4246 32ND AVE S MINNEAPOLIS MN 55406

PID: 0702823320012

Property Overview

Parcel ID0702823320012

Lot Size5,593 sq ft (0.128 ac)

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

Year Built1911

Property ClassRESIDENTIAL

OwnerJANETTE M FOSTER

Assessed Value$278,500

Land Value$148,000

Building Value$130,500

Annual Tax$3,994

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

1 permit on record since 2021 · $5K total declared value · Most recent: Nov 2021 (addition)

AdditionNov 2021Expired

$5K

REBUILDING TOGETHER TWIN CITIES

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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
4244 32ND AVE S MINNEAPOLIS MN 55406	RACHEL A PATRICK	RESIDENTIAL	$249,700	40 ft
4250 32ND AVE S MINNEAPOLIS MN 55406	KJ BUJAK & CHELSEA CHARVAT	RESIDENTIAL	$358,500	40 ft
4238 32ND AVE S MINNEAPOLIS MN 55406	AMY ARLEN COUGHLIN	RESIDENTIAL	$333,000	80 ft
3120 43RD ST E MINNEAPOLIS MN 55406	JONATHAN ONNEN	RESIDENTIAL	$315,000	80 ft
4234 32ND AVE S MINNEAPOLIS MN 55406	KRISTIN M SORENSEN	RESIDENTIAL	$228,200	120 ft
4247 31ST AVE S MINNEAPOLIS MN 55406	JOSEPH MICHAEL BERG	RESIDENTIAL	$286,400	154 ft
4243 31ST AVE S MINNEAPOLIS MN 55406	P T TUTTLE & C L TUTTLE	RESIDENTIAL	$305,700	158 ft
4251 31ST AVE S MINNEAPOLIS MN 55406	HIATT LIVING TRUST	RESIDENTIAL	$359,700	159 ft
4232 32ND AVE S MINNEAPOLIS MN 55406	JOSEPH DIMLER	RESIDENTIAL	$340,700	160 ft
4239 31ST AVE S MINNEAPOLIS MN 55406	S & B QUAN	RESIDENTIAL	$326,100	172 ft

Property History

Current Tax Year

Year2026

Tax Due$3,994