3020 48TH AVE S MINNEAPOLIS MN 55406

PID: 0502823220039

Property Overview

Parcel ID0502823220039

Lot Size6,696 sq ft (0.154 ac)

Lot Dimensions (est.)124 ft wide × 54 ft deep

Year Built1950

Property ClassRESIDENTIAL-TWO UNIT

OwnerMARK F CARLSON

Assessed Value$636,700

Land Value$178,000

Building Value$458,700

Annual Tax$10,337

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $6K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$6K

Customer First Contractors LLC

ResJun 2023Closed

CenterPoint Energy Resource Corp

ExistresMar 2022Closed

TOTAL COMFORT

ComnofdbvJan 2017Closed

CHAMPION PLUMBING LLC

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 width44 ft

Buildable depth84 ft

Area~3,694 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 3,694 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3014 48TH AVE S MINNEAPOLIS MN 55406	ANDREW VANVICK & LYNN PHAM	RESIDENTIAL	$573,700	47 ft
3026 48TH AVE S MINNEAPOLIS MN 55406	K E MATCHETT & J LIPMAN	RESIDENTIAL-TWO UNIT	$635,800	54 ft
3010 RIVER PKWY W MINNEAPOLIS MN 55406	RIVER ROAD WEST L L C	VACANT LAND-APARTMENT	$81,800	90 ft
3030 48TH AVE S MINNEAPOLIS MN 55406	JOHN M FOX	RESIDENTIAL-TWO UNIT	$385,300	101 ft
3019 47TH AVE S MINNEAPOLIS MN 55406	JUSTIN ENERSON/ERIN ANDERSON	RESIDENTIAL	$370,300	139 ft
3034 48TH AVE S MINNEAPOLIS MN 55406	GREGORY S WALLIN	RESIDENTIAL-TWO UNIT	$385,300	141 ft
3023 47TH AVE S MINNEAPOLIS MN 55406	L F WOODS & M WOODS	RESIDENTIAL	$321,500	141 ft
3027 47TH AVE S MINNEAPOLIS MN 55406	J U GUERRA & K L R GUERRA	RESIDENTIAL	$384,600	156 ft
3011 47TH AVE S MINNEAPOLIS MN 55406	BARBARA J SHIN	RESIDENTIAL	$390,000	158 ft
3038 48TH AVE S MINNEAPOLIS MN 55406	3038 48TH AVE S LLC	RESIDENTIAL-TWO UNIT	$385,300	181 ft

Property History

Most Recent Sale

Date200310

Price$420,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,337