3209 46TH AVE S MINNEAPOLIS MN 55406

PID: 0502823230060

Property Overview

Parcel ID0502823230060

Lot Size4,962 sq ft (0.114 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerM G GARNER/J A SMITH REV TR

Assessed Value$391,000

Land Value$211,000

Building Value$180,000

Annual Tax$5,893

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

6 permits on record since 2018 · $19K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$15K

ABC Exteriors Inc

ResJun 2023Closed

Erik Nelson Plumbing LLC

ResMar 2023Closed

CenterPoint Energy Resource Corp

ExistresSep 2020Closed

Airic's Heating & Air Conditioning Inc

AdditionAug 2018Closed

$4K

Mark G Garner

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

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3215 46TH AVE S MINNEAPOLIS MN 55406	N GONZALEZ & R PIGATI	RESIDENTIAL	$780,000	40 ft
3205 46TH AVE S MINNEAPOLIS MN 55406	CLAIRE L ZEISE/CRAIG M ZEISE	RESIDENTIAL	$373,400	40 ft
3217 46TH AVE S MINNEAPOLIS MN 55406	ANNIE L MCREE/DAVID M DOYLE	RESIDENTIAL	$414,600	80 ft
3201 46TH AVE S MINNEAPOLIS MN 55406	KENT HARRELL & JULIE HARRELL	RESIDENTIAL	$798,200	80 ft
3221 46TH AVE S MINNEAPOLIS MN 55406	S ARORA & J MORSE	RESIDENTIAL-TWO UNIT	$476,700	120 ft
3208 47TH AVE S MINNEAPOLIS MN 55406	Y NGUYEN & M HARTMAN	RESIDENTIAL	$432,900	137 ft
3204 47TH AVE S MINNEAPOLIS MN 55406	T D ERICKSON & M S CHRISTNER	RESIDENTIAL	$460,400	143 ft
3212 47TH AVE S MINNEAPOLIS MN 55406	SUSAN ELIZABETH PAPPAS VARCO	RESIDENTIAL	$421,700	143 ft
3200 47TH AVE S MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	159 ft
3216 47TH AVE S MINNEAPOLIS MN 55406	JULIA BECKER & DANA BECKER	RESIDENTIAL	$512,100	159 ft

Property History

Most Recent Sale

Date198901

Price$78,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,893