4240 33RD AVE S MINNEAPOLIS MN 55406

PID: 0702823320039

Property Overview

Parcel ID0702823320039

Lot Size5,649 sq ft (0.130 ac)

Lot Dimensions (est.)141 ft wide × 40 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerHOWARD W SMITH

Assessed Value$332,000

Land Value$145,000

Building Value$187,000

Annual Tax$4,886

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

4 permits on record since 2021 · $28K total declared value · Most recent: Dec 2023 (misc)

MiscDec 2023Expired

$28K

PREMIER ROOFING BY RUSTY

ResMay 2022Closed

CenterPoint Energy Resource Corp

ResFeb 2022Closed

Urban Pine Plumbing and Mechanical Inc

ResApr 2021Closed

Mad City Windows & Bath

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

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 width30 ft

Buildable depth101 ft

Area~3,036 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 3,036 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4236 33RD AVE S MINNEAPOLIS MN 55406	JENNIFER R HINES	RESIDENTIAL	$372,200	40 ft
4242 33RD AVE S MINNEAPOLIS MN 55406	B SANSOM & M SANSOM	RESIDENTIAL	$185,700	40 ft
4232 33RD AVE S MINNEAPOLIS MN 55406	ERIK BLOOMQUIST	RESIDENTIAL	$255,300	80 ft
4248 33RD AVE S MINNEAPOLIS MN 55406	K A K ADAIR & D R K ADAIR	RESIDENTIAL	$342,500	80 ft
4226 33RD AVE S MINNEAPOLIS MN 55406	DANIEL SHORE & ANNA SHORE	RESIDENTIAL	$350,000	120 ft
4250 33RD AVE S MINNEAPOLIS MN 55406	SAMUEL JACK SHAFER SUBJ/L E	RESIDENTIAL	$292,600	120 ft
4239 32ND AVE S MINNEAPOLIS MN 55406	CAROL KELLY & ROBERT KELLY	RESIDENTIAL	$253,500	155 ft
4222 33RD AVE S MINNEAPOLIS MN 55406	ANDREW WRZOS	RESIDENTIAL	$383,500	160 ft
4254 33RD AVE S MINNEAPOLIS MN 55406	J & R WHITE	RESIDENTIAL	$293,500	160 ft
4235 32ND AVE S MINNEAPOLIS MN 55406	CAIUS ANDERSON/IVY ANDERSON	RESIDENTIAL	$311,400	160 ft

Property History

Most Recent Sale

Date201605

Price$231,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,886