2929 34TH AVE S MINNEAPOLIS MN 55406

PID: 3102923340184

Property Overview

Parcel ID3102923340184

Lot Size5,045 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerPAUL G SCHATZLEIN

Assessed Value$269,500

Land Value$122,000

Building Value$147,500

Annual Tax$3,859

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

3 permits on record since 2017 · $21K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$8K

ZUPS CONSTRUCTION LLC

MiscOct 2017Closed

$13K

RENEWAL BY ANDERSEN CORP

ExistresJul 2017Closed

Standard Heating and Air Conditioning 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 width30 ft

Buildable depth86 ft

Area~2,583 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 2,583 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2933 34TH AVE S MINNEAPOLIS MN 55406	M FOSTER & R CHANG	RESIDENTIAL	$289,400	40 ft
2925 34TH AVE S MINNEAPOLIS MN 55406	C A BAUMANN & A L BAUMANN	RESIDENTIAL	$283,400	40 ft
2937 34TH AVE S MINNEAPOLIS MN 55406	MELIZZA M RODRIGUEZ	RESIDENTIAL	$254,800	80 ft
2921 34TH AVE S MINNEAPOLIS MN 55406	JEREMY W HUBBELL	RESIDENTIAL	$306,700	80 ft
2941 34TH AVE S MINNEAPOLIS MN 55406	STACY C BEHRENS	RESIDENTIAL	$308,200	120 ft
2917 34TH AVE S MINNEAPOLIS MN 55406	ERIC L KILEN REV TR ET AL	RESIDENTIAL	$284,600	120 ft
2930 35TH AVE S MINNEAPOLIS MN 55406	KATIE ANNA LIA FERGUSON	RESIDENTIAL-TWO UNIT	$398,000	141 ft
2924 35TH AVE S MINNEAPOLIS MN 55406	ALLIANCE HOUSING INC	LOW INCOME RENTAL	$697,000	145 ft
2934 35TH AVE S MINNEAPOLIS MN 55406	FELICIA R WASHINGTON	RESIDENTIAL	$316,700	152 ft
2915 34TH AVE S MINNEAPOLIS MN 55406	F M MENDIETA/D P HERNANDEZ	RESIDENTIAL	$275,200	160 ft

Property History

Current Tax Year

Year2026

Tax Due$3,859