2900 37TH AVE S MINNEAPOLIS MN 55406

PID: 3102923340058

Property Overview

Parcel ID3102923340058

Lot Size6,270 sq ft (0.144 ac)

Lot Dimensions (est.)128 ft wide × 49 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerD R WEST AND M R WEST

Assessed Value$301,100

Land Value$134,000

Building Value$167,100

Annual Tax$4,387

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

6 permits on record since 2017 · $34K total declared value · Most recent: Apr 2026 (misc)

MiscApr 2026Final Inspection

$16K

THOMPSON EXTERIORS LLC

AdditionMar 2024Closed

$3K

Hage Construction Co

ExistresMay 2022Closed

David West

RemodelApr 2022Closed

$15K

David West

ResApr 2022Closed

Trenk Mechanical LLC

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

Neighborhood Profile

Minneapolis

Median reported rent1,200/mo

Renter-occupied43.8%

Median home value$252K

Vacancy rate5.3%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1074

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 width115 ft

Buildable depth9 ft

Area~3,166 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 3,166 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2904 37TH AVE S MINNEAPOLIS MN 55406	NORA J KRAHN/KENNETH W KRAHN	RESIDENTIAL	$353,500	45 ft
2908 37TH AVE S MINNEAPOLIS MN 55406	MARC A AKERLIND	RESIDENTIAL	$335,000	84 ft
2912 37TH AVE S MINNEAPOLIS MN 55406	T LOOSEN & KELLY CASSERLY	RESIDENTIAL	$333,200	124 ft
2852 37TH AVE S MINNEAPOLIS MN 55406	COLLEEN A AHO	RESIDENTIAL	$428,600	130 ft
2903 36TH AVE S MINNEAPOLIS MN 55406	WILL H HAYES/JEFFERY F HAYES	RESIDENTIAL	$286,000	142 ft
2905 36TH AVE S MINNEAPOLIS MN 55406	JIUN JAY KAM & ANNA KAM	RESIDENTIAL	$254,400	148 ft
2909 36TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	164 ft
2916 37TH AVE S MINNEAPOLIS MN 55406	M J SCHOEPPNER ET AL	RESIDENTIAL	$295,700	165 ft
2848 37TH AVE S MINNEAPOLIS MN 55406	CITY OF LAKES COMM LAND TRST	—	$227,500	175 ft
3711 29TH ST E MINNEAPOLIS MN 55406	M A DEKKER & T A DEKKER	RESIDENTIAL	$241,100	187 ft

Property History

Most Recent Sale

Date199207

Price$80,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,387