3140 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823220112

Property Overview

Parcel ID0602823220112

Lot Size5,620 sq ft (0.129 ac)

Lot Dimensions (est.)140 ft wide × 40 ft deep

Year Built1918

Property ClassRESIDENTIAL

OwnerSAMUEL JAMES FINKELSON

Assessed Value$277,000

Land Value$132,000

Building Value$145,000

Annual Tax$3,985

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

4 permits on record since 2018 · $36K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$15K

WALKER ROOFING CO

RemodelApr 2024Closed

$15K

BRAD SCOTT CONSTRUCTION

ResApr 2023Closed

CenterPoint Energy Resource Corp

MiscJun 2018Closed

$7K

KAROW CONTRACTING INC

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 width30 ft

Buildable depth101 ft

Area~3,015 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 3,015 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
3136 32ND AVE S MINNEAPOLIS MN 55406	NATHAN R MITCHELL	RESIDENTIAL	$308,000	40 ft
3144 32ND AVE S MINNEAPOLIS MN 55406	C KNOX & E L D LANGLAND	RESIDENTIAL	$386,700	40 ft
3132 32ND AVE S MINNEAPOLIS MN 55406	MATTHEW D NELSON	RESIDENTIAL	$475,100	80 ft
3148 32ND AVE S MINNEAPOLIS MN 55406	ELIZABETH ANN RHODES MILLER	RESIDENTIAL	$291,100	80 ft
3128 32ND AVE S MINNEAPOLIS MN 55406	PHILIP CHEN/SOURIYNO D CHEN	RESIDENTIAL-TWO UNIT	$407,800	120 ft
3152 32ND AVE S MINNEAPOLIS MN 55406	J E NIXON & M D GUNELSON	RESIDENTIAL	$345,800	120 ft
3141 31ST AVE S MINNEAPOLIS MN 55406	R K STAHLBERG/B STAHLBERG	RESIDENTIAL-TWO UNIT	$415,300	154 ft
3137 31ST AVE S MINNEAPOLIS MN 55406	M L SMITH & C L HEPOLA	RESIDENTIAL	$282,000	159 ft
3124 32ND AVE S MINNEAPOLIS MN 55406	P J URBAN & R M SORAOKA	RESIDENTIAL	$348,300	160 ft
3158 32ND AVE S MINNEAPOLIS MN 55406	JAMES W CURRAN & JEAN CURRAN	RESIDENTIAL	$408,300	160 ft

Property History

Most Recent Sale

Date202102

Price$245,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,985