3332 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823230145

Property Overview

Parcel ID0602823230145

Lot Size5,945 sq ft (0.136 ac)

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

Year Built1914

Property ClassRESIDENTIAL

OwnerC CAGEMOE AND C CAGEMOE

Assessed Value$281,000

Land Value$134,000

Building Value$147,000

Annual Tax$4,350

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $24K total declared value · Most recent: Feb 2026 (res)

ResFeb 2026Closed

Master Plumbing Services LLC

ExistresFeb 2026Closed

Perfection Heating and Air Conditioning Inc

ResApr 2023Closed

CenterPoint Energy Resource Corp

MiscSep 2021Closed

$24K

RENEWAL BY ANDERSEN 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 depth102 ft

Area~3,249 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 3,249 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
3328 32ND AVE S MINNEAPOLIS MN 55406	KATHERINE L GUNDERSON	RESIDENTIAL	$323,900	42 ft
3336 32ND AVE S MINNEAPOLIS MN 55406	D J HARTMAN & D SOWERS	RESIDENTIAL	$304,100	42 ft
3324 32ND AVE S MINNEAPOLIS MN 55406	EAGLE SHORES HOSPITALITY INC	RESIDENTIAL	$325,300	84 ft
3340 32ND AVE S MINNEAPOLIS MN 55406	ALEX SON	RESIDENTIAL	$355,000	84 ft
3320 32ND AVE S MINNEAPOLIS MN 55406	L L DOLLINGER/M A DOLLINGER	RESIDENTIAL	$310,600	126 ft
3344 32ND AVE S MINNEAPOLIS MN 55406	DEBBIE A MICKELSON	RESIDENTIAL	$322,000	126 ft
3333 31ST AVE S MINNEAPOLIS MN 55406	KARA J BUCHANAN TRUST ET AL	RESIDENTIAL	$271,000	153 ft
3329 31ST AVE S MINNEAPOLIS MN 55406	SUSAN R BLACKSTONE	RESIDENTIAL	$328,700	158 ft
3337 31ST AVE S MINNEAPOLIS MN 55406	M A BREKHUS & M A BREKHUS	RESIDENTIAL	$310,600	159 ft
3316 32ND AVE S MINNEAPOLIS MN 55406	MICHELLE ELLIOTT	RESIDENTIAL	$378,700	168 ft

Property History

Most Recent Sale

Date199307

Price$61,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,350