3208 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823230043

Property Overview

Parcel ID0502823230043

Lot Size4,962 sq ft (0.114 ac)

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

Year Built1917

Property ClassRESIDENTIAL

OwnerY NGUYEN & M HARTMAN

Assessed Value$432,900

Land Value$222,000

Building Value$210,900

Annual Tax$6,595

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $61K total declared value · Most recent: Sep 2020 (remodel)

RemodelSep 2020Closed

$50K

CASTLE BUILDING & REMODELING INC

ResAug 2020Closed

A Johnson Plumbing Inc

ExistresAug 2020Closed

PRACTICAL SYSTEMS AND DUCTWORK HEATING AND COOLING

MiscAug 2019Closed

$11K

KAUFMAN SHEET METAL ROOFING 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
3204 47TH AVE S MINNEAPOLIS MN 55406	T D ERICKSON & M S CHRISTNER	RESIDENTIAL	$460,400	40 ft
3212 47TH AVE S MINNEAPOLIS MN 55406	SUSAN ELIZABETH PAPPAS VARCO	RESIDENTIAL	$421,700	40 ft
3200 47TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	80 ft
3216 47TH AVE S MINNEAPOLIS MN 55406	JULIA BECKER & DANA BECKER	RESIDENTIAL	$512,100	80 ft
3220 47TH AVE S MINNEAPOLIS MN 55406	W R MOORE & E M MOORE	RESIDENTIAL	$527,000	120 ft
3209 46TH AVE S MINNEAPOLIS MN 55406	M G GARNER/J A SMITH REV TR	RESIDENTIAL	$391,000	137 ft
3215 46TH AVE S MINNEAPOLIS MN 55406	N GONZALEZ & R PIGATI	RESIDENTIAL	$780,000	143 ft
3205 46TH AVE S MINNEAPOLIS MN 55406	CLAIRE L ZEISE/CRAIG M ZEISE	RESIDENTIAL	$373,400	143 ft
3217 46TH AVE S MINNEAPOLIS MN 55406	ANNIE L MCREE/DAVID M DOYLE	RESIDENTIAL	$414,600	159 ft
3201 46TH AVE S MINNEAPOLIS MN 55406	KENT HARRELL & JULIE HARRELL	RESIDENTIAL	$798,200	159 ft

Property History

Most Recent Sale

Date200503

Price$237,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,595