2753 39TH AVE S MINNEAPOLIS MN 55406

PID: 3102923420060

Property Overview

Parcel ID3102923420060

Lot Size5,161 sq ft (0.118 ac)

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

Year Built1949

Property ClassRESIDENTIAL-TWO UNIT

OwnerG C HAY & C D HAY

Assessed Value$479,500

Land Value$147,000

Building Value$332,500

Annual Tax$7,375

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $70K total declared value · Most recent: Jul 2024 (remodel)

RemodelJul 2024Expired

$70K

GARY C HAY

ResMay 2024Expired

Warners Stellian Co Inc

ExistresNov 2022Closed

Standard Heating and Air Conditioning Inc

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

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

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 width116 ft

Buildable depth0 ft

Area~2,404 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,404 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2749 39TH AVE S MINNEAPOLIS MN 55406	M SYLVESTER & M SYLVESTER	RESIDENTIAL	$481,900	40 ft
2745 39TH AVE S MINNEAPOLIS MN 55406	MATTHEW STOLLENWERK	RESIDENTIAL	$276,400	80 ft
2741 39TH AVE S MINNEAPOLIS MN 55406	CARA LETOFSKY	RESIDENTIAL	$321,200	120 ft
2801 39TH AVE S MINNEAPOLIS MN 55406	MARIAN NELSON	RESIDENTIAL	$292,400	125 ft
2752 40TH AVE S MINNEAPOLIS MN 55406	ARIC W HAY & JODIE LYNN HAY	RESIDENTIAL	$463,500	140 ft
2748 40TH AVE S MINNEAPOLIS MN 55406	ERIC SKOGEN	RESIDENTIAL	$641,800	146 ft
2737 39TH AVE S MINNEAPOLIS MN 55406	MONICA M AUSTERLITZ	RESIDENTIAL	$266,400	160 ft
2746 40TH AVE S MINNEAPOLIS MN 55406	ANDREW T CHASE	RESIDENTIAL	$259,700	162 ft
2805 39TH AVE S MINNEAPOLIS MN 55406	E FROST & M HOTCHKISS	RESIDENTIAL	$355,400	175 ft
2740 40TH AVE S MINNEAPOLIS MN 55406	M B AUTRY & E P Y KAHN	RESIDENTIAL	$409,600	185 ft

Property History

Most Recent Sale

Date199809

Price$145,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,375