2549 32ND AVE S MINNEAPOLIS MN 55406

PID: 3102923230103

Property Overview

Parcel ID3102923230103

Lot Size7,540 sq ft (0.173 ac)

Lot Dimensions (est.)151 ft wide × 50 ft deep

Year Built1951

Property ClassRESIDENTIAL

OwnerCLARA MARIE SCHULTZ

Assessed Value$262,100

Land Value$132,000

Building Value$130,100

Annual Tax$3,735

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $3K total declared value · Most recent: Sep 2023 (res)

ResSep 2023Expired

FFM LLC

ExistresOct 2022Closed

Mike's Custom Mechanical Inc

MiscJul 2017Closed

$3K

Kim K Designers

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 width138 ft

Buildable depth10 ft

Area~4,099 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 4,099 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2545 32ND AVE S MINNEAPOLIS MN 55406	MICHAEL NATION/KERI SIMMONS	RESIDENTIAL	$293,200	50 ft
2541 32ND AVE S MINNEAPOLIS MN 55406	FRANK J WARNER	RESIDENTIAL	$281,100	99 ft
2537 32ND AVE S MINNEAPOLIS MN 55406	PATIENCE CASO/STEVEN SCHULTZ	RESIDENTIAL	$300,000	143 ft
2548 33RD AVE S MINNEAPOLIS MN 55406	M A HOWARD & E HOWARD	RESIDENTIAL	$327,900	170 ft
2544 33RD AVE S MINNEAPOLIS MN 55406	TONI LEE VELDEY	RESIDENTIAL	$350,200	178 ft
2533 32ND AVE S MINNEAPOLIS MN 55406	K B GROWCOTT & A E GROWCOTT	RESIDENTIAL	$284,400	183 ft
2540 33RD AVE S MINNEAPOLIS MN 55406	J M SULARZ & M J LEACH	RESIDENTIAL	$525,500	198 ft
2548 32ND AVE S MINNEAPOLIS MN 55406	DAVID KAATZ & CANDEE J KAATZ	RESIDENTIAL	$312,900	210 ft
2544 32ND AVE S MINNEAPOLIS MN 55406	ROSALIE K GRIEBENOW	RESIDENTIAL	$275,300	215 ft
2529 32ND AVE S MINNEAPOLIS MN 55406	LAANNA R JOHNSON	RESIDENTIAL	$259,800	223 ft

Property History

Most Recent Sale

Date202104

Price$280,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,735