2905 33RD AVE S MINNEAPOLIS MN 55406

PID: 3102923330129

Property Overview

Parcel ID3102923330129

Lot Size6,831 sq ft (0.157 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerDUSTIN HICKS & JENNA HICKS

Assessed Value$315,000

Land Value$140,000

Building Value$175,000

Annual Tax$4,621

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

5 permits on record since 2017 · $19K total declared value · Most recent: Apr 2025 (misc)

MiscApr 2025Closed

$15K

MINNESOTA ROOFING CO

ResJun 2018Closed

Richfield Plumbing Co

RemodelJun 2018Closed

$300

JENNA HICKS

ResApr 2018Closed

Linda M Bathel

NewMay 2017Closed

$4K

TROYS DECKS AND WOOD FENCES

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

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 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 small multifamily (2–4 units, wood frame) benchmarks for 3,887 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
2909 33RD AVE S MINNEAPOLIS MN 55406	MARILYN MARGARET ULSETH	RESIDENTIAL	$301,900	48 ft
2901 33RD AVE S MINNEAPOLIS MN 55406	M T MCGORRAY & M F ZEMUR	RESIDENTIAL	$360,900	49 ft
2915 33RD AVE S MINNEAPOLIS MN 55406	NANCY T MACE	RESIDENTIAL	$345,100	96 ft
3315 29TH ST E MINNEAPOLIS MN 55406	MARY H PACHECO	RESIDENTIAL	$154,800	117 ft
2917 33RD AVE S MINNEAPOLIS MN 55406	M A COYNE & A E KEILTY	RESIDENTIAL	$345,600	144 ft
2904 34TH AVE S MINNEAPOLIS MN 55406	MARK RIVARD	RESIDENTIAL	$296,800	154 ft
3319 29TH ST E MINNEAPOLIS MN 55406	JONATHAN LOCKE SUSAN LOCKE	RESIDENTIAL	$169,200	161 ft
2908 34TH AVE S MINNEAPOLIS MN 55406	THOMAS C HOLM ETAL	RESIDENTIAL	$339,500	161 ft
2849 33RD AVE S MINNEAPOLIS MN 55406	CLYDE E CUTTING	RESIDENTIAL-TWO UNIT	$352,300	179 ft
2912 34TH AVE S MINNEAPOLIS MN 55406	VINCENT PAUL DEBRITTO	CONDOMINIUM	$135,000	181 ft

Property History

Most Recent Sale

Date201805

Price$248,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,621