3037 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823220049

Property Overview

Parcel ID0502823220049

Lot Size5,952 sq ft (0.137 ac)

Lot Dimensions (est.)124 ft wide × 48 ft deep

Year Built1925

Property ClassRESIDENTIAL-TWO UNIT

OwnerI E HOUGARD/J A HOUGARD ETAL

Assessed Value$474,800

Land Value$154,000

Building Value$320,800

Annual Tax$7,297

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $18K total declared value · Most recent: Sep 2023 (res)

ResSep 2023Closed

CenterPoint Energy Resource Corp

ResJan 2023Closed

Goss Plumbing Inc

ResJan 2023Closed

Goss Plumbing Inc

RemodelMar 2022Closed

$11K

Innovative Basement Authority

MiscAug 2017Closed

$7K

SELA ROOFING AND REMODELING 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 width38 ft

Buildable depth84 ft

Area~3,191 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 3,191 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 47TH AVE S MINNEAPOLIS MN 55406	SARAH ROYSTER & JOHN GILLES	RESIDENTIAL	$537,500	49 ft
3031 47TH AVE S MINNEAPOLIS MN 55406	J P AND P A KOSMOSKI JT TR	RESIDENTIAL	$589,000	50 ft
3027 47TH AVE S MINNEAPOLIS MN 55406	J U GUERRA & K L R GUERRA	RESIDENTIAL	$384,600	95 ft
3023 47TH AVE S MINNEAPOLIS MN 55406	L F WOODS & M WOODS	RESIDENTIAL	$321,500	135 ft
3038 48TH AVE S MINNEAPOLIS MN 55406	3038 48TH AVE S LLC	RESIDENTIAL-TWO UNIT	$385,300	138 ft
3034 48TH AVE S MINNEAPOLIS MN 55406	GREGORY S WALLIN	RESIDENTIAL-TWO UNIT	$385,300	140 ft
3042 48TH AVE S MINNEAPOLIS MN 55406	MARY MURRAY & THOMAS MURRAY	RESIDENTIAL	$520,100	148 ft
3030 48TH AVE S MINNEAPOLIS MN 55406	JOHN M FOX	RESIDENTIAL-TWO UNIT	$385,300	153 ft
3026 48TH AVE S MINNEAPOLIS MN 55406	K E MATCHETT & J LIPMAN	RESIDENTIAL-TWO UNIT	$635,800	178 ft
3030 47TH AVE S MINNEAPOLIS MN 55406	MATHILDA O WOLSKE	RESIDENTIAL	$355,000	183 ft

Property History

Most Recent Sale

Date202211

Price$424,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,297