4425 32ND AVE S MINNEAPOLIS MN 55406

PID: 0702823330054

Property Overview

Parcel ID0702823330054

Lot Size5,660 sq ft (0.130 ac)

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

Year Built1967

Property ClassRESIDENTIAL

OwnerR S WELLER & S C WELLER

Assessed Value$307,300

Land Value$148,000

Building Value$159,300

Annual Tax$4,475

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 2017 · Most recent: Feb 2017 (existres)

ExistresFeb 2017Closed

Ridler Heating and Cooling 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

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 depth102 ft

Area~3,045 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 3,045 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
4429 32ND AVE S MINNEAPOLIS MN 55406	WILLIAM MARTIN	RESIDENTIAL	$339,100	40 ft
4421 32ND AVE S MINNEAPOLIS MN 55406	T BAILEY & A M POOLE-BAILEY	RESIDENTIAL	$460,200	40 ft
4433 32ND AVE S MINNEAPOLIS MN 55406	MARY E WEEKS ET AL	RESIDENTIAL	$334,100	80 ft
4417 32ND AVE S MINNEAPOLIS MN 55406	BARBARA E SCHUELLER	RESIDENTIAL	$340,300	80 ft
4437 32ND AVE S MINNEAPOLIS MN 55406	ANTHONY CARL HOLMGREN	RESIDENTIAL	$238,900	120 ft
4415 32ND AVE S MINNEAPOLIS MN 55406	ELLEN M PETERSON	RESIDENTIAL	$306,100	120 ft
4424 33RD AVE S MINNEAPOLIS MN 55406	DIANE M BAKKE	RESIDENTIAL	$268,700	155 ft
4428 33RD AVE S MINNEAPOLIS MN 55406	DEAN T SEVERSON	RESIDENTIAL	$272,000	160 ft
4441 32ND AVE S MINNEAPOLIS MN 55406	C M GONZALEZ/I G ENZASTEGUI	RESIDENTIAL	$356,300	160 ft
4409 32ND AVE S MINNEAPOLIS MN 55406	CITY OF LAKES COMM LAND TRST	—	$305,600	160 ft

Property History

Most Recent Sale

Date202209

Price$305,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,475