3111 33RD AVE S MINNEAPOLIS MN 55406

PID: 0602823220048

Property Overview

Parcel ID0602823220048

Lot Size5,686 sq ft (0.131 ac)

Lot Dimensions (est.)142 ft wide × 40 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerA HOWARD & M KHAZAELI

Assessed Value$379,000

Land Value$132,000

Building Value$247,000

Annual Tax$5,867

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

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 width30 ft

Buildable depth102 ft

Area~3,064 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 3,064 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3115 33RD AVE S MINNEAPOLIS MN 55406	W D SHAHEEN & D W SHAHEEN	RESIDENTIAL	$278,600	40 ft
3109 33RD AVE S MINNEAPOLIS MN 55406	C DUBE & T DUBE	RESIDENTIAL-TWO UNIT	$533,000	40 ft
3117 33RD AVE S MINNEAPOLIS MN 55406	AMY K RADERMACHER	RESIDENTIAL	$314,500	80 ft
3105 33RD AVE S MINNEAPOLIS MN 55406	HOKAN	RESIDENTIAL	$353,500	80 ft
3121 33RD AVE S MINNEAPOLIS MN 55406	KELLI J JOHNSON	RESIDENTIAL	$335,200	122 ft
3301 31ST ST E MINNEAPOLIS MN 55406	LEICHT FAMILY TRUST	RESIDENTIAL-TWO UNIT	$480,900	125 ft
3108 34TH AVE S MINNEAPOLIS MN 55406	CHARLES DUBE & TAMMY DUBE	RESIDENTIAL	$352,300	156 ft
3112 34TH AVE S MINNEAPOLIS MN 55406	STANLEY J HATCHER	RESIDENTIAL	$342,000	156 ft
3127 33RD AVE S MINNEAPOLIS MN 55406	ASTRID I SMITH	RESIDENTIAL	$421,100	166 ft
3104 34TH AVE S MINNEAPOLIS MN 55406	M BAUER & Z C BAUER	RESIDENTIAL	$280,900	171 ft

Property History

Most Recent Sale

Date202206

Price$415,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,867