3224 34TH AVE S MINNEAPOLIS MN 55406

PID: 0602823230064

Property Overview

Parcel ID0602823230064

Lot Size5,905 sq ft (0.136 ac)

Lot Dimensions (est.)141 ft wide × 42 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerK L NYGAARD & A TRAN

Assessed Value$367,500

Land Value$135,000

Building Value$232,500

Annual Tax$5,500

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $41K total declared value · Most recent: Mar 2025 (remodel)

RemodelMar 2025Expired

$3K

HOFFMAN WEBER CONSTRUCTION INC

MiscOct 2024Closed

$17K

ALL AROUND PROPERTY PRESERVATION

ResApr 2023Closed

CenterPoint Energy Resource Corp

ResJul 2019Closed

Gust Plumbing Inc

RemodelApr 2019Closed

$17K

Kayne K Schwarz

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 depth101 ft

Area~3,220 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 3,220 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3220 34TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	42 ft
3228 34TH AVE S MINNEAPOLIS MN 55406	K A ANDERSON & S M KANE	RESIDENTIAL	$328,000	42 ft
3216 34TH AVE S MINNEAPOLIS MN 55406	LAURIE E BARR	RESIDENTIAL	$312,300	83 ft
3212 34TH AVE S MINNEAPOLIS MN 55406	KEENAN E WICKS-BROWN ET AL	RESIDENTIAL	$351,200	125 ft
3225 33RD AVE S MINNEAPOLIS MN 55406	DENNIS D HELMSTETTER ETAL	RESIDENTIAL	$281,000	153 ft
3229 33RD AVE S MINNEAPOLIS MN 55406	LAURA NEWMAN/MICHAEL NEWMAN	RESIDENTIAL	$341,600	159 ft
3221 33RD AVE S MINNEAPOLIS MN 55406	WARREN D HANSON ETAL	RESIDENTIAL	$281,800	159 ft
3208 34TH AVE S MINNEAPOLIS MN 55406	C W BEILE & L K HAMPTON	RESIDENTIAL	$338,300	167 ft
3217 33RD AVE S MINNEAPOLIS MN 55406	R A VOORHIES & S M VOORHIES	RESIDENTIAL	$403,300	174 ft
3233 33RD AVE S MINNEAPOLIS MN 55406	DAVID STINLEY	RESIDENTIAL	$234,100	175 ft

Property History

Most Recent Sale

Date202501

Price$420,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,500