3335 32ND ST W MINNEAPOLIS MN 55416

PID: 0502824240002

Property Overview

Parcel ID0502824240002

Lot Size5,585 sq ft (0.128 ac)

Lot Dimensions (est.)60 ft wide × 92 ft deep

Year Built1955

Property ClassRESIDENTIAL

OwnerK R THOMPSON & M A TAFFE

Assessed Value$617,100

Land Value$380,000

Building Value$237,100

Annual Tax$9,926

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2005 · $110K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$20K

SELA ROOFING AND REMODELING INC

ResJan 2022Closed

Norblom Plumbing Co

ExistresJan 2022Closed

Standard Heating and Air Conditioning Inc

ExistresAug 2019Closed

Standard Heating and Air Conditioning Inc

Building Re-inspectionJan 2005

$90K

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 width50 ft

Buildable depth53 ft

Area~2,657 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 2,657 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3201 ZENITH AVE S MINNEAPOLIS MN 55416	MARGRET FORNEY REV LIV TRUST	RESIDENTIAL	$539,800	58 ft
3331 32ND ST W MINNEAPOLIS MN 55416	ERDOGAN AKGUC/YILDIZ AKGUC	RESIDENTIAL	$526,900	60 ft
3346 IVY LA MINNEAPOLIS MN 55416	ANGELA S LILLEHEI	RESIDENTIAL	$672,000	93 ft
3334 IVY LA MINNEAPOLIS MN 55416	STEPHANIE STUART	RESIDENTIAL	$485,000	96 ft
3325 32ND ST W MINNEAPOLIS MN 55416	WILLIAM M MEYER ET AL	RESIDENTIAL	$682,500	115 ft
3330 IVY LA MINNEAPOLIS MN 55416	VICTORIA S GILMER LIVING TR	RESIDENTIAL	$413,700	118 ft
3326 IVY LA MINNEAPOLIS MN 55416	ROSEMARY JANE LUNDELL	RESIDENTIAL	$500,300	148 ft
3326 32ND ST W MINNEAPOLIS MN 55416	S R ANDERSEN & E PASTARR	RESIDENTIAL	$761,900	157 ft
3323 32ND ST W MINNEAPOLIS MN 55416	D E CHASE & T G KUNIN	RESIDENTIAL	$490,700	160 ft
3330 32ND ST W MINNEAPOLIS MN 55416	KATHRYN G FLORY	RESIDENTIAL	$735,000	169 ft

Property History

Most Recent Sale

Date201203

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,926