3437 46TH AVE S MINNEAPOLIS MN 55406

PID: 0502823320081

Property Overview

Parcel ID0502823320081

Lot Size4,955 sq ft (0.114 ac)

Lot Dimensions (est.)124 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerB I CORNELL & K A CORNELL

Assessed Value$473,000

Land Value$211,000

Building Value$262,000

Annual Tax$7,266

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $25K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscOct 2023Closed

$13K

LEGACY RESTORATION LLC

ExistresFeb 2018Closed

Residential Heating and Air Conditioning Inc

RemodelSep 2017Closed

$12K

ALL ENERGY SOLAR 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 width30 ft

Buildable depth84 ft

Area~2,515 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 2,515 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3433 46TH AVE S MINNEAPOLIS MN 55406	D B BERNICK & M G BERNICK	RESIDENTIAL	$490,700	40 ft
3441 46TH AVE S MINNEAPOLIS MN 55406	LAURA JEAN MYLAN	RESIDENTIAL	$472,900	42 ft
3429 46TH AVE S MINNEAPOLIS MN 55406	H D KING & J B KING	RESIDENTIAL	$513,900	80 ft
3445 46TH AVE S MINNEAPOLIS MN 55406	JOHN A MEYER & LYNN M MEYER	RESIDENTIAL	$444,400	85 ft
3425 46TH AVE S MINNEAPOLIS MN 55406	R B MCMASTER & S A MCMASTER	RESIDENTIAL	$517,300	119 ft
3449 46TH AVE S MINNEAPOLIS MN 55406	JOAN FRANCES GUILFOYLE	RESIDENTIAL	$535,100	127 ft
3436 47TH AVE S MINNEAPOLIS MN 55406	C W KVALE & M A RALEY	RESIDENTIAL	$463,200	139 ft
3440 47TH AVE S MINNEAPOLIS MN 55406	KARL W & GINA JORGENSON	RESIDENTIAL	$424,500	144 ft
3432 PARK TER MINNEAPOLIS MN 55406	EMILY GREEN/JAMES MANOLIS	RESIDENTIAL	$596,800	145 ft
3428 PARK TER MINNEAPOLIS MN 55406	SECOND STRIPE LLC	RESIDENTIAL	$401,600	157 ft

Property History

Most Recent Sale

Date200101

Price$195,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,266