2803 38TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430108

Property Overview

Parcel ID3102923430108

Lot Size3,849 sq ft (0.088 ac)

Lot Dimensions (est.)128 ft wide × 30 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerALISA M TENNESSEN

Assessed Value$246,900

Land Value$125,000

Building Value$121,900

Annual Tax$3,481

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

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 width20 ft

Buildable depth88 ft

Area~1,766 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 1,766 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2801 38TH AVE S MINNEAPOLIS MN 55406	O L PEARBERG & Z PEARBERG	RESIDENTIAL	$208,700	30 ft
2805 38TH AVE S MINNEAPOLIS MN 55406	ALYSSA FASSETT-CARMAN ET AL	RESIDENTIAL	$351,400	35 ft
2809 38TH AVE S MINNEAPOLIS MN 55406	K A & A D PROCACCINI	RESIDENTIAL-TWO UNIT	$352,500	75 ft
2815 38TH AVE S MINNEAPOLIS MN 55406	K B OKER MCCLEAF & A MCCLEAF	RESIDENTIAL	$291,400	115 ft
2802 39TH AVE S MINNEAPOLIS MN 55406	A M THEIS & E D THEIS	RESIDENTIAL	$369,800	141 ft
2800 39TH AVE S MINNEAPOLIS MN 55406	KAITLYN MILLER	RESIDENTIAL	$250,100	143 ft
2804 39TH AVE S MINNEAPOLIS MN 55406	ROSS THOMPSON	RESIDENTIAL	$308,200	150 ft
2817 38TH AVE S MINNEAPOLIS MN 55406	COLIN E CARPENTER	RESIDENTIAL-TWO UNIT	$316,400	155 ft
2810 39TH AVE S MINNEAPOLIS MN 55406	VICTORIA A MERCER	RESIDENTIAL	$241,300	168 ft
2800 38TH AVE S MINNEAPOLIS MN 55406	K L MARKWORTH/L C MARKWORTH	RESIDENTIAL	$279,300	189 ft

Property History

Most Recent Sale

Date201506

Price$153,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,481