2416 32ND AVE S MINNEAPOLIS MN 55406

PID: 3102923230057

Property Overview

Parcel ID3102923230057

Lot Size6,017 sq ft (0.138 ac)

Lot Dimensions (est.)150 ft wide × 40 ft deep

Year Built1901

Property ClassRESIDENTIAL

OwnerKENDRA M FLEMING

Assessed Value$297,900

Land Value$164,000

Building Value$133,900

Annual Tax$4,335

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $27K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

CenterPoint Energy Resource Corp

MiscJun 2023Closed

$8K

PRINCIPLES BUILDING & REMODELING LLC

MiscMay 2021Closed

$4K

Innovative Basement Authority

RemodelApr 2021Closed

$8K

Innovative Basement Authority

ExistresNov 2019Closed

The Snelling Co Inc

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

Neighborhood Profile

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth110 ft

Area~3,312 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 3,312 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2412 32ND AVE S MINNEAPOLIS MN 55406	SARAH M BAUMERT	RESIDENTIAL	$320,700	40 ft
2420 32ND AVE S MINNEAPOLIS MN 55406	BERRY E FARRINGTON	RESIDENTIAL-TWO UNIT	$498,100	60 ft
2428 32ND AVE S MINNEAPOLIS MN 55406	C H MCMANUS & A R ANGRES	RESIDENTIAL	$356,500	120 ft
3125 24TH ST E MINNEAPOLIS MN 55406	E L PETSCHE & D L HAYS ET AL	RESIDENTIAL-TWO UNIT	$456,200	142 ft
3121 24TH ST E MINNEAPOLIS MN 55406	J M ANDRESEN & P H SMOLKA	RESIDENTIAL	$314,300	143 ft
2400 32ND AVE S MINNEAPOLIS MN 55406	A HART/E M HART/J J HART	RESIDENTIAL-TWO UNIT	$415,200	152 ft
3117 24TH ST E MINNEAPOLIS MN 55406	GINA HERRING	RESIDENTIAL	$369,000	155 ft
2432 32ND AVE S MINNEAPOLIS MN 55406	ANN E FREEMAN TRUSTEE	RESIDENTIAL	$441,400	160 ft
2417 31ST AVE S MINNEAPOLIS MN 55406	EMMA L WRIGHT	RESIDENTIAL	$352,700	170 ft
2413 31ST AVE S MINNEAPOLIS MN 55406	RENEE J GREGORY	RESIDENTIAL	$358,700	174 ft

Property History

Most Recent Sale

Date201907

Price$228,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,335