2901 38TH AVE S MINNEAPOLIS MN 55406

PID: 3102923430221

Property Overview

Parcel ID3102923430221

Lot Size12,881 sq ft (0.296 ac)

Lot Dimensions (est.)129 ft wide × 100 ft deep

Year Built1957

Property ClassCOMMERCIAL-PREFERRED

OwnerB & B PORTFOLIO LLC

Assessed Value$965,500

Land Value$231,900

Building Value$733,600

Annual Tax$31,867

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $411K total declared value · Most recent: Feb 2025 (commfdnr)

CommfdnrFeb 2025Closed

$31K

Binder Heating and Air Conditioning Inc

CommajFeb 2025Closed

Steinkraus Plumbing Inc

RemodelJan 2025Closed

$377K

SHANECON INC

Commercial Multi-FamilyDec 2017Closed

$3K

Centraire Heating & Air Conditioning LLC

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width116 ft

Buildable depth60 ft

Area~7,730 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 7,730 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2909 38TH AVE S MINNEAPOLIS MN 55406	L ROBINSON & J D HOCH	RESIDENTIAL	$550,300	80 ft
2917 38TH AVE S MINNEAPOLIS MN 55406	MICHELLE M AMLOTT	RESIDENTIAL	$252,100	136 ft
2900 39TH AVE S MINNEAPOLIS MN 55406	MICHAEL ANTHONY KOSOWSKI	RESIDENTIAL-TWO UNIT	$369,500	142 ft
2904 39TH AVE S MINNEAPOLIS MN 55406	ADAM N QUICK/MARIT PETERSON	RESIDENTIAL	$291,500	144 ft
3810 29TH ST E MINNEAPOLIS MN 55406	M R REA & A L REA	RESIDENTIAL	$270,900	150 ft
2908 39TH AVE S MINNEAPOLIS MN 55406	E O LINDER & S M POIRIER	RESIDENTIAL	$382,300	157 ft
2912 39TH AVE S MINNEAPOLIS MN 55406	ANITA L KOZAN	RESIDENTIAL	$352,200	179 ft
2921 38TH AVE S MINNEAPOLIS MN 55406	THOMAS G SHERMAN ETAL	RESIDENTIAL	$291,200	186 ft
2904 38TH AVE S MINNEAPOLIS MN 55406	R R WILSON & J A WILSON	RESIDENTIAL	$202,000	189 ft
2849 38TH AVE S MINNEAPOLIS MN 55406	V R PALMER/DEREK S DAVIDSON	RESIDENTIAL	$423,200	190 ft

Property History

Most Recent Sale

Date202406

Price$729,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$31,867