2312 35TH ST E MINNEAPOLIS MN 55406

PID: 0102824310131

Property Overview

Parcel ID0102824310131

Lot Size4,778 sq ft (0.110 ac)

Lot Dimensions (est.)45 ft wide × 106 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerALLISON LOW

Assessed Value$277,700

Land Value$89,000

Building Value$188,700

Annual Tax$4,222

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 2018 · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResApr 2018Closed

Majestic Plumbing Inc

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 width35 ft

Buildable depth66 ft

Area~2,319 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 2,319 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2308 35TH ST E MINNEAPOLIS MN 55406	J MCGRATH & S BURNS	RESIDENTIAL	$270,000	47 ft
2316 35TH ST E MINNEAPOLIS MN 55406	KENNETH G TOUTGES	RESIDENTIAL	$163,000	59 ft
3441 23RD AVE S MINNEAPOLIS MN 55407	CHARLES DAVID LANE	RESIDENTIAL-TWO UNIT	$474,100	97 ft
2320 35TH ST E MINNEAPOLIS MN 55406	M L ROSAS & I LUNA-MARTINEZ	RESIDENTIAL	$185,800	101 ft
2300 35TH ST E MINNEAPOLIS MN 55406	MARTA L KNUTSON	RESIDENTIAL-TWO UNIT	$361,600	110 ft
3437 23RD AVE S MINNEAPOLIS MN 55407	MOLLY J FEIGAL	RESIDENTIAL-TWO UNIT	$487,800	130 ft
2324 35TH ST E MINNEAPOLIS MN 55406	EMILY ELINOR GOLDTHWAITE	RESIDENTIAL	$257,600	145 ft
3436 24TH AVE S MINNEAPOLIS MN 55406	JAMES HARLEY PATTERSON ET AL	RESIDENTIAL	$265,100	146 ft
3433 23RD AVE S MINNEAPOLIS MN 55407	JEFFREY S BERG/MARY A GOLOB	RESIDENTIAL-TWO UNIT	$477,400	166 ft
2313 35TH ST E MINNEAPOLIS MN 55406	D L RUNNALS & M B DISCIORIO	RESIDENTIAL	$339,300	174 ft

Property History

Most Recent Sale

Date202106

Price$290,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,222