1204 32ND ST W MINNEAPOLIS MN 55408

PID: 0402824120153

Property Overview

Parcel ID0402824120153

Lot Size4,154 sq ft (0.095 ac)

Lot Dimensions (est.)46 ft wide × 90 ft deep

Year Built1910

Property ClassRESIDENTIAL-TWO UNIT

OwnerBARBARA SMITH

Assessed Value$551,300

Land Value$170,000

Building Value$381,300

Annual Tax$8,681

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

6 permits on record since 2018 · $87K total declared value · Most recent: Aug 2025 (misc)

MiscAug 2025Cancelled

$14K

RENEWAL BY ANDERSEN CORP

ResMay 2025Inspection

MN Plumbing & Home Services INC

MiscMay 2025Closed

$4K

THE HOME DEPOT

MiscDec 2023Closed

$27K

RENEWAL BY ANDERSEN CORP

MiscJan 2021Closed

$35K

Minnesota Rusco Inc

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

Neighborhood Profile

South Uptown · Minneapolis

Median reported rent1,449/mo

Renter-occupied73.2%

Median home value$398K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 81

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width35 ft

Buildable depth52 ft

Area~1,825 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 1,825 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1200 32ND ST W MINNEAPOLIS MN 55408	PEGGY J DUNNETTE TRUST	RESIDENTIAL-TWO UNIT	$503,700	43 ft
1210 32ND ST W MINNEAPOLIS MN 55408	F W LEHRKE & S M LEHRKE	RESIDENTIAL	$446,000	43 ft
3140 EMERSON AVE S MINNEAPOLIS MN 55408	KINGS HIGHWAY PROPERTIES LLC	APARTMENT	$1,022,000	69 ft
1214 32ND ST W MINNEAPOLIS MN 55408	R L & R S BINDER	RESIDENTIAL	$397,900	97 ft
3136 EMERSON AVE S MINNEAPOLIS MN 55408	MARK D BECK	APARTMENT	$513,000	115 ft
1218 32ND ST W MINNEAPOLIS MN 55408	M MURPHY & M ROCKCASTLE	RESIDENTIAL	$623,700	136 ft
3141 FREMONT AVE S MINNEAPOLIS MN 55408	L C PLUMMER & L C PLUMMER	APARTMENT	$567,000	156 ft
3132 EMERSON AVE S MINNEAPOLIS MN 55408	STEVEN G BAUER	CONDOMINIUM	$203,000	160 ft
3132 EMERSON AVE S MINNEAPOLIS MN 55408	PRESCOTT FAMILY REVOCABLE TR	CONDOMINIUM	$191,000	160 ft
3132 EMERSON AVE S MINNEAPOLIS MN 55408	N TRAN & T D ROBERTSON	CONDOMINIUM	$210,000	160 ft

Property History

Current Tax Year

Year2026

Tax Due$8,681