3248 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823230013

Property Overview

Parcel ID0602823230013

Lot Size5,389 sq ft (0.124 ac)

Lot Dimensions (est.)141 ft wide × 38 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerJANNA LUIZA L MORRIS

Assessed Value$300,000

Land Value$129,000

Building Value$171,000

Annual Tax$4,370

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $53K total declared value · Most recent: Aug 2025 (res)

ResAug 2025Final Inspection

Vector Services LLC

ExistresAug 2025Closed

Vector Services LLC

MiscOct 2023Closed

$46K

First Choice Builds

ResApr 2023Closed

CenterPoint Energy Resource Corp

MiscJan 2017Closed

$7K

SAM TACHENY ENTERPRISES LLC

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 width32 ft

Buildable depth88 ft

Area~2,692 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 2,692 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3244 32ND AVE S MINNEAPOLIS MN 55406	DEBRA L MCKINLEY	RESIDENTIAL	$362,800	41 ft
3252 32ND AVE S MINNEAPOLIS MN 55406	ANH G V TONG & MEGAN A TONG	RESIDENTIAL	$283,000	48 ft
3112 33RD ST E MINNEAPOLIS MN 55406	JOSHUA CAIN/JILL LIPSKI CAIN	RESIDENTIAL	$221,100	60 ft
3240 32ND AVE S MINNEAPOLIS MN 55406	SCHWESER LIVING TRUST	RESIDENTIAL	$364,700	83 ft
3236 32ND AVE S MINNEAPOLIS MN 55406	JOHN D MANLEY	RESIDENTIAL	$275,200	124 ft
3249 31ST AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	158 ft
3245 31ST AVE S MINNEAPOLIS MN 55406	HELEN LOU LARSON TOFTE	RESIDENTIAL	$339,600	163 ft
3253 31ST AVE S MINNEAPOLIS MN 55406	AMELIA LINDSEY/ERIC A SMITH	RESIDENTIAL	$348,800	164 ft
3232 32ND AVE S MINNEAPOLIS MN 55406	M J OLSON & J M REGNIER	RESIDENTIAL	$370,100	166 ft
3123 33RD ST E MINNEAPOLIS MN 55406	C M PASCOE & C J MERINO	RESIDENTIAL	$358,800	172 ft

Property History

Most Recent Sale

Date201701

Price$232,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,370