3023 46TH AVE S MINNEAPOLIS MN 55406

PID: 0502823220035

Property Overview

Parcel ID0502823220035

Lot Size4,960 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerM J MEDVEC & P K MEDVEC

Assessed Value$378,700

Land Value$134,000

Building Value$244,700

Annual Tax$5,687

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

4 permits on record since 2020 · $22K total declared value · Most recent: Nov 2023 (misc)

MiscNov 2023Closed

$12K

Pamela Medvec

ResMar 2023Closed

CenterPoint Energy Resource Corp

ExistresApr 2021Closed

Airic's Heating & Air Conditioning Inc

MiscAug 2020Closed

$10K

Mike Medvec

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 depth84 ft

Area~2,519 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 2,519 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3021 46TH AVE S MINNEAPOLIS MN 55406	P GRIMM & J M WEYCKER	RESIDENTIAL	$398,400	40 ft
3027 46TH AVE S MINNEAPOLIS MN 55406	A G HERRICK & C J HERRICK	RESIDENTIAL	$427,400	40 ft
3019 46TH AVE S MINNEAPOLIS MN 55406	DANIEL P ROMERO	RESIDENTIAL-TWO UNIT	$387,600	80 ft
3031 46TH AVE S MINNEAPOLIS MN 55406	JAMES F & JUNE M STUHR	RESIDENTIAL-TWO UNIT	$451,700	80 ft
3017 46TH AVE S MINNEAPOLIS MN 55406	C M STOTLER/J ADAMEK-BOWERS	RESIDENTIAL	$542,800	120 ft
3035 46TH AVE S MINNEAPOLIS MN 55406	J A WOLFF & C F HOLLENDER	RESIDENTIAL	$317,400	120 ft
3022 47TH AVE S MINNEAPOLIS MN 55406	JEAN MENDENHALL	RESIDENTIAL	$389,400	138 ft
3020 47TH AVE S MINNEAPOLIS MN 55406	J M CARRILLO & M M WINKER	RESIDENTIAL	$463,000	152 ft
3028 47TH AVE S MINNEAPOLIS MN 55406	OLGA TOLLE-RODRIGUES	TRIPLEX	$553,200	155 ft
3011 46TH AVE S MINNEAPOLIS MN 55406	LONGFELLOW LIMITED PRTNR LLC	RESIDENTIAL-TWO UNIT	$406,700	160 ft

Property History

Most Recent Sale

Date198708

Price$55,800

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,687