4234 32ND AVE S MINNEAPOLIS MN 55406

PID: 0702823320009

Property Overview

Parcel ID0702823320009

Lot Size5,593 sq ft (0.128 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerKRISTIN M SORENSEN

Assessed Value$228,200

Land Value$148,000

Building Value$80,200

Annual Tax$3,156

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth100 ft

Area~2,994 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 sfr / adu benchmarks for 2,994 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4232 32ND AVE S MINNEAPOLIS MN 55406	JOSEPH DIMLER	RESIDENTIAL	$340,700	40 ft
4238 32ND AVE S MINNEAPOLIS MN 55406	AMY ARLEN COUGHLIN	RESIDENTIAL	$333,000	40 ft
4228 32ND AVE S MINNEAPOLIS MN 55406	A GUNDERSON & T FAST	RESIDENTIAL	$312,000	80 ft
4244 32ND AVE S MINNEAPOLIS MN 55406	RACHEL A PATRICK	RESIDENTIAL	$249,700	80 ft
4224 32ND AVE S MINNEAPOLIS MN 55406	LAWRENCE J KUIPER	RESIDENTIAL	$282,300	120 ft
4246 32ND AVE S MINNEAPOLIS MN 55406	JANETTE M FOSTER	RESIDENTIAL	$278,500	120 ft
4237 31ST AVE S MINNEAPOLIS MN 55406	ROBERT MARTIN & BONNIE SMITH	RESIDENTIAL	$673,500	153 ft
4231 31ST AVE S MINNEAPOLIS MN 55406	JOHN R MC NAMARA	RESIDENTIAL	$190,700	158 ft
4239 31ST AVE S MINNEAPOLIS MN 55406	S & B QUAN	RESIDENTIAL	$326,100	159 ft
4220 32ND AVE S MINNEAPOLIS MN 55406	ZEHUA LIU & Y PAUL SUSSMAN	RESIDENTIAL	$377,000	160 ft

Property History

Most Recent Sale

Date199302

Price$55,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,156