3301 46TH AVE S MINNEAPOLIS MN 55406

PID: 0502823230101

Property Overview

Parcel ID0502823230101

Lot Size4,999 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerJ E & T J KRETZMANN TRSTEE

Assessed Value$480,800

Land Value$212,000

Building Value$268,800

Annual Tax$7,397

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · Most recent: Jun 2023 (res)

ResJun 2023Closed

CenterPoint Energy Resource Corp

ResFeb 2022Closed

Warners Stellian Co Inc

ExistresMay 2018Closed

Blue Ox Heating and Air 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$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 depth0 ft

Area~2,294 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,294 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3305 46TH AVE S MINNEAPOLIS MN 55406	JOAN A SMITH	RESIDENTIAL	$431,000	40 ft
3309 46TH AVE S MINNEAPOLIS MN 55406	N STROMBECK & A L D PETERSON	RESIDENTIAL	$383,300	80 ft
3253 46TH AVE S MINNEAPOLIS MN 55406	MOLLY D REAGAN	RESIDENTIAL	$491,200	109 ft
3315 46TH AVE S MINNEAPOLIS MN 55406	JANET LOUISE NORMAN	RESIDENTIAL	$400,000	120 ft
3300 47TH AVE S MINNEAPOLIS MN 55406	JULIA GABLER	RESIDENTIAL	$598,800	137 ft
3304 47TH AVE S MINNEAPOLIS MN 55406	MICHAEL TROSMAN TRUST	RESIDENTIAL	$437,800	142 ft
3249 46TH AVE S MINNEAPOLIS MN 55406	R L & K L FOLEY	RESIDENTIAL	$354,100	155 ft
3308 47TH AVE S MINNEAPOLIS MN 55406	JOHN HAYES PETERSBURG	RESIDENTIAL	$399,000	158 ft
3317 46TH AVE S MINNEAPOLIS MN 55406	J MCGOVERN & B SCHMITZ	RESIDENTIAL	$495,800	160 ft
3300 46TH AVE S MINNEAPOLIS MN 55406	T L THOMAS & B K THOMAS	RESIDENTIAL	$338,600	174 ft

Property History

Current Tax Year

Year2026

Tax Due$7,397