3137 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823220146

Property Overview

Parcel ID0602823220146

Lot Size5,628 sq ft (0.129 ac)

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

Year Built1913

Property Class—

OwnerCITY OF LAKES COMM LAND TR

Assessed Value$348,600

Land Value$132,000

Building Value$216,600

Annual Tax$3,639

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

6 permits on record since 2018 · $4K total declared value · Most recent: Aug 2025 (existres)

ExistresAug 2025Closed

Charity Heating and Cooling Services

ExistresApr 2025Closed

Total HVAC Solutions LLC

ResJun 2024Closed

DEN-MARK PLUMBING INC

ResApr 2023Closed

CenterPoint Energy Resource Corp

AdditionSep 2019Closed

$4K

Homepro handyman

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~3,021 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 3,021 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
3141 32ND AVE S MINNEAPOLIS MN 55406	N BEDERA & C D EICHINGER	RESIDENTIAL	$445,500	40 ft
3133 32ND AVE S MINNEAPOLIS MN 55406	ADAM R OLIANSKY ET AL	RESIDENTIAL	$341,900	40 ft
3145 32ND AVE S MINNEAPOLIS MN 55406	P A MAXWELL & K M MAXWELL	RESIDENTIAL	$306,200	80 ft
3129 32ND AVE S MINNEAPOLIS MN 55406	JONATHAN A BRUNS	RESIDENTIAL-TWO UNIT	$423,500	80 ft
3149 32ND AVE S MINNEAPOLIS MN 55406	STEVEN J BACH & WIFE	RESIDENTIAL	$283,500	120 ft
3125 32ND AVE S MINNEAPOLIS MN 55406	DAVID D & SHERRY L ROE	RESIDENTIAL	$326,700	120 ft
3136 33RD AVE S MINNEAPOLIS MN 55406	J & B BUEHLER	RESIDENTIAL	$207,000	154 ft
3132 33RD AVE S MINNEAPOLIS MN 55406	EVAN IIJIMA	RESIDENTIAL	$333,300	159 ft
3138 33RD AVE S MINNEAPOLIS MN 55406	J L FAGERSTROM & F C STROM	RESIDENTIAL	$411,700	160 ft
3153 32ND AVE S MINNEAPOLIS MN 55406	NIYAZ METHRATH	RESIDENTIAL	$353,900	160 ft

Property History

Most Recent Sale

Date199807

Price$94,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,639