3229 48TH AVE S MINNEAPOLIS MN 55406

PID: 0502823230011

Property Overview

Parcel ID0502823230011

Lot Size4,962 sq ft (0.114 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerDONNA MARIE J ANDERSON

Assessed Value$387,500

Land Value$222,000

Building Value$165,500

Annual Tax$7,521

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $7K total declared value · Most recent: Jul 2023 (res)

ResJul 2023Expired

Warners Stellian Co Inc

MiscOct 2021Cancelled

$4K

Safe Basements of MN

RemodelDec 2018Closed

$3K

EGRESS WINDOW GUY

ResAug 2017Closed

Urban Pine Plumbing and Mechanical 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 width30 ft

Buildable depth84 ft

Area~2,520 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 2,520 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3233 48TH AVE S MINNEAPOLIS MN 55406	SARAH ENGELHARDT	RESIDENTIAL-TWO UNIT	$422,700	40 ft
3225 48TH AVE S MINNEAPOLIS MN 55406	D B SONESON & C A SKALKO	RESIDENTIAL	$471,800	40 ft
3221 48TH AVE S MINNEAPOLIS MN 55406	ASTERIX MANAGEMENT LLC	RESIDENTIAL-TWO UNIT	$449,700	80 ft
3237 48TH AVE S MINNEAPOLIS MN 55406	M L OSTLUND & D L BATTLES	RESIDENTIAL	$486,100	94 ft
3217 48TH AVE S MINNEAPOLIS MN 55406	KEVEN K ROUNDS	RESIDENTIAL	$298,000	120 ft
3215 48TH AVE S MINNEAPOLIS MN 55406	CHARLES L BOYD JR REVOC TR	RESIDENTIAL	$472,800	160 ft
3245 48TH AVE S MINNEAPOLIS MN 55406	S & S TRUAX	RESIDENTIAL	$531,700	160 ft
3226 LENA SMITH BLVD MINNEAPOLIS MN 55406	MARK A CHEPLE/MARILOU CHEPLE	RESIDENTIAL	$680,000	181 ft
3228 48TH AVE S MINNEAPOLIS MN 55406	R M ROTHSTEIN/C H ROTHSTEIN	RESIDENTIAL	$386,100	184 ft
3220 LENA SMITH BLVD MINNEAPOLIS MN 55406	J F LAUBER & E J LINCOLN	RESIDENTIAL	$580,000	188 ft

Property History

Most Recent Sale

Date198411

Price$61,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,521