2841 38TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430118

Property Overview

Parcel ID3102923430118

Lot Size5,160 sq ft (0.118 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerDORY PUTH

Assessed Value$287,300

Land Value$147,000

Building Value$140,300

Annual Tax$4,157

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

3 permits on record since 2023 · $23K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Closed

$9K

LIBERTE CONSTRUCTION LLC

MiscOct 2025Closed

$11K

LIBERTE CONSTRUCTION LLC

MiscJun 2023Closed

$3K

Precision Exteriors Restoration LLC

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

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 width30 ft

Buildable depth89 ft

Area~2,669 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 2,669 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
2837 38TH AVE S MINNEAPOLIS MN 55406	JOHN R VELDEY	RESIDENTIAL	$344,600	40 ft
2845 38TH AVE S MINNEAPOLIS MN 55406	B B & K E MCCABE	RESIDENTIAL	$274,400	40 ft
2833 38TH AVE S MINNEAPOLIS MN 55406	COLIN E CARPENTER	RESIDENTIAL-TWO UNIT	$319,300	80 ft
2849 38TH AVE S MINNEAPOLIS MN 55406	V R PALMER/DEREK S DAVIDSON	RESIDENTIAL	$423,200	80 ft
2829 38TH AVE S MINNEAPOLIS MN 55406	D J ALECCI & V C BARANKOVICH	RESIDENTIAL	$294,100	120 ft
3810 29TH ST E MINNEAPOLIS MN 55406	M R REA & A L REA	RESIDENTIAL	$270,900	120 ft
2844 39TH AVE S MINNEAPOLIS MN 55406	MARK A RUDOLPH	RESIDENTIAL-TWO UNIT	$413,200	141 ft
2848 39TH AVE S MINNEAPOLIS MN 55406	DEREK HANSON/CINDY DAHLEN	RESIDENTIAL	$373,200	150 ft
2834 39TH AVE S MINNEAPOLIS MN 55406	HEATHER KIEHNE	RESIDENTIAL	$310,500	154 ft
2825 38TH AVE S MINNEAPOLIS MN 55406	LUCIA I BENDER	RESIDENTIAL	$332,900	160 ft

Property History

Most Recent Sale

Date198705

Price$54,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,157