4549 33RD AVE S MINNEAPOLIS MN 55406

PID: 0702823330161

Property Overview

Parcel ID0702823330161

Lot Size5,574 sq ft (0.128 ac)

Lot Dimensions (est.)139 ft wide × 40 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerK S GORMAN & J G GORMAN

Assessed Value$382,200

Land Value$147,000

Building Value$235,200

Annual Tax$5,797

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

2 permits on record since 2020 · $3K total declared value · Most recent: Apr 2023 (addition)

AdditionApr 2023Closed

$3K

Hage Construction Co

ResJul 2020Closed

Weld and Sons Plumbing 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth99 ft

Area~2,979 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 small multifamily (2–4 units, wood frame) benchmarks for 2,979 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4553 33RD AVE S MINNEAPOLIS MN 55406	P D BUE & C A BUE	RESIDENTIAL	$424,500	40 ft
4545 33RD AVE S MINNEAPOLIS MN 55406	ELIZABETH BAKER	RESIDENTIAL	$188,700	40 ft
4557 33RD AVE S MINNEAPOLIS MN 55406	M CHRISTENSON & M SRIVASTAVA	RESIDENTIAL	$564,300	80 ft
4541 33RD AVE S MINNEAPOLIS MN 55406	M B BLACK & S J NORQUIST	RESIDENTIAL	$347,500	80 ft
4537 33RD AVE S MINNEAPOLIS MN 55406	W S DUEL & R L GILBERTSON	RESIDENTIAL	$369,400	120 ft
4548 34TH AVE S MINNEAPOLIS MN 55406	K A SORENSON & M F SCHULTZ	RESIDENTIAL	$469,800	153 ft
4552 34TH AVE S MINNEAPOLIS MN 55406	PATRICK BUE	RESIDENTIAL	$279,100	158 ft
4544 34TH AVE S MINNEAPOLIS MN 55406	J DULLINGER & S FEILEN	RESIDENTIAL-TWO UNIT	$381,600	159 ft
4533 33RD AVE S MINNEAPOLIS MN 55406	PETRA A IVERSON	RESIDENTIAL	$312,500	160 ft
4556 34TH AVE S MINNEAPOLIS MN 55406	LAKES LANDSCAPE SERVICE LLC	COMMERCIAL-PREFERRED	$435,000	172 ft

Property History

Most Recent Sale

Date201502

Price$269,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,797