4243 32ND AVE S MINNEAPOLIS MN 55406

PID: 0702823320046

Property Overview

Parcel ID0702823320046

Lot Size5,654 sq ft (0.130 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerKELLI JOHNSON & ADAM JOHNSON

Assessed Value$321,600

Land Value$148,000

Building Value$173,600

Annual Tax$4,714

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 2020 · $14K total declared value · Most recent: Mar 2026 (remodel)

RemodelMar 2026Closed

$5K

THE EGRESS WINDOW COMPANY

MiscOct 2023Closed

$9K

EVERGREEN CONSTRUCTION CO., INC.

ResMay 2022Closed

CenterPoint Energy Resource Corp

ResMar 2020Closed

Sara Wenzel Edstrom

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 depth101 ft

Area~3,040 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 3,040 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4247 32ND AVE S MINNEAPOLIS MN 55406	MEGHAN CASEY	RESIDENTIAL	$301,900	40 ft
4239 32ND AVE S MINNEAPOLIS MN 55406	CAROL KELLY & ROBERT KELLY	RESIDENTIAL	$253,500	40 ft
4235 32ND AVE S MINNEAPOLIS MN 55406	CAIUS ANDERSON/IVY ANDERSON	RESIDENTIAL	$311,400	80 ft
3204 43RD ST E MINNEAPOLIS MN 55406	CHURCH OF ST HELENA	COMMERCIAL-PREFERRED	$0	100 ft
4231 32ND AVE S MINNEAPOLIS MN 55406	J G CHLADEK & Y Y CHLADEK	RESIDENTIAL	$361,900	120 ft
4242 33RD AVE S MINNEAPOLIS MN 55406	B SANSOM & M SANSOM	RESIDENTIAL	$185,700	155 ft
4248 33RD AVE S MINNEAPOLIS MN 55406	K A K ADAIR & D R K ADAIR	RESIDENTIAL	$342,500	160 ft
4227 32ND AVE S MINNEAPOLIS MN 55406	BRIAN MITCHELL	RESIDENTIAL	$366,100	160 ft
4240 33RD AVE S MINNEAPOLIS MN 55406	HOWARD W SMITH	RESIDENTIAL	$332,000	161 ft
4250 33RD AVE S MINNEAPOLIS MN 55406	SAMUEL JACK SHAFER SUBJ/L E	RESIDENTIAL	$292,600	173 ft

Property History

Most Recent Sale

Date202106

Price$328,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,714