3049 46TH AVE S MINNEAPOLIS MN 55406

PID: 0502823220013

Property Overview

Parcel ID0502823220013

Lot Size5,240 sq ft (0.120 ac)

Lot Dimensions (est.)131 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerT C HUBERTY/E J WATKINS L TR

Assessed Value$304,800

Land Value$138,000

Building Value$166,800

Annual Tax$334

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 depth91 ft

Area~2,729 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 2,729 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
3043 46TH AVE S MINNEAPOLIS MN 55406	D A HOLTZ SR & K S HOLTZ	RESIDENTIAL	$346,500	40 ft
3101 46TH AVE S MINNEAPOLIS MN 55406	GEBHART NEWBY LIVING TRUST	RESIDENTIAL	$367,800	48 ft
3039 46TH AVE S MINNEAPOLIS MN 55406	CHARLES D & SARAH R HOWLAND	RESIDENTIAL	$406,500	82 ft
3105 46TH AVE S MINNEAPOLIS MN 55406	MINNEHAHA ACADEMY	COMMERCIAL-PREFERRED	$0	103 ft
3035 46TH AVE S MINNEAPOLIS MN 55406	J A WOLFF & C F HOLLENDER	RESIDENTIAL	$317,400	123 ft
3050 47TH AVE S MINNEAPOLIS MN 55406	ADAM BABCOCK & TAMAR SANTOS	RESIDENTIAL	$358,100	131 ft
3038 47TH AVE S MINNEAPOLIS MN 55406	L P & D J LITECKY TRSTS	RESIDENTIAL	$357,900	136 ft
3100 47TH AVE S MINNEAPOLIS MN 55406	DOUGLAS R BRAITHWAITE	RESIDENTIAL	$336,000	139 ft
3034 47TH AVE S MINNEAPOLIS MN 55406	SUSAN PATTERSON	RESIDENTIAL	$385,900	156 ft
3106 47TH AVE S MINNEAPOLIS MN 55406	MINNEHAHA ACADEMY	COMMERCIAL-PREFERRED	$0	163 ft

Property History

Most Recent Sale

Date199610

Price$117,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$334