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CondominiumResidential

2540 38th Ave

MINNEAPOLIS, MN 55421
828 ft²
Lot SizeThe size of the land the home sits on, from county records.
2006
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 20064 floors31 units849–1,603 ft²
$8.5M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$277K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$226
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-11.3%vs the Minneapolis ZIP median sale $/ft² ($255)

Sales Performance

$221K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+19.2%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
6.5%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
-0.5%per yeartypical hold 6.3 yrsfrom 25 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20062008201020132016201920212026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20062008201020132016201920212026

52 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$185K$250K$314K$379K849 ft²1,000 ft²1,151 ft²1,301 ft²1,452 ft²1,603 ft²
1 bd2 bd
1 bed
17 units
2 bed
14 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
1 bd · 1 ba · 849 ft²
3 units
1 bd · 2 ba · 1,102 ft²
3 units
1 bd · 2 ba · 1,336 ft²
3 units
2 bd · 2 ba · 1,422 ft²
3 units
2 bd · 2 ba · 1,579 ft²
3 units
1 bd · 1.5 ba · 1,128 ft²
2 units
2 bd · 2 ba · 1,330 ft²
2 units
One-off layouts
12 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$185K–$208K
3 units
$215K–$227K
2 units
$241K–$255K
9 units
$265K–$281K
4 units
$293K–$305K
5 units
$310K–$316K
4 units
$339K–$348K
3 units
$379K–$379K
1 unit

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 1
$221/ft²
Floor 2
$219/ft²
Floor 3
$228/ft²
Floor 4
$233/ft²
Unit lines by $/ft²Condo units stacked vertically share a unit line — the last digits of the unit number (like 05 in 1205, 1305, 1405). Lines share a layout and exposure, so comparing estimated $/ft² by line shows which position in the building commands a premium.
Line ·07
$247/ft²
Line ·17
$239/ft²
Line ·01
$236/ft²
Line ·06
$229/ft²
Line ·05
$225/ft²
Line ·02
$219/ft²
Line ·04
$211/ft²
Line ·03
$202/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.84%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.13%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.11.2 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.0%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.53%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$260,869
Median tax billThe middle annual property tax bill among the building's units.$5,272
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 417Aug 25, 2026$215,000Unit 203Jun 18, 2026$226,176Unit 417Oct 30, 2024$185,000Unit 105Oct 27, 2021$315,000Unit 204Jan 22, 2021$345,000Unit 405Oct 16, 2020$320,000Unit 401Sep 16, 2020$225,000Unit 305Aug 19, 2019$310,000Unit 217Jun 4, 2019$189,900Unit 101Jan 16, 2019$244,900

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.33 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyRAMSEY
Lot (acres)The size of the land the home sits on, from county records.0.19
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Wilshire Park Elementary SchoolA-
Elementary · Grades KG–5 · 0.8 mi
M
St. Anthony Middle SchoolB
Middle · Grades 6–8 · 0.8 mi
H
St. Anthony Village High SchoolB
High · Grades 9–12 · 0.8 mi

District: St. Anthony-New Brighton Schools

Neighborhood · ZIP 55421These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.147
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.86
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.9

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.25%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.30,909
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,763 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$70,120
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$87,406
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

2540 38th Ave Ne # 101
1 bd · 1.5 ba · 1,128 ft²
$255K
2540 38th Ave Ne # 102
2 bd · 2 ba · 1,422 ft²
$316K
2540 38th Ave Ne # 103
1 bd · 2 ba · 1,336 ft²
$265K
2540 38th Ave Ne # 104
2 bd · 2 ba · 1,579 ft²
$339K
2540 38th Ave Ne # 105
2 bd · 2 ba · 1,427 ft²
$305K
2540 38th Ave Ne # 106
2 bd · 2 ba · 1,102 ft²
$253K
2540 38th Ave Ne # 117
1 bd · 1 ba · 849 ft²
$205K
2540 38th Ave Ne # 201
2 bd · 1.5 ba · 1,128 ft²
$281K
2540 38th Ave Ne # 202
2 bd · 2 ba · 1,422 ft²
$277K
2540 38th Ave Ne # 203
1 bd · 2 ba · 1,335 ft²
$227K
2540 38th Ave Ne # 204
2 bd · 2 ba · 1,579 ft²
$348K
2540 38th Ave Ne # 205
2 bd · 2 ba · 1,330 ft²
$293K
2540 38th Ave Ne # 206
1 bd · 2 ba · 1,102 ft²
$254K
2540 38th Ave Ne # 207
1 bd · 1.5 ba · 972 ft²
$241K
2540 38th Ave Ne # 217
1 bd · 1 ba · 849 ft²
$185K
2540 38th Ave Ne # 301
1 bd · 1.5 ba · 1,128 ft²
$255K
2540 38th Ave Ne # 302
2 bd · 2 ba · 1,422 ft²
$300K
2540 38th Ave Ne # 303
1 bd · 2 ba · 1,336 ft²
$293K
2540 38th Ave Ne # 304
2 bd · 2 ba · 1,579 ft²
$340K
2540 38th Ave Ne # 305
2 bd · 2 ba · 1,330 ft²
$311K
2540 38th Ave Ne # 306
1 bd · 2 ba · 1,102 ft²
$252K
2540 38th Ave Ne # 307
1 bd · 1.5 ba · 1,000 ft²
$244K
2540 38th Ave Ne # 317
1 bd · 1 ba · 849 ft²
$208K
2540 38th Ave Ne # 401
1 bd · 1.5 ba · 1,140 ft²
$277K
2540 38th Ave Ne # 402
2 bd · 2 ba · 1,525 ft²
$379K
2540 38th Ave Ne # 403
1 bd · 2 ba · 1,336 ft²
$295K
2540 38th Ave Ne # 404
2 bd · 2 ba · 1,603 ft²
$310K
2540 38th Ave Ne # 405
2 bd · 2 ba · 1,342 ft²
$310K
2540 38th Ave Ne # 406
1 bd · 2 ba · 1,102 ft²
$250K
2540 38th Ave Ne # 407
1 bd · 1.5 ba · 979 ft²
$244K
2540 38th Ave Ne # 417
1 bd · 1 ba · 861 ft²
$215K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 2540 38th Ave

How many units are in 2540 38th Ave, Minneapolis, MN?

2540 38th Ave, Minneapolis, MN has 31 residential units across 4 floors, built in 2006, according to county assessor records.

What is a unit at 2540 38th Ave, Minneapolis, MN worth?

The median TopHap Estimate across the 31 units at 2540 38th Ave, Minneapolis, MN is $277,255. That works out to $226 per square foot. Units run from 849 to 1,603 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 2540 38th Ave, Minneapolis, MN expensive for Minneapolis?

Units at 2540 38th Ave, Minneapolis, MN carry a median of $226 per square foot, 11% below the Minneapolis median of $255 per square foot.

How often do units sell at 2540 38th Ave, Minneapolis, MN?

2 units at 2540 38th Ave, Minneapolis, MN sold in the last 12 months, out of 52 recorded arms-length sales all time. That is a turnover rate of 6.5% of the building per year. The median sale over that period was $221K.

Have units at 2540 38th Ave, Minneapolis, MN appreciated?

Across 25 repeat sales of the same unit, 2540 38th Ave, Minneapolis, MN returned a median -0.5% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 6.3 years.

What floor plans does 2540 38th Ave, Minneapolis, MN have?

The most common plan at 2540 38th Ave, Minneapolis, MN is a 1-bedroom of 849 square feet, repeated 3 times, with a median estimate of $204,819. TopHap identifies 7 recurring plans in the building.

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