2904 38TH AVE S MINNEAPOLIS MN 55406

PID: 3102923340086

Property Overview

Parcel ID3102923340086

Lot Size5,121 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerR R WILSON & J A WILSON

Assessed Value$202,000

Land Value$123,000

Building Value$79,000

Annual Tax$2,303

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Longfellow · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,640 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 2,640 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
2908 38TH AVE S MINNEAPOLIS MN 55406	JAMES W MCGINN	RESIDENTIAL	$270,000	40 ft
2900 38TH AVE S MINNEAPOLIS MN 55406	CITY OF LAKES COMM LAND TRST	—	$333,900	45 ft
2912 38TH AVE S MINNEAPOLIS MN 55406	T J SEGERSIN & B A SEGERSIN	RESIDENTIAL	$301,600	80 ft
2916 38TH AVE S MINNEAPOLIS MN 55406	R KNUTSON/A KNUTSON ET AL	TRIPLEX	$381,600	120 ft
2905 37TH AVE S MINNEAPOLIS MN 55406	V E MCGHEE & F J MLAKAR	RESIDENTIAL	$255,800	142 ft
2909 37TH AVE S MINNEAPOLIS MN 55406	CHARLOTTE A CALSEN	RESIDENTIAL	$297,500	147 ft
3711 29TH ST E MINNEAPOLIS MN 55406	M A DEKKER & T A DEKKER	RESIDENTIAL	$241,100	149 ft
2920 38TH AVE S MINNEAPOLIS MN 55406	HANNAH MAERTZ	RESIDENTIAL	$257,400	160 ft
2913 37TH AVE S MINNEAPOLIS MN 55406	BRIAN M STEFFEK LIVING TRUST	RESIDENTIAL	$232,300	162 ft
2852 38TH AVE S MINNEAPOLIS MN 55406	TAGSTROM PROPERTIES LLC	APARTMENT	$399,000	176 ft

Property History

Current Tax Year

Year2026

Tax Due$2,303