522 34TH ST W MINNEAPOLIS MN 55408

PID: 0302824230132

Property Overview

Parcel ID0302824230132

Lot Size5,508 sq ft (0.126 ac)

Lot Dimensions (est.)44 ft wide × 126 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerJESSE ALEXANDER

Assessed Value$331,100

Land Value$147,000

Building Value$184,100

Annual Tax$5,106

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

6 permits on record since 2019 · $50K total declared value · Most recent: Nov 2024 (misc)

MiscNov 2024Closed

$19K

PINNACLE RENOVATIONS LLC

MiscNov 2024Closed

$12K

PINNACLE RENOVATIONS LLC

ExistresSep 2024Closed

Standard Heating and Air Conditioning Inc

ResMar 2023Closed

Warners Stellian Co Inc

ResAug 2022Closed

Warners Stellian Co Inc

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

Neighborhood Profile

Lyndale · Minneapolis

Median reported rent1,022/mo

Renter-occupied73.1%

Median home value$318K

Vacancy rate5.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 82

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width31 ft

Buildable depth86 ft

Area~2,642 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 2,642 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
516 34TH ST W MINNEAPOLIS MN 55408	D M KERNAN & J R KERNAN	RESIDENTIAL	$321,400	43 ft
512 34TH ST W MINNEAPOLIS MN 55408	C SELLARS & H COLWELL	RESIDENTIAL	$397,200	86 ft
3333 GARFIELD AVE MINNEAPOLIS MN 55408	G M SCHAEFER & M J HARLAN	RESIDENTIAL	$278,900	95 ft
3329 GARFIELD AVE MINNEAPOLIS MN 55408	L A JOHANSSON & D M PRINCE	RESIDENTIAL	$436,100	135 ft
3401 GARFIELD AVE MINNEAPOLIS MN 55408	DUSTIN W BURNHAM	RESIDENTIAL	$323,800	167 ft
3325 GARFIELD AVE MINNEAPOLIS MN 55408	CATHERINE CLAYBORNE ET AL	RESIDENTIAL	$356,500	176 ft
3340 HARRIET AVE MINNEAPOLIS MN 55408	JOCELYN KING & BRADY KING	RESIDENTIAL	$407,600	184 ft
3336 HARRIET AVE MINNEAPOLIS MN 55408	CATHERINE ALLEN	RESIDENTIAL	$398,300	189 ft
3344 HARRIET AVE MINNEAPOLIS MN 55408	ANDREW MAREK DRESDNER	RESIDENTIAL	$453,300	189 ft
3403 GARFIELD AVE MINNEAPOLIS MN 55408	DENNIS ALBERT HONIGS	RESIDENTIAL	$263,200	203 ft

Property History

Most Recent Sale

Date202308

Price$385,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,106