2316 34TH ST E MINNEAPOLIS MN 55406

PID: 0102824240005

Property Overview

Parcel ID0102824240005

Lot Size5,923 sq ft (0.136 ac)

Lot Dimensions (est.)42 ft wide × 140 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerR M SHELDON & N E PETERS

Assessed Value$248,000

Land Value$110,000

Building Value$138,000

Annual Tax$4,119

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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 rent1,426/mo

Renter-occupied41.7%

Median home value$261K

Vacancy rate3.7%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1087

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 depth101 ft

Area~177 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 177 sqft buildable area.

Est. units

Yield on cost

6.7%

Spread

+1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2312 34TH ST E MINNEAPOLIS MN 55406	STEVEN F LANGE	RESIDENTIAL	$290,200	42 ft
3340 24TH AVE S MINNEAPOLIS MN 55406	ROBERT LICARI	RESIDENTIAL	$387,700	97 ft
3336 24TH AVE S MINNEAPOLIS MN 55406	ERIC BIEDERMAN/K LEIBFRIED	RESIDENTIAL	$254,000	100 ft
3344 24TH AVE S MINNEAPOLIS MN 55406	KAREN M SORMAN	RESIDENTIAL	$183,500	110 ft
3334 24TH AVE S MINNEAPOLIS MN 55406	ANNE C SCHINDELDECKER	RESIDENTIAL	$266,000	117 ft
3328 24TH AVE S MINNEAPOLIS MN 55406	SONIA L MEADE	RESIDENTIAL	$230,300	130 ft
3341 23RD AVE S MINNEAPOLIS MN 55407	DEANNA L OLSON	RESIDENTIAL	$349,200	139 ft
3337 23RD AVE S MINNEAPOLIS MN 55407	G R MILLER & C MILLER	RESIDENTIAL	$293,400	141 ft
3345 23RD AVE S MINNEAPOLIS MN 55407	SAMUEL R DELOUIS	RESIDENTIAL	$272,200	147 ft
3333 23RD AVE S MINNEAPOLIS MN 55407	SENAITE WUHIB	RESIDENTIAL	$242,700	154 ft

Property History

Most Recent Sale

Date201709

Price$205,316

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,119