3500 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823320079

Property Overview

Parcel ID0602823320079

Lot Size5,615 sq ft (0.129 ac)

Lot Dimensions (est.)140 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerN M LUNDHEIM & B L KRESSEL

Assessed Value$372,900

Land Value$121,000

Building Value$251,900

Annual Tax$5,590

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · Most recent: Aug 2024 (res)

ResAug 2024Closed

Barr Web Industries Inc

ResMar 2024Expired

Nicole Lundheim

ResDec 2020Closed

MN Plumbing & Home Services INC

ResAug 2020Closed

Cherry Plumbing

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width127 ft

Buildable depth0 ft

Area~2,710 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,710 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
3504 32ND AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	40 ft
3508 32ND AVE S MINNEAPOLIS MN 55406	BARBARA ANN MOBERG	RESIDENTIAL	$280,500	80 ft
3452 32ND AVE S MINNEAPOLIS MN 55406	MAXWELL D WICZEK	RESIDENTIAL	$268,600	103 ft
3512 32ND AVE S MINNEAPOLIS MN 55406	ALLISON E DIBBLE	RESIDENTIAL	$274,100	120 ft
3448 32ND AVE S MINNEAPOLIS MN 55406	ALICIA P KIECHLE	RESIDENTIAL	$310,300	146 ft
3501 31ST AVE S MINNEAPOLIS MN 55406	3501 31ST AVE S LLC	RESIDENTIAL-TWO UNIT	$374,300	154 ft
3505 31ST AVE S MINNEAPOLIS MN 55406	JASON SCHWEER/ALICIA WELLNER	RESIDENTIAL	$336,100	159 ft
3516 32ND AVE S MINNEAPOLIS MN 55406	RICHARD L HAGBERG	RESIDENTIAL	$227,500	160 ft
3509 31ST AVE S MINNEAPOLIS MN 55406	DUANE SCOTT BAARDSON	RESIDENTIAL	$368,100	174 ft
3453 31ST AVE S MINNEAPOLIS MN 55406	KYLE BACHMAYER	RESIDENTIAL	$329,600	184 ft

Property History

Most Recent Sale

Date202009

Price$355,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,590