3424 34TH AVE S MINNEAPOLIS MN 55406

PID: 0602823320018

Property Overview

Parcel ID0602823320018

Lot Size5,842 sq ft (0.134 ac)

Lot Dimensions (est.)146 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerERIC W FOLEY

Assessed Value$275,300

Land Value$133,000

Building Value$142,300

Annual Tax$3,956

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $9K total declared value · Most recent: Jan 2025 (existres)

ExistresJan 2025Closed

Vector Services LLC

ExistresApr 2024Closed

Standard Heating and Air Conditioning Inc

MiscSep 2023Closed

$9K

First Choice Builds

ResFeb 2020Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Howe · 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 width30 ft

Buildable depth106 ft

Area~3,181 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 3,181 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
3422 34TH AVE S MINNEAPOLIS MN 55406	NATHAN HUGHES/ELLEN DOUVILLE	RESIDENTIAL	$399,900	40 ft
3426 34TH AVE S MINNEAPOLIS MN 55406	C A ARMAO & J A LARRICK	RESIDENTIAL	$293,000	40 ft
3412 34TH AVE S MINNEAPOLIS MN 55406	J STAHL & K MCKENZIE	RESIDENTIAL	$390,800	78 ft
3428 34TH AVE S MINNEAPOLIS MN 55406	MARK POLIKS/BARBARA POLIKS	RESIDENTIAL	$321,300	80 ft
3432 34TH AVE S MINNEAPOLIS MN 55406	CAROL A FALK	RESIDENTIAL	$289,700	120 ft
3410 34TH AVE S MINNEAPOLIS MN 55406	JACQUELYN R PETERS	RESIDENTIAL	$269,100	133 ft
3421 33RD AVE S MINNEAPOLIS MN 55406	J R ROBINSON & J M SAUBER	RESIDENTIAL	$608,000	154 ft
3417 33RD AVE S MINNEAPOLIS MN 55406	S SEEMANN & P K SHRIVER	RESIDENTIAL	$326,500	160 ft
3425 33RD AVE S MINNEAPOLIS MN 55406	P P CANTRELL & S P WHITNEY	RESIDENTIAL	$332,900	160 ft
3436 34TH AVE S MINNEAPOLIS MN 55406	KAREN J CAMPBELL	RESIDENTIAL	$305,400	160 ft

Property History

Most Recent Sale

Date201302

Price$138,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,956