3215 48TH AVE S MINNEAPOLIS MN 55406

PID: 0502823230015

Property Overview

Parcel ID0502823230015

Lot Size4,962 sq ft (0.114 ac)

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

Year Built1936

Property ClassRESIDENTIAL

OwnerCHARLES L BOYD JR REVOC TR

Assessed Value$472,800

Land Value$222,000

Building Value$250,800

Annual Tax$7,263

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

12 permits on record since 2017 · $27K total declared value · Most recent: Apr 2026 (remodel)

RemodelApr 2026Closed

$3K

EGRESS WINDOW GUY

ResJan 2026Closed

Warners Stellian Co Inc

MiscJul 2024Closed

$9K

RENEWAL BY ANDERSEN CORP

ResJun 2023Closed

CenterPoint Energy Resource Corp

MiscNov 2020Closed

$5K

NORTHRUP REMODELING

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
3217 48TH AVE S MINNEAPOLIS MN 55406	KEVEN K ROUNDS	RESIDENTIAL	$298,000	40 ft
3209 48TH AVE S MINNEAPOLIS MN 55406	PAUL E JENSEN	RESIDENTIAL	$483,300	40 ft
3221 48TH AVE S MINNEAPOLIS MN 55406	ASTERIX MANAGEMENT LLC	RESIDENTIAL-TWO UNIT	$449,700	80 ft
3205 48TH AVE S MINNEAPOLIS MN 55406	K & T ANDERSON	RESIDENTIAL	$367,800	80 ft
3225 48TH AVE S MINNEAPOLIS MN 55406	D B SONESON & C A SKALKO	RESIDENTIAL	$471,800	120 ft
3201 48TH AVE S MINNEAPOLIS MN 55406	CAROL BECKER/VICCI KORMAN TR	RESIDENTIAL	$406,500	120 ft
3229 48TH AVE S MINNEAPOLIS MN 55406	DONNA MARIE J ANDERSON	RESIDENTIAL	$387,500	160 ft
3208 LENA SMITH BLVD MINNEAPOLIS MN 55406	ROBERT E QUIRK ETAL	RESIDENTIAL	$593,000	166 ft
3212 LENA SMITH BLVD MINNEAPOLIS MN 55406	R E BAKER JR & L L BAKER	RESIDENTIAL	$645,000	168 ft
3204 LENA SMITH BLVD MINNEAPOLIS MN 55406	STEPHEN MENYA & LEAH MENYA	RESIDENTIAL	$553,800	174 ft

Property History

Most Recent Sale

Date200104

Price$234,630

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,263