3436 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823320074

Property Overview

Parcel ID0502823320074

Lot Size5,076 sq ft (0.117 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerC W KVALE & M A RALEY

Assessed Value$463,200

Land Value$270,000

Building Value$193,200

Annual Tax$7,102

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2019 · $172K total declared value · Most recent: Apr 2026 (existres)

ExistresApr 2026Closed

Standard Heating and Air Conditioning Inc

ExistresNov 2024Closed

4Front Energy Solutions Inc

ResNov 2024Closed

R Plumbing Co

RemodelOct 2024Closed

$148K

HANSON REMODELING

ResFeb 2024Closed

CenterPoint Energy Resource Corp

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 width30 ft

Buildable depth87 ft

Area~2,606 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 2,606 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3432 PARK TER MINNEAPOLIS MN 55406	EMILY GREEN/JAMES MANOLIS	RESIDENTIAL	$596,800	40 ft
3440 47TH AVE S MINNEAPOLIS MN 55406	KARL W & GINA JORGENSON	RESIDENTIAL	$424,500	40 ft
3428 PARK TER MINNEAPOLIS MN 55406	SECOND STRIPE LLC	RESIDENTIAL	$401,600	79 ft
3444 47TH AVE S MINNEAPOLIS MN 55406	J F PIPKIN & M P BROWNRIGG	RESIDENTIAL	$443,800	80 ft
3424 PARK TER MINNEAPOLIS MN 55406	PETER HUCKFELDT ET AL	RESIDENTIAL	$560,800	118 ft
3450 47TH AVE S MINNEAPOLIS MN 55406	M G SCHMITT & J A DOETKOTT	RESIDENTIAL	$476,300	124 ft
3437 46TH AVE S MINNEAPOLIS MN 55406	B I CORNELL & K A CORNELL	RESIDENTIAL	$473,000	139 ft
3433 46TH AVE S MINNEAPOLIS MN 55406	D B BERNICK & M G BERNICK	RESIDENTIAL	$490,700	144 ft
3441 46TH AVE S MINNEAPOLIS MN 55406	LAURA JEAN MYLAN	RESIDENTIAL	$472,900	146 ft
3429 46TH AVE S MINNEAPOLIS MN 55406	H D KING & J B KING	RESIDENTIAL	$513,900	159 ft

Property History

Most Recent Sale

Date198703

Price$118,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,102