2937 38TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430088

Property Overview

Parcel ID3102923430088

Lot Size5,169 sq ft (0.119 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerLAUREL A ROSE

Assessed Value$407,800

Land Value$145,000

Building Value$262,800

Annual Tax$6,175

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth89 ft

Area~2,676 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 2,676 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
2933 38TH AVE S MINNEAPOLIS MN 55406	BARBARA A PETERSON	RESIDENTIAL	$290,500	40 ft
2941 38TH AVE S MINNEAPOLIS MN 55406	ROGER S JONDAHL	RESIDENTIAL-TWO UNIT	$325,100	40 ft
2929 38TH AVE S MINNEAPOLIS MN 55406	JOHN H JACOBSON JR	RESIDENTIAL	$175,000	80 ft
3804 LAKE ST E MINNEAPOLIS MN 55406	TIME MOTOR SALES INC	COMMERCIAL-PREFERRED	$512,000	115 ft
2925 38TH AVE S MINNEAPOLIS MN 55406	MICHELE HUGHLEY	RESIDENTIAL	$301,800	120 ft
2936 39TH AVE S MINNEAPOLIS MN 55406	TIMOTHY A HOLLY ET AL	RESIDENTIAL	$320,100	141 ft
2940 39TH AVE S MINNEAPOLIS MN 55406	M NATARAJAN & D MUKHERJEE	RESIDENTIAL	$251,600	147 ft
2932 39TH AVE S MINNEAPOLIS MN 55406	W J GILBERT & M A SCHERMANN	RESIDENTIAL	$313,200	147 ft
2944 39TH AVE S MINNEAPOLIS MN 55406	MARJORIE LACY & WILLIAM LACY	RESIDENTIAL	$335,100	162 ft
2928 39TH AVE S MINNEAPOLIS MN 55406	MATTHEW MERRICK NORTON	RESIDENTIAL	$349,800	162 ft

Property History

Most Recent Sale

Date201006

Price$256,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,175