3453 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823320127

Property Overview

Parcel ID0602823320127

Lot Size4,882 sq ft (0.112 ac)

Lot Dimensions (est.)106 ft wide × 46 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerGUNNAR OLSON & MEGAN SATHER

Assessed Value$310,300

Land Value$123,000

Building Value$187,300

Annual Tax$4,542

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $8K total declared value · Most recent: Feb 2025 (remodel)

RemodelFeb 2025Closed

$8K

Load Bearing Wall Company

ExistresFeb 2025Closed

K & S Heating Air Conditioning & Plumbing Inc

ResJan 2025Expired

Hurlburt Heating & 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 width93 ft

Buildable depth6 ft

Area~2,179 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 2,179 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3449 32ND AVE S MINNEAPOLIS MN 55406	JAIME A HERNANDEZ HERRARTE	RESIDENTIAL	$267,100	48 ft
3210 35TH ST E MINNEAPOLIS MN 55406	ANNE SUPPLEE	RESIDENTIAL	$165,700	70 ft
3445 32ND AVE S MINNEAPOLIS MN 55406	JENNA MCDOUGALL	RESIDENTIAL	$270,200	88 ft
3501 32ND AVE S MINNEAPOLIS MN 55406	SHIBIS PROPERTIES LLC	RESIDENTIAL	$283,400	106 ft
3441 32ND AVE S MINNEAPOLIS MN 55406	VICTORIA H SHROVER	RESIDENTIAL-TWO UNIT	$356,900	129 ft
3507 32ND AVE S MINNEAPOLIS MN 55406	CHARLEY JAMES TOUSEY	RESIDENTIAL	$260,400	148 ft
3454 33RD AVE S MINNEAPOLIS MN 55406	CHRISTOPHER JOSEPH IVERSON	TRIPLEX	$527,800	171 ft
3437 32ND AVE S MINNEAPOLIS MN 55406	M A WILLIAMS & J M WILLIAMS	RESIDENTIAL	$332,500	171 ft
3448 33RD AVE S MINNEAPOLIS MN 55406	LAURA D'ANDREA	RESIDENTIAL	$323,600	178 ft
3452 32ND AVE S MINNEAPOLIS MN 55406	MAXWELL D WICZEK	RESIDENTIAL	$268,600	182 ft

Property History

Most Recent Sale

Date202010

Price$304,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,542