4245 33RD AVE S MINNEAPOLIS MN 55406

PID: 0702823320124

Property Overview

Parcel ID0702823320124

Lot Size7,377 sq ft (0.169 ac)

Lot Dimensions (est.)174 ft wide × 42 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerMICHAEL T UTTERBERG

Assessed Value$277,500

Land Value$111,000

Building Value$166,500

Annual Tax$4,279

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

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 width164 ft

Buildable depth2 ft

Area~4,255 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 4,255 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4205 33RD AVE S MINNEAPOLIS MN 55406	BRENDA L STOICK	RESIDENTIAL	$367,300	56 ft
4253 33RD AVE S MINNEAPOLIS MN 55406	R TERHAAR & G TERHAAR	RESIDENTIAL	$468,300	70 ft
3320 43RD ST E MINNEAPOLIS MN 55406	J J & S M BEDNARSKI	RESIDENTIAL	$453,300	85 ft
4201 33RD AVE S MINNEAPOLIS MN 55406	AMINO ABDULLE	RESIDENTIAL	$412,400	150 ft
4301 33RD AVE S MINNEAPOLIS MN 55406	BRADLEY HEMAK & ANN HEMAK	RESIDENTIAL	$386,800	178 ft
4248 33RD AVE S MINNEAPOLIS MN 55406	K A K ADAIR & D R K ADAIR	RESIDENTIAL	$342,500	212 ft
4242 33RD AVE S MINNEAPOLIS MN 55406	B SANSOM & M SANSOM	RESIDENTIAL	$185,700	216 ft
4250 33RD AVE S MINNEAPOLIS MN 55406	SAMUEL JACK SHAFER SUBJ/L E	RESIDENTIAL	$292,600	216 ft
4305 33RD AVE S MINNEAPOLIS MN 55406	JULIA KANE LANGER	RESIDENTIAL	$314,400	218 ft
4240 33RD AVE S MINNEAPOLIS MN 55406	HOWARD W SMITH	RESIDENTIAL	$332,000	227 ft

Property History

Current Tax Year

Year2026

Tax Due$4,279