2924 32ND AVE S MINNEAPOLIS MN 55406

PID: 3102923330073

Property Overview

Parcel ID3102923330073

Lot Size6,831 sq ft (0.157 ac)

Lot Dimensions (est.)142 ft wide × 48 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerMARISA HIGGINS

Assessed Value$353,000

Land Value$131,000

Building Value$222,000

Annual Tax$5,257

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

6 permits on record since 2022 · $73K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ExistresApr 2023Closed

MESPO HEATING AND COOLING INC

RemodelApr 2023Closed

$60K

Accent Construction LLC

ResMar 2023Closed

Great Quality Plumbing Inc

MiscNov 2022Closed

$10K

Accent Construction LLC

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

Neighborhood Profile

Longfellow · Minneapolis

Median reported rent1,200/mo

Renter-occupied43.8%

Median home value$252K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1074

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width38 ft

Buildable depth102 ft

Area~3,887 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 3-story wood frame (5–12 units) benchmarks for 3,887 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2920 32ND AVE S MINNEAPOLIS MN 55406	LINDSAY HILL/ERIC SCHNEIDER	VACANT LAND-RESIDENTIAL	$140,000	48 ft
2928 32ND AVE S MINNEAPOLIS MN 55406	JENNIFER MRAZ DUNGAN	RESIDENTIAL	$260,600	48 ft
2916 32ND AVE S MINNEAPOLIS MN 55406	HEATHER A GOODENBERGER ET AL	RESIDENTIAL-TWO UNIT	$352,800	96 ft
2912 32ND AVE S MINNEAPOLIS MN 55406	NDK INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$410,000	144 ft
2925 31ST AVE S MINNEAPOLIS MN 55406	MCDONALD'S REAL ESTATE CO	LAND-COMMERCIAL	$122,700	154 ft
2921 31ST AVE S MINNEAPOLIS MN 55406	T M MILTON & A SADIQ	RESIDENTIAL	$300,400	161 ft
3118 LAKE ST E MINNEAPOLIS MN 55406	TCF NATIONAL BANK MINNESOTA	COMMERCIAL-PREFERRED	$1,102,000	163 ft
2917 31ST AVE S MINNEAPOLIS MN 55406	STANLEY ALCENAT	APARTMENT	$432,200	181 ft
2908 32ND AVE S MINNEAPOLIS MN 55406	KELSEY BARALE & MARK FELICE	RESIDENTIAL	$348,900	192 ft
2925 32ND AVE S MINNEAPOLIS MN 55406	HATTIE HILER	RESIDENTIAL	$315,000	202 ft

Property History

Most Recent Sale

Date202403

Price$335,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,257