2400 32ND AVE S MINNEAPOLIS MN 55406

PID: 3102923230030

Property Overview

Parcel ID3102923230030

Lot Size5,379 sq ft (0.123 ac)

Lot Dimensions (est.)42 ft wide × 129 ft deep

Year Built1954

Property ClassRESIDENTIAL-TWO UNIT

OwnerA HART/E M HART/J J HART

Assessed Value$415,200

Land Value$153,000

Building Value$262,200

Annual Tax$7,885

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $565 total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

CenterPoint Energy Resource Corp

ResDec 2025Inspection

CenterPoint Energy Resource Corp

MiscJul 2021Closed

$316

Curtis J Rosenthal

MiscMar 2021Closed

$249

Curtis J Rosenthal

ResOct 2017Closed

Erik Nelson Plumbing LLC

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent1,337/mo

Renter-occupied28.1%

Median home value$329K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1075

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width29 ft

Buildable depth89 ft

Area~4 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 4 sqft buildable area.

Est. units

Yield on cost

6.6%

Spread

+1.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3125 24TH ST E MINNEAPOLIS MN 55406	E L PETSCHE & D L HAYS ET AL	RESIDENTIAL-TWO UNIT	$456,200	40 ft
3121 24TH ST E MINNEAPOLIS MN 55406	J M ANDRESEN & P H SMOLKA	RESIDENTIAL	$314,300	80 ft
3201 24TH ST E MINNEAPOLIS MN 55406	FAY C SIMER & KURT SIMER	RESIDENTIAL	$641,800	100 ft
2412 32ND AVE S MINNEAPOLIS MN 55406	SARAH M BAUMERT	RESIDENTIAL	$320,700	116 ft
3117 24TH ST E MINNEAPOLIS MN 55406	GINA HERRING	RESIDENTIAL	$369,000	120 ft
3205 24TH ST E MINNEAPOLIS MN 55406	JONATHAN BERRY/YUFENG CHANG	RESIDENTIAL	$398,600	140 ft
2416 32ND AVE S MINNEAPOLIS MN 55406	KENDRA M FLEMING	RESIDENTIAL	$297,900	152 ft
3113 24TH ST E MINNEAPOLIS MN 55406	D H THOMPSON & A A THOMPSON	RESIDENTIAL	$351,600	160 ft
3209 24TH ST E MINNEAPOLIS MN 55406	ELIZABETH R MCARTHUR	RESIDENTIAL	$358,100	180 ft
2415 32ND AVE S MINNEAPOLIS MN 55406	JENNIFER S LARSON TRUST	RESIDENTIAL	$453,400	182 ft

Property History

Most Recent Sale

Date202604

Price$525,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,885