2809 39TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430137

Property Overview

Parcel ID3102923430137

Lot Size5,158 sq ft (0.118 ac)

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

Year Built2019

Property ClassRESIDENTIAL

OwnerP W WO CHING & J BECKHAM

Assessed Value$702,700

Land Value$147,000

Building Value$555,700

Annual Tax$11,590

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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 width30 ft

Buildable depth89 ft

Area~2,668 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 2,668 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
2815 39TH AVE S MINNEAPOLIS MN 55406	P CHING & J BECKHAM	RESIDENTIAL	$299,700	40 ft
2805 39TH AVE S MINNEAPOLIS MN 55406	E FROST & M HOTCHKISS	RESIDENTIAL	$355,400	45 ft
2817 39TH AVE S MINNEAPOLIS MN 55406	MIKE J HOLTTI	RESIDENTIAL	$245,700	80 ft
2801 39TH AVE S MINNEAPOLIS MN 55406	MARIAN NELSON	RESIDENTIAL	$292,400	95 ft
2821 39TH AVE S MINNEAPOLIS MN 55406	T A EVANS & J E PARKER	RESIDENTIAL	$253,100	120 ft
2808 40TH AVE S MINNEAPOLIS MN 55406	ANNE MARIE THELANDER	RESIDENTIAL	$257,800	141 ft
2812 40TH AVE S MINNEAPOLIS MN 55406	T R BOESCH & A M POBURKA	RESIDENTIAL	$332,100	146 ft
2804 40TH AVE S MINNEAPOLIS MN 55406	LISA P ROVICK ET AL	RESIDENTIAL	$242,400	146 ft
2825 39TH AVE S MINNEAPOLIS MN 55406	MICHELE HOCH	RESIDENTIAL	$296,800	160 ft
2816 40TH AVE S MINNEAPOLIS MN 55406	HOWARD SAMUEL JOHNSON REV TR	RESIDENTIAL	$299,700	162 ft

Property History

Most Recent Sale

Date202001

Price$624,125

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,590