2315 33RD ST E MINNEAPOLIS MN 55406

PID: 0102824240020

Property Overview

Parcel ID0102824240020

Lot Size3,678 sq ft (0.084 ac)

Lot Dimensions (est.)45 ft wide × 82 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerBENJAMIN R FAGERNESS

Assessed Value$278,900

Land Value$86,000

Building Value$192,900

Annual Tax$4,192

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

2 permits on record since 2022 · $5K total declared value · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

MiscJun 2022Closed

$5K

Minnesota Metal Exteriors

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

Neighborhood Profile

Corcoran · 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 width33 ft

Buildable depth46 ft

Area~1,464 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 1,464 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2317 33RD ST E MINNEAPOLIS MN 55406	CALEB THILGES/HELEN THILGES	RESIDENTIAL	$248,100	67 ft
3309 23RD AVE S MINNEAPOLIS MN 55407	JOSEF HALVERSON	RESIDENTIAL	$294,000	88 ft
3305 23RD AVE S MINNEAPOLIS MN 55407	GLENN A HOWATT	RESIDENTIAL	$275,500	88 ft
3301 23RD AVE S MINNEAPOLIS MN 55407	MARILAURICE HEMLOCK	RESIDENTIAL	$336,700	88 ft
3315 23RD AVE S MINNEAPOLIS MN 55407	FRANCISCO A G BARRERA ET AL	RESIDENTIAL	$279,200	119 ft
3308 24TH AVE S MINNEAPOLIS MN 55406	CLEO LACEY & IAN BRAUER	RESIDENTIAL	$371,000	138 ft
3247 23RD AVE S MINNEAPOLIS MN 55407	T & B MEYER	RESIDENTIAL	$240,000	149 ft
3302 24TH AVE S MINNEAPOLIS MN 55406	TIMOTHY R REEDE	RESIDENTIAL	$352,900	153 ft
3319 23RD AVE S MINNEAPOLIS MN 55407	KEVIN M BALTZER	RESIDENTIAL	$340,400	159 ft
3310 24TH AVE S MINNEAPOLIS MN 55406	ELAINE L MADTSON	RESIDENTIAL	$323,400	160 ft

Property History

Most Recent Sale

Date201912

Price$214,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,192