4415 32ND AVE S MINNEAPOLIS MN 55406

PID: 0702823330057

Property Overview

Parcel ID0702823330057

Lot Size5,660 sq ft (0.130 ac)

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

Year Built1928

Property ClassRESIDENTIAL

OwnerELLEN M PETERSON

Assessed Value$306,100

Land Value$148,000

Building Value$158,100

Annual Tax$4,455

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 2019 · $26K total declared value · Most recent: Jul 2024 (accessory)

AccessoryJul 2024Closed

$22K

Minneapolis Garage Builders, LLC

MiscSep 2023Expired

$5K

GREEN HOUSE CONSTRUCTION

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResSep 2019Closed

Warners Stellian Co 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
4417 32ND AVE S MINNEAPOLIS MN 55406	BARBARA E SCHUELLER	RESIDENTIAL	$340,300	40 ft
4409 32ND AVE S MINNEAPOLIS MN 55406	CITY OF LAKES COMM LAND TRST	—	$305,600	40 ft
4421 32ND AVE S MINNEAPOLIS MN 55406	T BAILEY & A M POOLE-BAILEY	RESIDENTIAL	$460,200	80 ft
4405 32ND AVE S MINNEAPOLIS MN 55406	JOSE S R ENCISO ET AL	RESIDENTIAL	$246,800	83 ft
3211 44TH ST E MINNEAPOLIS MN 55406	S L CLIFT & L A CLIFT	RESIDENTIAL	$299,600	111 ft
4425 32ND AVE S MINNEAPOLIS MN 55406	R S WELLER & S C WELLER	RESIDENTIAL	$307,300	120 ft
4401 32ND AVE S MINNEAPOLIS MN 55406	DALE W MUELLER	RESIDENTIAL	$370,500	122 ft
4412 33RD AVE S MINNEAPOLIS MN 55406	MARK A BRUNSWICK	RESIDENTIAL	$450,900	155 ft
4416 33RD AVE S MINNEAPOLIS MN 55406	ELIZABETH D BOLINE REV TRUST	RESIDENTIAL	$703,100	160 ft
4429 32ND AVE S MINNEAPOLIS MN 55406	WILLIAM MARTIN	RESIDENTIAL	$339,100	160 ft

Property History

Current Tax Year

Year2026

Tax Due$4,455