3244 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823230069

Property Overview

Parcel ID0502823230069

Lot Size5,752 sq ft (0.132 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerREBECCA RIZZUTO

Assessed Value$481,500

Land Value$237,000

Building Value$244,500

Annual Tax$7,409

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2018 · $6K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

Master Plumbing Services LLC

ResJun 2022Closed

MN Plumbing & Home Services INC

MiscJul 2021Closed

$6K

STANDARD WATER CONTROL SYSTEMS INC

ExistresOct 2018Closed

Centraire Heating & Air Conditioning LLC

ResJan 2018Closed

Centraire Heating & Air Conditioning LLC

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$386K+4.2% YoY

Median price / sqft$263/sqft

Median days to close13 days

Active listings43

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 width36 ft

Buildable depth85 ft

Area~3,060 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 3,060 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
3240 47TH AVE S MINNEAPOLIS MN 55406	CRAIG W CROPPER	RESIDENTIAL	$277,900	41 ft
3250 47TH AVE S MINNEAPOLIS MN 55406	M A HENDRICKSON/E L NIBLETT	RESIDENTIAL	$858,000	69 ft
3236 47TH AVE S MINNEAPOLIS MN 55406	C E JONES & N E JONES	RESIDENTIAL	$352,000	78 ft
3232 47TH AVE S MINNEAPOLIS MN 55406	P & S JOHNSON	RESIDENTIAL	$422,500	117 ft
3245 46TH AVE S MINNEAPOLIS MN 55406	F R PETERSON/R A PETERSON TR	RESIDENTIAL	$448,500	137 ft
3241 46TH AVE S MINNEAPOLIS MN 55406	CAROLINE HERMAN	RESIDENTIAL	$347,500	143 ft
3249 46TH AVE S MINNEAPOLIS MN 55406	R L & K L FOLEY	RESIDENTIAL	$354,100	145 ft
3228 47TH AVE S MINNEAPOLIS MN 55406	MARGARET SMITH	RESIDENTIAL	$370,300	157 ft
3237 46TH AVE S MINNEAPOLIS MN 55406	MARY MARGARET LAWLER	RESIDENTIAL	$310,000	157 ft
3253 46TH AVE S MINNEAPOLIS MN 55406	MOLLY D REAGAN	RESIDENTIAL	$491,200	166 ft

Property History

Most Recent Sale

Date202107

Price$418,221

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,409