3345 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823230115

Property Overview

Parcel ID0502823230115

Lot Size5,000 sq ft (0.115 ac)

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

Year Built1931

Property ClassRESIDENTIAL

OwnerK M & M A KREITZER

Assessed Value$436,100

Land Value$224,000

Building Value$212,100

Annual Tax$6,649

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $65K total declared value · Most recent: Jun 2023 (res)

ResJun 2023Closed

CenterPoint Energy Resource Corp

ResOct 2020Cancelled

FIRESIDE HEARTH AND HOME

ResOct 2020Closed

FIRESIDE HEARTH AND HOME

AdditionSep 2020Closed

$65K

HANSON REMODELING

ExistresSep 2020Closed

APOLLO HEATING AND AIR

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 depth85 ft

Area~2,549 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 2,549 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
3341 47TH AVE S MINNEAPOLIS MN 55406	DANIEL W MOZEY/ELLEN A MOZEY	RESIDENTIAL	$367,200	40 ft
3349 47TH AVE S MINNEAPOLIS MN 55406	S L P CHRISTIANSEN ET AL	RESIDENTIAL	$700,200	46 ft
3337 47TH AVE S MINNEAPOLIS MN 55406	JOSHUA BRUNS	RESIDENTIAL	$282,700	80 ft
3353 47TH AVE S MINNEAPOLIS MN 55406	BROVOLD HARMS TRUST	RESIDENTIAL	$472,900	100 ft
3333 47TH AVE S MINNEAPOLIS MN 55406	S AGOSTONI & C E BUCHWALD	RESIDENTIAL	$425,700	120 ft
3344 48TH AVE S MINNEAPOLIS MN 55406	P S & R L WILLIAMS	RESIDENTIAL	$542,000	137 ft
3340 48TH AVE S MINNEAPOLIS MN 55406	DANIEL J O'LOUGHLIN ET AL	RESIDENTIAL	$445,200	143 ft
3348 48TH AVE S MINNEAPOLIS MN 55406	ELIZABETH E HINZ TRUSTEE	RESIDENTIAL	$486,200	143 ft
3336 48TH AVE S MINNEAPOLIS MN 55406	GERALD L GRANT	RESIDENTIAL	$288,100	159 ft
3329 47TH AVE S MINNEAPOLIS MN 55406	J R JOHNSON & J F MCCLUSKEY	RESIDENTIAL	$392,400	160 ft

Property History

Most Recent Sale

Date199412

Price$114,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,649