3322 32ND ST W MINNEAPOLIS MN 55416

PID: 0502824210027

Property Overview

Parcel ID0502824210027

Lot Size5,400 sq ft (0.124 ac)

Lot Dimensions (est.)41 ft wide × 132 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerR J SULLIVAN & A L BYER

Assessed Value$643,000

Land Value$336,000

Building Value$307,000

Annual Tax$10,417

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2024 · $105K total declared value · Most recent: Apr 2024 (addition)

AdditionApr 2024Closed

$105K

Sticks & Stones Design Inc

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

Neighborhood Profile

West Maka Ska · Minneapolis

Median reported rent1,434/mo

Renter-occupied58.4%

Median home value$420K

Vacancy rate3.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1091

Market Snapshot

Zip code 55416

Median sale price$395K-8.1% YoY

Median price / sqft$246/sqft

Median days to close46 days

Active listings89

Source: Redfin Data Center (Invalid Date) · Zip 55416

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth95 ft

Area~2,850 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 2,850 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
3326 32ND ST W MINNEAPOLIS MN 55416	S R ANDERSEN & E PASTARR	RESIDENTIAL	$761,900	42 ft
3330 32ND ST W MINNEAPOLIS MN 55416	KATHRYN G FLORY	RESIDENTIAL	$735,000	86 ft
3332 32ND ST W MINNEAPOLIS MN 55416	DAVID JAMES REICH	RESIDENTIAL	$782,800	125 ft
3300 32ND ST W MINNEAPOLIS MN 55416	JOHN FAMILY LIVING TRUST	CONDO GARAGE/MISCELLANEOUS	$16,500	137 ft
3300 32ND ST W MINNEAPOLIS MN 55416	RICHARD M WIEN & GISELL WIEN	CONDO GARAGE/MISCELLANEOUS	$16,500	137 ft
3300 32ND ST W MINNEAPOLIS MN 55416	A E BHARUCHA/K ADIL BHARUCHA	CONDO GARAGE/MISCELLANEOUS	$16,500	137 ft
3300 32ND ST W MINNEAPOLIS MN 55416	D GARY SOYA & SUSAN D K SOYA	CONDO GARAGE/MISCELLANEOUS	$16,500	137 ft
3300 32ND ST W MINNEAPOLIS MN 55416	GLORIA JEAN PETERSON TRUST	CONDO GARAGE/MISCELLANEOUS	$16,500	137 ft
3300 32ND ST W MINNEAPOLIS MN 55416	JUDITH LOUISE JAFFEE REV TR	CONDO GARAGE/MISCELLANEOUS	$16,500	137 ft
3300 32ND ST W MINNEAPOLIS MN 55416	JUDITH LOUISE JAFFEE REV TR	CONDO GARAGE/MISCELLANEOUS	$16,500	137 ft

Property History

Most Recent Sale

Date202103

Price$640,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,417