3125 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823220149

Property Overview

Parcel ID0602823220149

Lot Size5,627 sq ft (0.129 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerDAVID D & SHERRY L ROE

Assessed Value$326,700

Land Value$132,000

Building Value$194,700

Annual Tax$4,817

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 2023 · $18K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$14K

ASPEN EXTERIORS INC

ResJul 2023Closed

CenterPoint Energy Resource Corp

MiscJun 2023Closed

$2K

David Roe

MiscJun 2023Closed

$3K

David Roe

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~3,020 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 3,020 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
3129 32ND AVE S MINNEAPOLIS MN 55406	JONATHAN A BRUNS	RESIDENTIAL-TWO UNIT	$423,500	40 ft
3121 32ND AVE S MINNEAPOLIS MN 55406	KELLY KOHLBACHER	RESIDENTIAL	$305,300	40 ft
3133 32ND AVE S MINNEAPOLIS MN 55406	ADAM R OLIANSKY ET AL	RESIDENTIAL	$341,900	80 ft
3117 32ND AVE S MINNEAPOLIS MN 55406	CANDICE MAELISHA SCHNEIDER	RESIDENTIAL	$446,600	80 ft
3137 32ND AVE S MINNEAPOLIS MN 55406	CITY OF LAKES COMM LAND TR	—	$348,600	120 ft
3115 32ND AVE S MINNEAPOLIS MN 55406	ROBERT C FARLEE ET AL	RESIDENTIAL	$376,400	120 ft
3124 33RD AVE S MINNEAPOLIS MN 55406	JAMES MIERNICKI	RESIDENTIAL	$367,000	154 ft
3118 33RD AVE S MINNEAPOLIS MN 55406	JOYCE L BOWERS	RESIDENTIAL	$320,000	158 ft
3128 33RD AVE S MINNEAPOLIS MN 55406	L THIBOUTOT & D HECHT	RESIDENTIAL	$337,000	159 ft
3141 32ND AVE S MINNEAPOLIS MN 55406	N BEDERA & C D EICHINGER	RESIDENTIAL	$445,500	160 ft

Property History

Most Recent Sale

Date200304

Price$213,700

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,817