3116 34TH AVE S MINNEAPOLIS MN 55406

PID: 0602823220045

Property Overview

Parcel ID0602823220045

Lot Size7,090 sq ft (0.163 ac)

Lot Dimensions (est.)142 ft wide × 50 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerR L GREV & T E FERGUSON

Assessed Value$378,600

Land Value$145,000

Building Value$233,600

Annual Tax$5,685

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

3 permits on record since 2023 · $4K total declared value · Most recent: Oct 2025 (misc)

MiscOct 2025Closed

$4K

Holmlund Masonry Inc

ResNov 2023Closed

Urban Pine Plumbing and Mechanical Inc

ResApr 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Longfellow · Minneapolis

Median reported rent1,037/mo

Renter-occupied58.5%

Median home value$302K

Vacancy rate13.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1088

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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 width40 ft

Buildable depth102 ft

Area~4,072 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 4,072 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3120 34TH AVE S MINNEAPOLIS MN 55406	KADY HEXUM	RESIDENTIAL	$469,000	47 ft
3112 34TH AVE S MINNEAPOLIS MN 55406	STANLEY J HATCHER	RESIDENTIAL	$342,000	50 ft
3124 34TH AVE S MINNEAPOLIS MN 55406	MARY J HELGET	RESIDENTIAL	$319,700	91 ft
3108 34TH AVE S MINNEAPOLIS MN 55406	CHARLES DUBE & TAMMY DUBE	RESIDENTIAL	$352,300	100 ft
3130 34TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	136 ft
3104 34TH AVE S MINNEAPOLIS MN 55406	M BAUER & Z C BAUER	RESIDENTIAL	$280,900	150 ft
3117 33RD AVE S MINNEAPOLIS MN 55406	AMY K RADERMACHER	RESIDENTIAL	$314,500	154 ft
3115 33RD AVE S MINNEAPOLIS MN 55406	W D SHAHEEN & D W SHAHEEN	RESIDENTIAL	$278,600	158 ft
3121 33RD AVE S MINNEAPOLIS MN 55406	KELLI J JOHNSON	RESIDENTIAL	$335,200	161 ft
3111 33RD AVE S MINNEAPOLIS MN 55406	A HOWARD & M KHAZAELI	RESIDENTIAL	$379,000	171 ft

Property History

Most Recent Sale

Date199007

Price$81,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,685