2312 32ND AVE S MINNEAPOLIS MN 55406

PID: 3102923220148

Property Overview

Parcel ID3102923220148

Lot Size6,320 sq ft (0.145 ac)

Lot Dimensions (est.)153 ft wide × 41 ft deep

Year Built1920

Property ClassRESIDENTIAL-TWO UNIT

OwnerM J FERGUSON & S NELSON

Assessed Value$473,600

Land Value$170,000

Building Value$303,600

Annual Tax$8,994

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $19K total declared value · Most recent: Jul 2023 (res)

ResJul 2023Closed

Warners Stellian Co Inc

ResMay 2020Closed

Urban Pine Plumbing and Mechanical Inc

RemodelAug 2018Closed

$7K

AFFORDABLE EGRESS WINDOWS & BASEMENT WATERPROOFI

RemodelJul 2018Closed

$8K

SHARON NELSON

MiscAug 2017Closed

$5K

KAUFMAN SHEET METAL ROOFING INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Seward · Minneapolis

Median reported rent872/mo

Renter-occupied55.6%

Median home value$330K

Vacancy rate2.2%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1064

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 width31 ft

Buildable depth114 ft

Area~3,537 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 3,537 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
2308 32ND AVE S MINNEAPOLIS MN 55406	MARCIA GREENFIELD TRUST	RESIDENTIAL	$479,800	41 ft
2304 32ND AVE S MINNEAPOLIS MN 55406	JUDITH JULIG	RESIDENTIAL	$347,900	82 ft
3124 24TH ST E MINNEAPOLIS MN 55406	R H & S E HADDOW	RESIDENTIAL	$300,000	101 ft
3120 24TH ST E MINNEAPOLIS MN 55406	TONI M DECKER	RESIDENTIAL	$314,400	103 ft
3128 24TH ST E MINNEAPOLIS MN 55406	MARGENY LLC	RESIDENTIAL-TWO UNIT	$548,600	114 ft
3116 24TH ST E MINNEAPOLIS MN 55406	ANDREA MARIE BIE	RESIDENTIAL-TWO UNIT	$420,900	119 ft
2300 32ND AVE S MINNEAPOLIS MN 55406	DAVID STOLZBERG/ANNE SIEGLER	RESIDENTIAL	$467,900	124 ft
3112 24TH ST E MINNEAPOLIS MN 55406	N WOJCIAK & KELSEY WOJCIAK	RESIDENTIAL	$252,700	145 ft
2220 32ND AVE S MINNEAPOLIS MN 55406	ANNE-METTE NIELSEN	RESIDENTIAL-TWO UNIT	$511,900	165 ft
2315 31ST AVE S MINNEAPOLIS MN 55406	M D WELCH & T A WELCH	RESIDENTIAL	$327,800	167 ft

Property History

Most Recent Sale

Date201312

Price$295,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,994