4254 33RD AVE S MINNEAPOLIS MN 55406

PID: 0702823320043

Property Overview

Parcel ID0702823320043

Lot Size5,648 sq ft (0.130 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerJ & R WHITE

Assessed Value$293,500

Land Value$148,000

Building Value$145,500

Annual Tax$4,245

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 2022 · Most recent: May 2022 (res)

ResMay 2022Closed

CenterPoint Energy Resource Corp

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width128 ft

Buildable depth0 ft

Area~2,732 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,732 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4250 33RD AVE S MINNEAPOLIS MN 55406	SAMUEL JACK SHAFER SUBJ/L E	RESIDENTIAL	$292,600	40 ft
4248 33RD AVE S MINNEAPOLIS MN 55406	K A K ADAIR & D R K ADAIR	RESIDENTIAL	$342,500	80 ft
4242 33RD AVE S MINNEAPOLIS MN 55406	B SANSOM & M SANSOM	RESIDENTIAL	$185,700	120 ft
3204 43RD ST E MINNEAPOLIS MN 55406	CHURCH OF ST HELENA	COMMERCIAL-PREFERRED	$0	156 ft
4240 33RD AVE S MINNEAPOLIS MN 55406	HOWARD W SMITH	RESIDENTIAL	$332,000	160 ft
4247 32ND AVE S MINNEAPOLIS MN 55406	MEGHAN CASEY	RESIDENTIAL	$301,900	173 ft
4253 33RD AVE S MINNEAPOLIS MN 55406	R TERHAAR & G TERHAAR	RESIDENTIAL	$468,300	179 ft
4243 32ND AVE S MINNEAPOLIS MN 55406	KELLI JOHNSON & ADAM JOHNSON	RESIDENTIAL	$321,600	195 ft
4236 33RD AVE S MINNEAPOLIS MN 55406	JENNIFER R HINES	RESIDENTIAL	$372,200	200 ft
4239 32ND AVE S MINNEAPOLIS MN 55406	CAROL KELLY & ROBERT KELLY	RESIDENTIAL	$253,500	221 ft

Property History

Current Tax Year

Year2026

Tax Due$4,245