3245 29TH AVE S MINNEAPOLIS MN 55406

PID: 0102824140087

Property Overview

Parcel ID0102824140087

Lot Size6,671 sq ft (0.153 ac)

Lot Dimensions (est.)158 ft wide × 42 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerN K PETERSON & A M PETERSON

Assessed Value$352,100

Land Value$124,000

Building Value$228,100

Annual Tax$5,242

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2018 · $44K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$6K

LIBERTE CONSTRUCTION LLC

MiscApr 2024Closed

$15K

LIBERTE CONSTRUCTION LLC

ResApr 2023Closed

CenterPoint Energy Resource Corp

RemodelJul 2020Closed

$2K

EGRESS WINDOW GUY

MiscJun 2020Closed

$9K

STANDARD WATER CONTROL SYSTEMS INC

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

Neighborhood Profile

Longfellow · Minneapolis

Median reported rent1,037/mo

Renter-occupied58.5%

Median home value$302K

Vacancy rate13.8%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1088

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 width32 ft

Buildable depth119 ft

Area~3,802 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 3,802 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
3251 29TH AVE S MINNEAPOLIS MN 55406	FRED R & HANH THI KIEFER	RESIDENTIAL	$273,700	42 ft
3241 29TH AVE S MINNEAPOLIS MN 55406	B V NELSON/L TABOLICH-NELSON	RESIDENTIAL-TWO UNIT	$359,100	42 ft
3253 29TH AVE S MINNEAPOLIS MN 55406	CAROLYN E BROWN ZNIEWSKI TR	TRIPLEX	$445,100	84 ft
3237 29TH AVE S MINNEAPOLIS MN 55406	E WARD & P NAUMANN	RESIDENTIAL	$318,900	84 ft
3233 29TH AVE S MINNEAPOLIS MN 55406	J A DOSCH-CASTILLO ET AL	RESIDENTIAL	$249,300	126 ft
3229 29TH AVE S MINNEAPOLIS MN 55406	C TRENTT CRAMER	RESIDENTIAL-TWO UNIT	$370,100	169 ft
3244 30TH AVE S MINNEAPOLIS MN 55406	BRANDON BREVER	RESIDENTIAL	$290,300	171 ft
3240 30TH AVE S MINNEAPOLIS MN 55406	C DUBOS & R GILBERT	RESIDENTIAL	$341,600	176 ft
3248 30TH AVE S MINNEAPOLIS MN 55406	SUSAN J BOBOLINK	RESIDENTIAL	$267,800	176 ft
3236 30TH AVE S MINNEAPOLIS MN 55406	JOAN DROPIK	RESIDENTIAL	$267,800	190 ft

Property History

Most Recent Sale

Date200706

Price$255,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,242