4253 33RD AVE S MINNEAPOLIS MN 55406

PID: 0702823320114

Property Overview

Parcel ID0702823320114

Lot Size7,126 sq ft (0.164 ac)

Lot Dimensions (est.)95 ft wide × 75 ft deep

Year Built1998

Property ClassRESIDENTIAL

OwnerR TERHAAR & G TERHAAR

Assessed Value$468,300

Land Value$139,000

Building Value$329,300

Annual Tax$6,736

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width80 ft

Buildable depth35 ft

Area~3,297 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 3-story wood frame (5–12 units) benchmarks for 3,297 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4245 33RD AVE S MINNEAPOLIS MN 55406	MICHAEL T UTTERBERG	RESIDENTIAL	$277,500	70 ft
3320 43RD ST E MINNEAPOLIS MN 55406	J J & S M BEDNARSKI	RESIDENTIAL	$453,300	95 ft
4205 33RD AVE S MINNEAPOLIS MN 55406	BRENDA L STOICK	RESIDENTIAL	$367,300	117 ft
4301 33RD AVE S MINNEAPOLIS MN 55406	BRADLEY HEMAK & ANN HEMAK	RESIDENTIAL	$386,800	119 ft
4305 33RD AVE S MINNEAPOLIS MN 55406	JULIA KANE LANGER	RESIDENTIAL	$314,400	159 ft
4250 33RD AVE S MINNEAPOLIS MN 55406	SAMUEL JACK SHAFER SUBJ/L E	RESIDENTIAL	$292,600	179 ft
4254 33RD AVE S MINNEAPOLIS MN 55406	J & R WHITE	RESIDENTIAL	$293,500	179 ft
4248 33RD AVE S MINNEAPOLIS MN 55406	K A K ADAIR & D R K ADAIR	RESIDENTIAL	$342,500	187 ft
4309 33RD AVE S MINNEAPOLIS MN 55406	SANDRA E BERNEY	RESIDENTIAL	$253,000	199 ft
4242 33RD AVE S MINNEAPOLIS MN 55406	B SANSOM & M SANSOM	RESIDENTIAL	$185,700	204 ft

Property History

Current Tax Year

Year2026

Tax Due$6,736