2117 32ND ST E MINNEAPOLIS MN 55407

PID: 0102824240069

Property Overview

Parcel ID0102824240069

Lot Size3,582 sq ft (0.082 ac)

Lot Dimensions (est.)72 ft wide × 50 ft deep

Year Built1903

Property ClassRESIDENTIAL

OwnerKATHLEEN R HOFFER

Assessed Value$199,800

Land Value$80,000

Building Value$119,800

Annual Tax$2,862

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

1 permit on record since 2023 · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

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 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 width62 ft

Buildable depth10 ft

Area~617 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 617 sqft buildable area.

Est. units

Yield on cost

4.5%

Spread

-1.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3204 22ND AVE S MINNEAPOLIS MN 55407	JENNIFER J UNDIS	RESIDENTIAL	$355,000	71 ft
2115 32ND ST E MINNEAPOLIS MN 55407	ARBER MEKO	RESIDENTIAL	$211,600	78 ft
3200 22ND AVE S MINNEAPOLIS MN 55407	DAVID Y CAUFMAN	RESIDENTIAL	$303,500	85 ft
3208 22ND AVE S MINNEAPOLIS MN 55407	M A FREY & P L KASPER	RESIDENTIAL-TWO UNIT	$407,300	112 ft
3205 21ST AVE S MINNEAPOLIS MN 55407	K R SMULDERS & T T LY	RESIDENTIAL	$339,000	146 ft
3154 22ND AVE S MINNEAPOLIS MN 55407	M & R DENNY	RESIDENTIAL	$300,400	149 ft
2116 32ND ST E MINNEAPOLIS MN 55407	LENG B WONG & GLORIA Y WONG	RESIDENTIAL	$210,000	156 ft
3212 22ND AVE S MINNEAPOLIS MN 55407	AMY KENDIG & ZACHARY MOORE	RESIDENTIAL	$473,000	158 ft
3201 21ST AVE S MINNEAPOLIS MN 55407	JENNIFER M STELLER	RESIDENTIAL	$351,000	163 ft
3209 21ST AVE S MINNEAPOLIS MN 55407	JOHN L WAGNER	APARTMENT	$505,000	169 ft

Property History

Most Recent Sale

Date199903

Price$50,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,862