3448 32ND AVE S MINNEAPOLIS MN 55406

PID: 0602823320154

Property Overview

Parcel ID0602823320154

Lot Size5,903 sq ft (0.136 ac)

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

Year Built1911

Property ClassRESIDENTIAL

OwnerALICIA P KIECHLE

Assessed Value$310,300

Land Value$135,000

Building Value$175,300

Annual Tax$4,542

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $11K total declared value · Most recent: May 2020 (misc)

MiscMay 2020Closed

$7K

Metro Roofing And Remodeling LLC

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResDec 2019Closed

Urban Pine Plumbing and Mechanical Inc

MiscMay 2019Closed

$3K

WALKER ROOFING CO

ResNov 2018Closed

MN PLUMBING AND APPLIANCES

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 depth101 ft

Area~3,217 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 3,217 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
3444 32ND AVE S MINNEAPOLIS MN 55406	BRIAN F WALTERS	RESIDENTIAL	$314,800	42 ft
3452 32ND AVE S MINNEAPOLIS MN 55406	MAXWELL D WICZEK	RESIDENTIAL	$268,600	43 ft
3440 32ND AVE S MINNEAPOLIS MN 55406	REBECCA LAKE/MOLLY MAGUIRE	RESIDENTIAL	$322,000	84 ft
3436 32ND AVE S MINNEAPOLIS MN 55406	H VANT'HOF & J SANDERS	RESIDENTIAL	$439,200	126 ft
3500 32ND AVE S MINNEAPOLIS MN 55406	N M LUNDHEIM & B L KRESSEL	RESIDENTIAL	$372,900	146 ft
3449 31ST AVE S MINNEAPOLIS MN 55406	TENA SCHACHER	RESIDENTIAL	$298,100	154 ft
3445 31ST AVE S MINNEAPOLIS MN 55406	WILLIAM D & BARBARA J NELSON	RESIDENTIAL	$530,700	159 ft
3453 31ST AVE S MINNEAPOLIS MN 55406	KYLE BACHMAYER	RESIDENTIAL	$329,600	160 ft
3432 32ND AVE S MINNEAPOLIS MN 55406	MARK H KRANZ/KIMBERLY S HILL	RESIDENTIAL	$268,900	168 ft
3441 31ST AVE S MINNEAPOLIS MN 55406	THOMAS O'MEARA ET AL	RESIDENTIAL	$315,300	174 ft

Property History

Most Recent Sale

Date198901

Price$72,450

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,542