3316 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823230141

Property Overview

Parcel ID0602823230141

Lot Size5,946 sq ft (0.137 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerMICHELLE ELLIOTT

Assessed Value$378,700

Land Value$134,000

Building Value$244,700

Annual Tax$5,687

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2018 · $42K total declared value · Most recent: Mar 2025 (remodel)

RemodelMar 2025Closed

$18K

High Reach Handyman LLC

ResFeb 2025Closed

Norblom Plumbing Co

RemodelMar 2024Closed

$3K

AMERICAN WATERWORKS

MiscJul 2023Closed

$4K

Minnesota Chimney Corporation Saxton Air Duct Cleaning

ResOct 2019Closed

Adam's On-Time Plumbing & Water Heaters 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 depth102 ft

Area~3,250 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 3,250 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3312 32ND AVE S MINNEAPOLIS MN 55406	G R GUSTAFSON/S R GUSTAFSON	RESIDENTIAL	$394,300	42 ft
3320 32ND AVE S MINNEAPOLIS MN 55406	L L DOLLINGER/M A DOLLINGER	RESIDENTIAL	$310,600	42 ft
3308 32ND AVE S MINNEAPOLIS MN 55406	DANIELLE J SCHATSCHNEIDER	RESIDENTIAL	$385,800	84 ft
3324 32ND AVE S MINNEAPOLIS MN 55406	EAGLE SHORES HOSPITALITY INC	RESIDENTIAL	$325,300	84 ft
3328 32ND AVE S MINNEAPOLIS MN 55406	KATHERINE L GUNDERSON	RESIDENTIAL	$323,900	126 ft
3117 33RD ST E MINNEAPOLIS MN 55406	J ROBERTS & B PECOR	RESIDENTIAL	$295,500	151 ft
3123 33RD ST E MINNEAPOLIS MN 55406	C M PASCOE & C J MERINO	RESIDENTIAL	$358,800	151 ft
3317 31ST AVE S MINNEAPOLIS MN 55406	MARY A HENDERSON	RESIDENTIAL	$360,000	153 ft
3321 31ST AVE S MINNEAPOLIS MN 55406	MARK JEFFREY SPITZACK	RESIDENTIAL	$291,500	159 ft
3315 31ST AVE S MINNEAPOLIS MN 55406	J E GODIN/T J ROSADO ET AL	RESIDENTIAL	$365,000	159 ft

Property History

Most Recent Sale

Date202010

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,687