4425 34TH AVE S MINNEAPOLIS MN 55406

PID: 0702823340053

Property Overview

Parcel ID0702823340053

Lot Size4,975 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerT J ALBIN & J A WILLIAMS

Assessed Value$364,100

Land Value$133,000

Building Value$231,100

Annual Tax$5,648

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

5 permits on record since 2018 · $34K total declared value · Most recent: Feb 2022 (res)

ResFeb 2022Closed

CenterPoint Energy Resource Corp

MiscOct 2021Expired

$4K

RENEWAL BY ANDERSEN CORP

ExistresApr 2018Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

RemodelMar 2018Closed

$30K

BRAD SCOTT CONSTRUCTION

ResFeb 2018Closed

Linn Star Transfer 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

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 width30 ft

Buildable depth84 ft

Area~2,530 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 2,530 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4429 34TH AVE S MINNEAPOLIS MN 55406	A CHEBYKINA & J GODWIN	RESIDENTIAL	$368,200	40 ft
4419 34TH AVE S MINNEAPOLIS MN 55406	MARIA ANN THORESON	RESIDENTIAL	$209,900	40 ft
4415 34TH AVE S MINNEAPOLIS MN 55406	J & K ANDERSON	RESIDENTIAL	$300,600	80 ft
4431 34TH AVE S MINNEAPOLIS MN 55406	D GRINA & S ROLANDELLI	RESIDENTIAL	$380,100	90 ft
4411 34TH AVE S MINNEAPOLIS MN 55406	JOSE L LORA-ARCOS	RESIDENTIAL	$229,800	123 ft
4437 34TH AVE S MINNEAPOLIS MN 55406	MARIE A SLINDEE	RESIDENTIAL	$248,900	140 ft
4426 35TH AVE S MINNEAPOLIS MN 55406	CARLOS E GUTIERREZ ESQUER	RESIDENTIAL	$369,200	142 ft
4416 35TH AVE S MINNEAPOLIS MN 55406	D A & S J HAAGENSON	RESIDENTIAL	$530,800	145 ft
4430 35TH AVE S MINNEAPOLIS MN 55406	JESSICA C HOPEMAN	RESIDENTIAL	$282,900	163 ft
4412 35TH AVE S MINNEAPOLIS MN 55406	PAUL HANSON & KRISTA HANSON	RESIDENTIAL	$520,600	167 ft

Property History

Most Recent Sale

Date199007

Price$66,001

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,648