2928 38TH AVE S MINNEAPOLIS MN 55406

PID: 3102923340092

Property Overview

Parcel ID3102923340092

Lot Size5,122 sq ft (0.118 ac)

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

Year Built1915

Property ClassRESIDENTIAL

OwnerJ S HARVEY & M T VIDAS

Assessed Value$255,200

Land Value$123,000

Building Value$132,200

Annual Tax$3,619

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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~2,641 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 2,641 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
2924 38TH AVE S MINNEAPOLIS MN 55406	EMILIE L LIEPA	RESIDENTIAL	$227,400	40 ft
2932 38TH AVE S MINNEAPOLIS MN 55406	IONE L TOLLEFSON	RESIDENTIAL	$250,700	40 ft
2920 38TH AVE S MINNEAPOLIS MN 55406	HANNAH MAERTZ	RESIDENTIAL	$257,400	80 ft
2936 38TH AVE S MINNEAPOLIS MN 55406	A M JACOBSEN & T D BAXTER	RESIDENTIAL	$311,500	80 ft
2916 38TH AVE S MINNEAPOLIS MN 55406	R KNUTSON/A KNUTSON ET AL	TRIPLEX	$381,600	120 ft
2940 38TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	120 ft
2929 37TH AVE S MINNEAPOLIS MN 55406	E F GALLAS & T J GALLAS	RESIDENTIAL	$289,900	141 ft
2933 37TH AVE S MINNEAPOLIS MN 55406	LINDA FELTES	RESIDENTIAL-TWO UNIT	$398,400	147 ft
2925 37TH AVE S MINNEAPOLIS MN 55406	A BURGSTEDE & M CALHAN	RESIDENTIAL	$256,400	147 ft
2912 38TH AVE S MINNEAPOLIS MN 55406	T J SEGERSIN & B A SEGERSIN	RESIDENTIAL	$301,600	160 ft

Property History

Most Recent Sale

Date199102

Price$69,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,619