2932 42ND AVE S MINNEAPOLIS MN 55406

PID: 3102923430019

Property Overview

Parcel ID3102923430019

Lot Size5,169 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerFROST FAM PARTSHP CHERRY TER

Assessed Value$322,200

Land Value$145,000

Building Value$177,200

Annual Tax$4,988

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

3 permits on record since 2017 · $1K total declared value · Most recent: Jan 2021 (existres)

ExistresJan 2021Closed

The Snelling Co Inc

MiscSep 2019Closed

$1K

THINK STUCCO

ResJan 2017Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

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

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

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 depth89 ft

Area~2,676 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 2,676 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2936 42ND AVE S MINNEAPOLIS MN 55406	T SCHMITZ & M BARBER-SCHMITZ	RESIDENTIAL	$292,800	40 ft
2928 42ND AVE S MINNEAPOLIS MN 55406	ANDREW CHAVARRIA	RESIDENTIAL	$274,700	40 ft
2940 42ND AVE S MINNEAPOLIS MN 55406	C HELGOE & J SCHALDACH	RESIDENTIAL	$314,000	80 ft
2924 42ND AVE S MINNEAPOLIS MN 55406	P C VARGAS & D J VARGAS	RESIDENTIAL	$297,400	80 ft
2944 42ND AVE S MINNEAPOLIS MN 55406	S M KLEINJUNG/J L KLEINJUNG	RESIDENTIAL	$329,800	120 ft
2920 42ND AVE S MINNEAPOLIS MN 55406	AARON B JACOBS	RESIDENTIAL	$296,800	120 ft
2933 41ST AVE S MINNEAPOLIS MN 55406	STACEY A SKINNER	RESIDENTIAL	$282,800	141 ft
2929 41ST AVE S MINNEAPOLIS MN 55406	JOHN J SCHWARTZ	RESIDENTIAL	$250,500	146 ft
2937 41ST AVE S MINNEAPOLIS MN 55406	MAUREEN KAHN	RESIDENTIAL	$335,800	146 ft
2916 42ND AVE S MINNEAPOLIS MN 55406	C MM O'NEILL & H A FRISK	RESIDENTIAL	$340,800	160 ft

Property History

Most Recent Sale

Date201701

Price$210,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,988