3428 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823320149

Property Overview

Parcel ID0602823320149

Lot Size5,896 sq ft (0.135 ac)

Lot Dimensions (est.)140 ft wide × 42 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerALISON KLEPPIN

Assessed Value$334,100

Land Value$134,000

Building Value$200,100

Annual Tax$4,940

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2018 · $192K total declared value · Most recent: Aug 2024 (misc)

MiscAug 2024Closed

$54K

ALL AROUND PROPERTY PRESERVATION

MiscJul 2024Closed

$20K

ALL AROUND PROPERTY PRESERVATION

RemodelFeb 2024Closed

$23K

AMERICAN WATERWORKS

MiscOct 2023Closed

$8K

WINDOW CONCEPTS OF MINNESOTA INC

RemodelFeb 2023Closed

$32K

AMERICAN WATERWORKS

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 width32 ft

Buildable depth100 ft

Area~3,211 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 3,211 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
3424 32ND AVE S MINNEAPOLIS MN 55406	L E BALL & W A SCHWARTZ	RESIDENTIAL	$378,700	42 ft
3432 32ND AVE S MINNEAPOLIS MN 55406	MARK H KRANZ/KIMBERLY S HILL	RESIDENTIAL	$268,900	42 ft
3420 32ND AVE S MINNEAPOLIS MN 55406	G & D COONS	RESIDENTIAL	$332,100	84 ft
3436 32ND AVE S MINNEAPOLIS MN 55406	H VANT'HOF & J SANDERS	RESIDENTIAL	$439,200	84 ft
3416 32ND AVE S MINNEAPOLIS MN 55406	D R BERG & S M MESSEROLE	RESIDENTIAL	$340,100	126 ft
3440 32ND AVE S MINNEAPOLIS MN 55406	REBECCA LAKE/MOLLY MAGUIRE	RESIDENTIAL	$322,000	126 ft
3429 31ST AVE S MINNEAPOLIS MN 55406	E OFORI-AMANFO & L BEGGS	RESIDENTIAL	$355,800	154 ft
3425 31ST AVE S MINNEAPOLIS MN 55406	J OLBEKSON & P SAFFORD-HILL	RESIDENTIAL	$307,900	159 ft
3433 31ST AVE S MINNEAPOLIS MN 55406	JESSICA MASSMANN	RESIDENTIAL	$365,300	161 ft
3412 32ND AVE S MINNEAPOLIS MN 55406	DELORES J SCHUDA REV TRUST	RESIDENTIAL	$321,100	168 ft

Property History

Most Recent Sale

Date202603

Price$450,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,940