4308 34TH AVE S MINNEAPOLIS MN 55406

PID: 0702823320117

Property Overview

Parcel ID0702823320117

Lot Size7,700 sq ft (0.177 ac)

Lot Dimensions (est.)140 ft wide × 55 ft deep

Year Built1997

Property ClassRESIDENTIAL

OwnerL PEMSINGH & MEENA SAMUELS

Assessed Value$365,300

Land Value$113,000

Building Value$252,300

Annual Tax$5,442

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

3 permits on record since 2019 · $34K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Closed

$34K

Rocket Renovation

ExistresMar 2023Expired

CENTERPOINT ENERGY

ExistresMay 2019Closed

Airic's Heating & Air Conditioning Inc

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width45 ft

Buildable depth100 ft

Area~4,502 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 4,502 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4304 34TH AVE S MINNEAPOLIS MN 55406	N SHORTS & A SHORTS	RESIDENTIAL	$425,200	55 ft
4318 34TH AVE S MINNEAPOLIS MN 55406	CONSTANCE LORAINE BENNETT TR	RESIDENTIAL	$412,500	55 ft
4322 34TH AVE S MINNEAPOLIS MN 55406	CONSTANCE LORAINE BENNETT TR	VACANT LAND-RESIDENTIAL	$3,200	85 ft
4324 34TH AVE S MINNEAPOLIS MN 55406	ADELE LEAF ROBINSON	RESIDENTIAL	$245,300	108 ft
4300 34TH AVE S MINNEAPOLIS MN 55406	GERALD A STARR TRUST	RESIDENTIAL	$491,000	117 ft
4328 34TH AVE S MINNEAPOLIS MN 55406	D WEBSTER & M WEBSTER	RESIDENTIAL	$375,000	148 ft
4313 33RD AVE S MINNEAPOLIS MN 55406	L J MATSON & T R LYNCH	RESIDENTIAL	$333,900	154 ft
4317 33RD AVE S MINNEAPOLIS MN 55406	P R WYATT & M L LOEN	RESIDENTIAL	$295,400	157 ft
4309 33RD AVE S MINNEAPOLIS MN 55406	SANDRA E BERNEY	RESIDENTIAL	$253,000	161 ft
4321 33RD AVE S MINNEAPOLIS MN 55406	KRISTEN MARIE HAVEN	RESIDENTIAL	$470,900	169 ft

Property History

Current Tax Year

Year2026

Tax Due$5,442