2433 29TH AVE S MINNEAPOLIS MN 55406

PID: 3602924140054

Property Overview

Parcel ID3602924140054

Lot Size7,067 sq ft (0.162 ac)

Lot Dimensions (est.)157 ft wide × 45 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerLAURA J MURPHY

Assessed Value$215,800

Land Value$159,000

Building Value$56,800

Annual Tax$2,960

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $12K total declared value · Most recent: Apr 2024 (existres)

ExistresApr 2024Closed

4Front Energy Solutions Inc

ResNov 2023Closed

Urban Pine Plumbing and Mechanical Inc

MiscAug 2023Closed

$6K

DAVE KNUTSON SIDING LLC

MiscJun 2023Closed

$3K

Holmlund Masonry Inc

MiscMar 2017Closed

$3K

NORTHRUP REMODELING

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

Neighborhood Profile

Seward · Minneapolis

Median reported rent1,337/mo

Renter-occupied28.1%

Median home value$329K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1075

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 width35 ft

Buildable depth117 ft

Area~4,096 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 4,096 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
2437 29TH AVE S MINNEAPOLIS MN 55406	B MARSHALL & M MARSHALL	RESIDENTIAL-TWO UNIT	$371,100	46 ft
2429 29TH AVE S MINNEAPOLIS MN 55406	S L PELLETIER & H C HAAN	RESIDENTIAL-TWO UNIT	$463,600	47 ft
2425 29TH AVE S MINNEAPOLIS MN 55406	CHRISTOPHER A AVERBECK	RESIDENTIAL	$407,000	94 ft
2441 29TH AVE S MINNEAPOLIS MN 55406	S E LAWRENCE & C S IKE	RESIDENTIAL	$194,700	97 ft
2902 25TH ST E MINNEAPOLIS MN 55406	A MILIARESIS & M MILIARESIS	RESIDENTIAL-TWO UNIT	$339,200	123 ft
2914 25TH ST E MINNEAPOLIS MN 55406	C A LAAKSO BERKNER LIVING TR	RESIDENTIAL-TWO UNIT	$350,700	130 ft
2421 29TH AVE S MINNEAPOLIS MN 55406	E H WEST/T J BEER/R A DOUCET	RESIDENTIAL	$478,200	143 ft
2900 25TH ST E MINNEAPOLIS MN 55406	M T & S A PETERSON	RESIDENTIAL	$259,400	146 ft
2916 25TH ST E MINNEAPOLIS MN 55406	P M STARR & K J STARR	RESIDENTIAL	$182,600	163 ft
2432 30TH AVE S MINNEAPOLIS MN 55406	P M MUNENE & K L OSTENDORF	RESIDENTIAL-TWO UNIT	$430,100	173 ft

Property History

Most Recent Sale

Date200210

Price$143,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,960