4521 33RD AVE S MINNEAPOLIS MN 55406

PID: 0702823330168

Property Overview

Parcel ID0702823330168

Lot Size5,574 sq ft (0.128 ac)

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

Year Built1932

Property ClassRESIDENTIAL

OwnerJAMES W SWEET

Assessed Value$248,000

Land Value$147,000

Building Value$101,000

Annual Tax$3,486

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

7 permits on record since 2018 · $40K total declared value · Most recent: Mar 2025 (misc)

MiscMar 2025Final Inspection

$8K

TWIN CITIES SIDING PROFESSIONALS

AccessoryApr 2023Closed

$15K

SUSSEL CORP

ResMay 2022Closed

CenterPoint Energy Resource Corp

ExistresJul 2020Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

MiscJun 2019Closed

$17K

RENEWAL BY ANDERSEN 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

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~2,980 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 2,980 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
4525 33RD AVE S MINNEAPOLIS MN 55406	J A KULLGREN & C INTERRANTE	RESIDENTIAL	$319,300	40 ft
4517 33RD AVE S MINNEAPOLIS MN 55406	TIMOTHY ITTNER	RESIDENTIAL	$255,900	40 ft
4529 33RD AVE S MINNEAPOLIS MN 55406	KELLY KILEN	RESIDENTIAL	$338,100	80 ft
4513 33RD AVE S MINNEAPOLIS MN 55406	SHORON D JAEGER	RESIDENTIAL	$305,000	80 ft
4533 33RD AVE S MINNEAPOLIS MN 55406	PETRA A IVERSON	RESIDENTIAL	$312,500	120 ft
4509 33RD AVE S MINNEAPOLIS MN 55406	C G LEWIS & M JACOBS	RESIDENTIAL	$345,400	120 ft
4516 34TH AVE S MINNEAPOLIS MN 55406	AANNA KORINE MELANDER	RESIDENTIAL	$350,400	154 ft
4524 34TH AVE S MINNEAPOLIS MN 55406	C A GRANBERG & C RANFRANZ	RESIDENTIAL	$531,400	158 ft
4537 33RD AVE S MINNEAPOLIS MN 55406	W S DUEL & R L GILBERTSON	RESIDENTIAL	$369,400	160 ft
4505 33RD AVE S MINNEAPOLIS MN 55406	GREGORY L OVERLID	RESIDENTIAL	$287,100	160 ft

Property History

Most Recent Sale

Date199610

Price$67,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,486