1216 34TH ST W MINNEAPOLIS MN 55408

PID: 0402824130189

Property Overview

Parcel ID0402824130189

Lot Size3,429 sq ft (0.079 ac)

Lot Dimensions (est.)43 ft wide × 79 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerGREGORY/PAMELA PAULSON RV TR

Assessed Value$487,400

Land Value$153,000

Building Value$334,400

Annual Tax$7,507

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

No permits found in Minneapolis open data for this parcel.

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 width33 ft

Buildable depth40 ft

Area~1,315 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 1,315 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3349 FREMONT AVE S MINNEAPOLIS MN 55408	ADETOKUNBO O OKANLA ET AL	RESIDENTIAL	$380,000	67 ft
3345 FREMONT AVE S MINNEAPOLIS MN 55408	THOMAS CHARLES OERTEL	RESIDENTIAL	$361,200	67 ft
3341 FREMONT AVE S MINNEAPOLIS MN 55408	JOSHUA HOFFER & VICKY BASS	RESIDENTIAL	$499,800	74 ft
3348 EMERSON AVE S MINNEAPOLIS MN 55408	ANDREW S BOYLE & BRIN BAILEY	RESIDENTIAL	$486,700	99 ft
3344 EMERSON AVE S MINNEAPOLIS MN 55408	YUHANG CHENG & LING QI	RESIDENTIAL	$275,000	100 ft
3337 FREMONT AVE S MINNEAPOLIS MN 55408	J T LANDRY & N L MCCALL	APARTMENT	$844,000	108 ft
3340 EMERSON AVE S MINNEAPOLIS MN 55408	V LELEPS & V D LELEPS	RESIDENTIAL	$332,700	115 ft
3336 EMERSON AVE S MINNEAPOLIS MN 55408	CHRISTOPHER C JOHNSON REV TR	RESIDENTIAL	$579,800	140 ft
3333 FREMONT AVE S MINNEAPOLIS MN 55408	N L MCCALL & J T LANDRY	RESIDENTIAL	$475,700	146 ft
3401 FREMONT AVE S MINNEAPOLIS MN 55408	CONSTANCE LEE BERTRAND	RESIDENTIAL	$478,400	148 ft

Property History

Current Tax Year

Year2026

Tax Due$7,507