2012 34TH ST E MINNEAPOLIS MN 55407

PID: 0102824230175

Property Overview

Parcel ID0102824230175

Lot Size2,759 sq ft (0.063 ac)

Lot Dimensions (est.)45 ft wide × 61 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerM FAUSTINO & K BOWERS

Assessed Value$181,100

Land Value$62,000

Building Value$119,100

Annual Tax$2,510

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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 rent1,294/mo

Renter-occupied49.3%

Median home value$287K

Vacancy rate4.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1086

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

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 width35 ft

Buildable depth21 ft

Area~746 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 sfr / adu benchmarks for 746 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3336 21ST AVE S MINNEAPOLIS MN 55407	DAVID DUBOIS	RESIDENTIAL	$229,300	62 ft
3332 21ST AVE S MINNEAPOLIS MN 55407	DAVID A DUBOIS	RESIDENTIAL	$296,000	72 ft
3345 20TH AVE S MINNEAPOLIS MN 55407	THOMAS BUCHANAN & AMY TWEET	RESIDENTIAL-TWO UNIT	$408,500	99 ft
3333 20TH AVE S MINNEAPOLIS MN 55407	KELLY NAOMI WATERMAN	RESIDENTIAL	$221,300	113 ft
3328 21ST AVE S MINNEAPOLIS MN 55407	TAI C MAI & PHUONG T TRUONG	RESIDENTIAL	$214,200	117 ft
3329 20TH AVE S MINNEAPOLIS MN 55407	MARTHA MARIE BIRD	RESIDENTIAL	$271,000	145 ft
2015 34TH ST E MINNEAPOLIS MN 55407	E RENTZ & C KIGHTLINGER	RESIDENTIAL	$232,000	151 ft
2017 34TH ST E MINNEAPOLIS MN 55407	THERESA Y TURNER	RESIDENTIAL	$259,100	156 ft
3324 21ST AVE S MINNEAPOLIS MN 55407	C R COOPER & K G ROBERTS	RESIDENTIAL	$313,600	161 ft
3401 20TH AVE S MINNEAPOLIS MN 55407	MICHAEL E DROPIK	RESIDENTIAL	$255,000	164 ft

Property History

Most Recent Sale

Date201901

Price$176,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,510