3254 48TH AVE S MINNEAPOLIS MN 55406

PID: 0502823230065

Property Overview

Parcel ID0502823230065

Lot Size5,777 sq ft (0.133 ac)

Lot Dimensions (est.)125 ft wide × 46 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerDOROTHY PAMER SINHA REV TR

Assessed Value$633,700

Land Value$238,000

Building Value$395,700

Annual Tax$10,279

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2002 · $95K total declared value · Most recent: Feb 2025 (misc)

MiscFeb 2025Closed

$9K

RENEWAL BY ANDERSEN CORP

ResApr 2024Closed

Warners Stellian Co Inc

MiscSep 2023Closed

$21K

WALKER ROOFING CO

ResJun 2023Closed

CenterPoint Energy Resource Corp

ExistresMar 2022Closed

K & S Heating Air Conditioning & Plumbing 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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth6 ft

Area~2,823 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 2,823 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3248 48TH AVE S MINNEAPOLIS MN 55406	T SAGEDAHL & H LUDDEN	RESIDENTIAL	$560,400	46 ft
3244 48TH AVE S MINNEAPOLIS MN 55406	P L HARPER/M E BOGUE-HARPER	RESIDENTIAL	$540,000	92 ft
3300 48TH AVE S MINNEAPOLIS MN 55406	ENDERS FAMILY TRUST	RESIDENTIAL	$486,300	109 ft
3240 48TH AVE S MINNEAPOLIS MN 55406	LEONARD HARVEY THORLEIFSON	RESIDENTIAL	$493,900	131 ft
3255 47TH AVE S MINNEAPOLIS MN 55406	KARL D OLSON & NANCY A OLSON	RESIDENTIAL	$589,200	137 ft
3249 47TH AVE S MINNEAPOLIS MN 55406	KIM GORDON	RESIDENTIAL	$511,900	144 ft
3304 48TH AVE S MINNEAPOLIS MN 55406	GARY M & SUSAN D OSGOOD	RESIDENTIAL	$365,100	149 ft
3245 47TH AVE S MINNEAPOLIS MN 55406	P STREBE/J D STREBE	RESIDENTIAL	$474,600	164 ft
3236 48TH AVE S MINNEAPOLIS MN 55406	A S O'CHEA & B M O'SHEA	RESIDENTIAL	$541,500	166 ft
3301 47TH AVE S MINNEAPOLIS MN 55406	MARGARET A MILLER TRUSTEE	RESIDENTIAL	$423,900	176 ft

Property History

Current Tax Year

Year2026

Tax Due$10,279