2924 35TH AVE S MINNEAPOLIS MN 55406

PID: 3102923340174

Property Overview

Parcel ID3102923340174

Lot Size6,412 sq ft (0.147 ac)

Lot Dimensions (est.)128 ft wide × 50 ft deep

Year Built1964

Property ClassLOW INCOME RENTAL

OwnerALLIANCE HOUSING INC

Assessed Value$697,000

Land Value$96,000

Building Value$601,000

Annual Tax$2,698

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

1 permit on record since 2018 · Most recent: Oct 2018 (comnofdbv)

ComnofdbvOct 2018Closed

FG WAGNER PLUMBING INC

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 width40 ft

Buildable depth88 ft

Area~3,528 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 3,528 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2930 35TH AVE S MINNEAPOLIS MN 55406	KATIE ANNA LIA FERGUSON	RESIDENTIAL-TWO UNIT	$398,000	47 ft
2920 35TH AVE S MINNEAPOLIS MN 55406	JOHN E OTT	RESIDENTIAL	$466,600	50 ft
2934 35TH AVE S MINNEAPOLIS MN 55406	FELICIA R WASHINGTON	RESIDENTIAL	$316,700	92 ft
2916 35TH AVE S MINNEAPOLIS MN 55406	MAHMOUD ALIAMER	RESIDENTIAL	$255,200	103 ft
2940 35TH AVE S MINNEAPOLIS MN 55406	RACHEL L JAVE	RESIDENTIAL	$372,300	135 ft
2925 34TH AVE S MINNEAPOLIS MN 55406	C A BAUMANN & A L BAUMANN	RESIDENTIAL	$283,400	141 ft
2929 34TH AVE S MINNEAPOLIS MN 55406	PAUL G SCHATZLEIN	RESIDENTIAL	$269,500	145 ft
2921 34TH AVE S MINNEAPOLIS MN 55406	JEREMY W HUBBELL	RESIDENTIAL	$306,700	148 ft
2912 35TH AVE S MINNEAPOLIS MN 55406	KEVIN JAMES MCCLELLAN	RESIDENTIAL	$307,000	158 ft
2933 34TH AVE S MINNEAPOLIS MN 55406	M FOSTER & R CHANG	RESIDENTIAL	$289,400	160 ft

Property History

Most Recent Sale

Date202109

Price$800,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,698