3329 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823230130

Property Overview

Parcel ID0602823230130

Lot Size5,912 sq ft (0.136 ac)

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

Year Built1903

Property ClassRESIDENTIAL

OwnerB L MEBUST & K A S MEBUST

Assessed Value$296,000

Land Value$135,000

Building Value$161,000

Annual Tax$4,303

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2023 · $32K total declared value · Most recent: Jan 2025 (remodel)

RemodelJan 2025Closed

$15K

Queblo Construct, LLC

MiscJul 2024Closed

$17K

LIBERTE CONSTRUCTION LLC

ResApr 2023Closed

CenterPoint Energy Resource Corp

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~3,226 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 3,226 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
3333 32ND AVE S MINNEAPOLIS MN 55406	R B WESTLUND & N L WESTLUND	RESIDENTIAL	$289,500	42 ft
3325 32ND AVE S MINNEAPOLIS MN 55406	JILL ANNE PETERSON	RESIDENTIAL-TWO UNIT	$387,100	42 ft
3337 32ND AVE S MINNEAPOLIS MN 55406	BARBARA A ROTHSCHADL LIV TR	RESIDENTIAL	$357,100	84 ft
3321 32ND AVE S MINNEAPOLIS MN 55406	MARTINEZ REVOCABLE TRUST	RESIDENTIAL	$405,800	84 ft
3341 32ND AVE S MINNEAPOLIS MN 55406	C CAGEMOE & C CAGEMOE	RESIDENTIAL-TWO UNIT	$361,600	125 ft
3317 32ND AVE S MINNEAPOLIS MN 55406	GUILLERMO & ELSA MARTINEZ	RESIDENTIAL	$320,700	125 ft
3328 33RD AVE S MINNEAPOLIS MN 55406	R R & A C HARVEY/E A HARVEY	RESIDENTIAL	$328,000	153 ft
3332 33RD AVE S MINNEAPOLIS MN 55406	ANN MARTIN AND JACOB WALSH	RESIDENTIAL	$351,500	158 ft
3324 33RD AVE S MINNEAPOLIS MN 55406	DAVID K KRONMILLER ET AL	RESIDENTIAL-TWO UNIT	$449,700	159 ft
3345 32ND AVE S MINNEAPOLIS MN 55406	S J BENSON & K E BENSON	RESIDENTIAL	$338,800	167 ft

Property History

Most Recent Sale

Date198705

Price$67,700

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,303