3237 33RD AVE S MINNEAPOLIS MN 55406

PID: 0602823230071

Property Overview

Parcel ID0602823230071

Lot Size5,912 sq ft (0.136 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerT WEGNER & S SCHOOLCRAFT

Assessed Value$381,900

Land Value$135,000

Building Value$246,900

Annual Tax$5,741

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2017 · $73K total declared value · Most recent: Feb 2025 (misc)

MiscFeb 2025Closed

$28K

RENEWAL BY ANDERSEN CORP

MiscApr 2024Closed

$23K

WRIGHT AT HOME SERVICES INC

ResApr 2023Closed

CenterPoint Energy Resource Corp

ExistresMay 2020Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

RemodelMay 2020Closed

$22K

CASTLE BUILDING & REMODELING 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 width32 ft

Buildable depth101 ft

Area~3,225 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 3,225 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
3241 33RD AVE S MINNEAPOLIS MN 55406	D GIBSON & A C BLATTI	RESIDENTIAL	$277,000	42 ft
3233 33RD AVE S MINNEAPOLIS MN 55406	DAVID STINLEY	RESIDENTIAL	$234,100	42 ft
3245 33RD AVE S MINNEAPOLIS MN 55406	C LESMEISTER & D LESMESITER	RESIDENTIAL	$526,200	84 ft
3229 33RD AVE S MINNEAPOLIS MN 55406	LAURA NEWMAN/MICHAEL NEWMAN	RESIDENTIAL	$341,600	84 ft
3249 33RD AVE S MINNEAPOLIS MN 55406	KATIE L SCHAAF TRUST	RESIDENTIAL	$443,700	125 ft
3225 33RD AVE S MINNEAPOLIS MN 55406	DENNIS D HELMSTETTER ETAL	RESIDENTIAL	$281,000	125 ft
3244 34TH AVE S MINNEAPOLIS MN 55406	CHRIST CHURCH LUTH MPLS MN	COMMERCIAL-PREFERRED	$0	165 ft
3253 33RD AVE S MINNEAPOLIS MN 55406	E N SATHER & T SATHER	RESIDENTIAL	$381,400	167 ft
3221 33RD AVE S MINNEAPOLIS MN 55406	WARREN D HANSON ETAL	RESIDENTIAL	$281,800	167 ft
3228 34TH AVE S MINNEAPOLIS MN 55406	K A ANDERSON & S M KANE	RESIDENTIAL	$328,000	175 ft

Property History

Most Recent Sale

Date202410

Price$432,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,741