3124 34TH AVE S MINNEAPOLIS MN 55406

PID: 0602823220053

Property Overview

Parcel ID0602823220053

Lot Size6,376 sq ft (0.146 ac)

Lot Dimensions (est.)142 ft wide × 45 ft deep

Year Built1952

Property ClassRESIDENTIAL

OwnerMARY J HELGET

Assessed Value$319,700

Land Value$139,000

Building Value$180,700

Annual Tax$4,699

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 · $14K total declared value · Most recent: Dec 2023 (misc)

MiscDec 2023Closed

$3K

ARKO EXTERIORS INC

MiscNov 2023Closed

$12K

ARKO EXTERIORS 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 width35 ft

Buildable depth102 ft

Area~3,559 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 3,559 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
3120 34TH AVE S MINNEAPOLIS MN 55406	KADY HEXUM	RESIDENTIAL	$469,000	45 ft
3130 34TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	45 ft
3136 34TH AVE S MINNEAPOLIS MN 55406	VAN LE & NICOLE LE	RESIDENTIAL	$277,500	90 ft
3116 34TH AVE S MINNEAPOLIS MN 55406	R L GREV & T E FERGUSON	RESIDENTIAL	$378,600	91 ft
3140 34TH AVE S MINNEAPOLIS MN 55406	CURTIS PEARSON/CARY PEARSON	RESIDENTIAL-TWO UNIT	$373,100	135 ft
3112 34TH AVE S MINNEAPOLIS MN 55406	STANLEY J HATCHER	RESIDENTIAL	$342,000	141 ft
3127 33RD AVE S MINNEAPOLIS MN 55406	ASTRID I SMITH	RESIDENTIAL	$421,100	154 ft
3129 33RD AVE S MINNEAPOLIS MN 55406	DIANA P ADAMSON	RESIDENTIAL	$275,000	160 ft
3121 33RD AVE S MINNEAPOLIS MN 55406	KELLI J JOHNSON	RESIDENTIAL	$335,200	160 ft
3117 33RD AVE S MINNEAPOLIS MN 55406	AMY K RADERMACHER	RESIDENTIAL	$314,500	176 ft

Property History

Most Recent Sale

Date198902

Price$69,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,699