3031 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823220050

Property Overview

Parcel ID0502823220050

Lot Size6,324 sq ft (0.145 ac)

Lot Dimensions (est.)124 ft wide × 51 ft deep

Year Built1976

Property ClassRESIDENTIAL

OwnerJ P AND P A KOSMOSKI JT TR

Assessed Value$589,000

Land Value$158,000

Building Value$431,000

Annual Tax$9,431

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

2 permits on record since 2000 · $168K total declared value · Most recent: Jul 2025 (misc)

MiscJul 2025Closed

$18K

Midwest Roofing Siding and Windows Inc

Building Re-inspectionSep 2000

$150K

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 width41 ft

Buildable depth84 ft

Area~3,442 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 3,442 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3027 47TH AVE S MINNEAPOLIS MN 55406	J U GUERRA & K L R GUERRA	RESIDENTIAL	$384,600	45 ft
3037 47TH AVE S MINNEAPOLIS MN 55406	I E HOUGARD/J A HOUGARD ETAL	RESIDENTIAL-TWO UNIT	$474,800	50 ft
3023 47TH AVE S MINNEAPOLIS MN 55406	L F WOODS & M WOODS	RESIDENTIAL	$321,500	85 ft
3043 47TH AVE S MINNEAPOLIS MN 55406	SARAH ROYSTER & JOHN GILLES	RESIDENTIAL	$537,500	99 ft
3019 47TH AVE S MINNEAPOLIS MN 55406	JUSTIN ENERSON/ERIN ANDERSON	RESIDENTIAL	$370,300	135 ft
3030 48TH AVE S MINNEAPOLIS MN 55406	JOHN M FOX	RESIDENTIAL-TWO UNIT	$385,300	139 ft
3034 48TH AVE S MINNEAPOLIS MN 55406	GREGORY S WALLIN	RESIDENTIAL-TWO UNIT	$385,300	140 ft
3026 48TH AVE S MINNEAPOLIS MN 55406	K E MATCHETT & J LIPMAN	RESIDENTIAL-TWO UNIT	$635,800	152 ft
3038 48TH AVE S MINNEAPOLIS MN 55406	3038 48TH AVE S LLC	RESIDENTIAL-TWO UNIT	$385,300	152 ft
3042 48TH AVE S MINNEAPOLIS MN 55406	MARY MURRAY & THOMAS MURRAY	RESIDENTIAL	$520,100	173 ft

Property History

Most Recent Sale

Date200006

Price$172,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,431