2848 39TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430123

Property Overview

Parcel ID3102923430123

Lot Size7,478 sq ft (0.172 ac)

Lot Dimensions (est.)129 ft wide × 58 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerDEREK HANSON/CINDY DAHLEN

Assessed Value$373,200

Land Value$172,000

Building Value$201,200

Annual Tax$5,595

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 2017 · $19K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$9K

SUPERIOR EXTERIORS MN INC

MiscOct 2023Closed

$8K

SUPERIOR EXTERIORS MN INC

MiscMay 2017Closed

$2K

derek hanson

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width48 ft

Buildable depth89 ft

Area~4,265 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 4,265 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2852 39TH AVE S MINNEAPOLIS MN 55406	BARNABAS YOHANNES	RESIDENTIAL	$369,500	58 ft
2844 39TH AVE S MINNEAPOLIS MN 55406	MARK A RUDOLPH	RESIDENTIAL-TWO UNIT	$413,200	58 ft
2834 39TH AVE S MINNEAPOLIS MN 55406	HEATHER KIEHNE	RESIDENTIAL	$310,500	116 ft
2845 38TH AVE S MINNEAPOLIS MN 55406	B B & K E MCCABE	RESIDENTIAL	$274,400	141 ft
2849 38TH AVE S MINNEAPOLIS MN 55406	V R PALMER/DEREK S DAVIDSON	RESIDENTIAL	$423,200	143 ft
2841 38TH AVE S MINNEAPOLIS MN 55406	DORY PUTH	RESIDENTIAL	$287,300	150 ft
3810 29TH ST E MINNEAPOLIS MN 55406	M R REA & A L REA	RESIDENTIAL	$270,900	155 ft
2832 39TH AVE S MINNEAPOLIS MN 55406	A E BRUEGGEMANN/N D RAADT	RESIDENTIAL	$321,500	165 ft
2837 38TH AVE S MINNEAPOLIS MN 55406	JOHN R VELDEY	RESIDENTIAL	$344,600	168 ft
2845 39TH AVE S MINNEAPOLIS MN 55406	DAVID J WEISS	RESIDENTIAL	$273,900	189 ft

Property History

Most Recent Sale

Date201704

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,595