3311 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823230134

Property Overview

Parcel ID0602823230134

Lot Size8,870 sq ft (0.204 ac)

Lot Dimensions (est.)141 ft wide × 63 ft deep

Year Built1902

Property ClassRESIDENTIAL

OwnerJAMES J & JULIA L OCKULY

Assessed Value$345,100

Land Value$158,000

Building Value$187,100

Annual Tax$5,363

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2023 · $15K total declared value · Most recent: Feb 2026 (res)

ResFeb 2026Closed

Pronto Heating & Air Conditioning Inc

ExistresJan 2026Closed

Pronto Heating & Air Conditioning Inc

MiscSep 2023Closed

$15K

TEAM 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 width53 ft

Buildable depth101 ft

Area~5,347 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 5,347 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3317 32ND AVE S MINNEAPOLIS MN 55406	GUILLERMO & ELSA MARTINEZ	RESIDENTIAL	$320,700	53 ft
3305 32ND AVE S MINNEAPOLIS MN 55406	3305 LLC	RESIDENTIAL-TWO UNIT	$440,600	57 ft
3321 32ND AVE S MINNEAPOLIS MN 55406	MARTINEZ REVOCABLE TRUST	RESIDENTIAL	$405,800	94 ft
3203 33RD ST E MINNEAPOLIS MN 55406	MELISSA CLAWSON	RESIDENTIAL	$401,300	109 ft
3325 32ND AVE S MINNEAPOLIS MN 55406	JILL ANNE PETERSON	RESIDENTIAL-TWO UNIT	$387,100	136 ft
3312 33RD AVE S MINNEAPOLIS MN 55406	STEPHANIE CATTERLIN-COLWELL	RESIDENTIAL	$354,300	153 ft
3308 33RD AVE S MINNEAPOLIS MN 55406	E M O STROM & J M O STROM	RESIDENTIAL	$605,000	157 ft
3316 33RD AVE S MINNEAPOLIS MN 55406	K ROBERTS/M LONGLEY	RESIDENTIAL	$413,300	161 ft
3304 33RD AVE S MINNEAPOLIS MN 55406	C A & M J OPATRNY	RESIDENTIAL	$248,600	170 ft
3329 32ND AVE S MINNEAPOLIS MN 55406	B L MEBUST & K A S MEBUST	RESIDENTIAL	$296,000	178 ft

Property History

Most Recent Sale

Date199305

Price$62,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,363