERS/JOSE D PACAS	RESIDENTIAL	$464,100	118 ft
2624 38TH AVE S MINNEAPOLIS MN 55406	C A PERSIGEHL & J J FLAK	RESIDENTIAL	$445,000	120 ft
2613 37TH AVE S MINNEAPOLIS MN 55406	C PARADA & A FROILAND-PARADA	RESIDENTIAL	$436,900	141 ft
3709 26TH ST E MINNEAPOLIS MN 55406	SUSAN PAPKE & REID PAPKE	RESIDENTIAL	$286,500	144 ft
2617 37TH AVE S MINNEAPOLIS MN 55406	ERIK PAUL MONSON NELSON ETAL	RESIDENTIAL	$319,500	147 ft
2628 38TH AVE S MINNEAPOLIS MN 55406	PRAYOON PRABHARASUTH ET AL	RESIDENTIAL	$372,100	160 ft

Property History

Most Recent Sale

Date200809

Price$220,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,731