2520 32ND AVE S MINNEAPOLIS MN 55406

PID: 3102923230084

Property Overview

Parcel ID3102923230084

Lot Size6,017 sq ft (0.138 ac)

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

Year Built1928

Property ClassRESIDENTIAL-TWO UNIT

OwnerJUDITH T LEWISON

Assessed Value$343,400

Land Value$150,000

Building Value$193,400

Annual Tax$6,522

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2021 · $55K total declared value · Most recent: Dec 2025 (res)

ResDec 2025Inspection

CenterPoint Energy Resource Corp

ResDec 2025Inspection

CenterPoint Energy Resource Corp

ResDec 2025Inspection

CenterPoint Energy Resource Corp

ResDec 2024Closed

Weld and Sons Plumbing Inc

ExistresApr 2023Closed

360 Heating and Air Conditioning 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

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
2524 32ND AVE S MINNEAPOLIS MN 55406	2524 SEWARD LLC	RESIDENTIAL-TWO UNIT	$387,200	40 ft
2516 32ND AVE S MINNEAPOLIS MN 55406	COLIN E CARPENTER	RESIDENTIAL	$297,100	40 ft
2528 32ND AVE S MINNEAPOLIS MN 55406	JAMES L LARSON	RESIDENTIAL	$260,000	80 ft
2512 32ND AVE S MINNEAPOLIS MN 55406	KAREN LEA BRUSS	RESIDENTIAL	$314,000	80 ft
2532 32ND AVE S MINNEAPOLIS MN 55406	HALEY ELISSA GIUNTA	RESIDENTIAL	$225,900	120 ft
2536 32ND AVE S MINNEAPOLIS MN 55406	A KHALAFALLA & A KHALAFALLA	RESIDENTIAL	$229,300	160 ft
2521 31ST AVE S MINNEAPOLIS MN 55406	KELSEY BINDER/ERIN MCDOWELL	RESIDENTIAL	$283,000	170 ft
2517 31ST AVE S MINNEAPOLIS MN 55406	J JONES & M BUCHEN	RESIDENTIAL	$299,800	174 ft
2525 31ST AVE S MINNEAPOLIS MN 55406	BENJAMIN A LAGERQUIST	RESIDENTIAL	$257,600	175 ft
3125 25TH ST E MINNEAPOLIS MN 55406	T & P MC CONVILLE	RESIDENTIAL	$324,800	182 ft

Property History

Most Recent Sale

Date197805

Price$46,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,522