3540 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823320023

Property Overview

Parcel ID0502823320023

Lot Size5,820 sq ft (0.134 ac)

Lot Dimensions (est.)129 ft wide × 45 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerJOAN S ENDRES TRUSTEE

Assessed Value$507,100

Land Value$264,000

Building Value$243,100

Annual Tax$7,859

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $31K total declared value · Most recent: Jan 2025 (misc)

MiscJan 2025Closed

$8K

SCHERER BROTHERS LUMBER CO

MiscMay 2021Closed

$22K

PRINCIPLES BUILDING & REMODELING LLC

MiscMar 2021Closed

$2K

THINK STUCCO

ExistresSep 2019Closed

Dean's Professional Plumbing Inc

ResDec 2018Closed

Master Gas Fitters Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Howe · Minneapolis

Median reported rent984/mo

Renter-occupied4.6%

Median home value$373K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1090

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 width35 ft

Buildable depth89 ft

Area~3,126 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 3,126 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3536 47TH AVE S MINNEAPOLIS MN 55406	K M BRICKER & S ISHIZUKA	RESIDENTIAL	$514,000	45 ft
3544 47TH AVE S MINNEAPOLIS MN 55406	T TUNGE & D SCHERMERHORN	RESIDENTIAL	$640,700	45 ft
3532 47TH AVE S MINNEAPOLIS MN 55406	JOYCE J SCHULTZ	RESIDENTIAL	$484,400	90 ft
3548 47TH AVE S MINNEAPOLIS MN 55406	VANESSA H NG-WILKE	RESIDENTIAL	$607,800	93 ft
3528 47TH AVE S MINNEAPOLIS MN 55406	R S LEYS & M T STEFFES	RESIDENTIAL	$486,000	135 ft
3545 46TH AVE S MINNEAPOLIS MN 55406	E M HINCHCLIFFE & J B ESSIE	RESIDENTIAL	$443,500	141 ft
3549 46TH AVE S MINNEAPOLIS MN 55406	B EDELSCHICK/R G EDELSCHICK	RESIDENTIAL	$463,800	142 ft
3566 LENA SMITH BLVD MINNEAPOLIS MN 55406	ROANN G CRAMER	RESIDENTIAL	$544,000	150 ft
3541 46TH AVE S MINNEAPOLIS MN 55406	JOAN E KREIDER	RESIDENTIAL	$544,000	151 ft
3553 46TH AVE S MINNEAPOLIS MN 55406	B ROBERT & C ROBERT	RESIDENTIAL	$459,200	154 ft

Property History

Most Recent Sale

Date199905

Price$208,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,859