3548 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823320025

Property Overview

Parcel ID0502823320025

Lot Size6,557 sq ft (0.151 ac)

Lot Dimensions (est.)129 ft wide × 51 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerVANESSA H NG-WILKE

Assessed Value$607,800

Land Value$276,000

Building Value$331,800

Annual Tax$9,788

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $11K total declared value · Most recent: May 2025 (misc)

MiscMay 2025Closed

$4K

Vanessa Wilke

ResOct 2021Closed

Glowing Hearth & Home LLC

ExistresOct 2018Closed

Airic's Heating & Air Conditioning Inc

MiscDec 2017Closed

$7K

JEFFREY PAUL JOHNSON

ResJan 2017Closed

CENTERPOINT ENERGY

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

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 width116 ft

Buildable depth11 ft

Area~3,368 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 3,368 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3544 47TH AVE S MINNEAPOLIS MN 55406	T TUNGE & D SCHERMERHORN	RESIDENTIAL	$640,700	48 ft
3540 47TH AVE S MINNEAPOLIS MN 55406	JOAN S ENDRES TRUSTEE	RESIDENTIAL	$507,100	93 ft
3536 47TH AVE S MINNEAPOLIS MN 55406	K M BRICKER & S ISHIZUKA	RESIDENTIAL	$514,000	138 ft
3557 46TH AVE S MINNEAPOLIS MN 55406	JOHN R DUNNE	RESIDENTIAL	$329,500	141 ft
3553 46TH AVE S MINNEAPOLIS MN 55406	B ROBERT & C ROBERT	RESIDENTIAL	$459,200	143 ft
3600 LENA SMITH BLVD MINNEAPOLIS MN 55406	MOIRA DENNIS & ROWAN NAIRN	RESIDENTIAL	$703,000	153 ft
3549 46TH AVE S MINNEAPOLIS MN 55406	B EDELSCHICK/R G EDELSCHICK	RESIDENTIAL	$463,800	156 ft
4617 36TH ST E MINNEAPOLIS MN 55406	H ROSENSTEIN/R ALBERTA TR	RESIDENTIAL	$680,700	166 ft
3545 46TH AVE S MINNEAPOLIS MN 55406	E M HINCHCLIFFE & J B ESSIE	RESIDENTIAL	$443,500	177 ft
4611 36TH ST E MINNEAPOLIS MN 55406	KEVIN P LEE & DEANNE C LEE	RESIDENTIAL	$781,400	179 ft

Property History

Most Recent Sale

Date202409

Price$700,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,788