2648 36TH AVE S MINNEAPOLIS MN 55406

PID: 3102923310071

Property Overview

Parcel ID3102923310071

Lot Size5,167 sq ft (0.119 ac)

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

Year Built1919

Property ClassRESIDENTIAL-TWO UNIT

OwnerDAVID WALBOLT/BROOKE WALBOLT

Assessed Value$466,500

Land Value$175,000

Building Value$291,500

Annual Tax$7,157

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2023 · $19K total declared value · Most recent: Sep 2024 (res)

ResSep 2024Closed

Young's Professional Plumbing & Fixtures LLC

RemodelSep 2024Closed

$17K

David P Walbolt

ExistresDec 2023Closed

Residential Heating and Air Conditioning Inc

ResDec 2023Closed

Erik Nelson Plumbing LLC

AdditionSep 2023Closed

$2K

Handyman Connection of Eden Prairie

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

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~2,675 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 2,675 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2654 36TH AVE S MINNEAPOLIS MN 55406	ERICA L HIGGINS & TRENT LUTZ	RESIDENTIAL-TWO UNIT	$364,100	40 ft
2644 36TH AVE S MINNEAPOLIS MN 55406	I J HASE & A K S LANGE	RESIDENTIAL	$413,400	40 ft
2640 36TH AVE S MINNEAPOLIS MN 55406	PHILLIP R MCCULLOUGH	RESIDENTIAL	$227,900	80 ft
2636 36TH AVE S MINNEAPOLIS MN 55406	SIANA B GOODWIN	RESIDENTIAL	$452,200	120 ft
2649 35TH AVE S MINNEAPOLIS MN 55406	ALYSSA E HAWKINS	RESIDENTIAL	$330,100	141 ft
2655 35TH AVE S MINNEAPOLIS MN 55406	ALAN REID LENIUS	RESIDENTIAL	$282,000	146 ft
2645 35TH AVE S MINNEAPOLIS MN 55406	JONATHAN WOUTAT REV TR ETAL	RESIDENTIAL	$333,600	147 ft
2632 36TH AVE S MINNEAPOLIS MN 55406	CHRISTINE J DOUGLAS	RESIDENTIAL	$218,000	160 ft
2641 35TH AVE S MINNEAPOLIS MN 55406	MARY L ANDERSON REVOCABLE TR	RESIDENTIAL	$339,900	162 ft
2637 35TH AVE S MINNEAPOLIS MN 55406	JON HUNTER & LESLEY KANDARAS	RESIDENTIAL	$367,400	185 ft

Property History

Most Recent Sale

Date202408

Price$380,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,157