3507 46TH AVE S MINNEAPOLIS MN 55406

PID: 0502823320097

Property Overview

Parcel ID0502823320097

Lot Size5,704 sq ft (0.131 ac)

Lot Dimensions (est.)124 ft wide × 46 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerMATTHEW PIRAS

Assessed Value$433,900

Land Value$226,000

Building Value$207,900

Annual Tax$6,836

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2016 · $71K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscNov 2023Closed

$11K

KAUFMAN SHEET METAL ROOFING INC

ResAug 2020Closed

WOODLAND STOVES & FIREPLACES

RemodelDec 2016Closed

$5K

ADVANCED WATERPROOFING AND FOUNDATION REPAIRS INC

ExistresDec 2016Closed

Flare Heating & Air Conditioning, 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 width36 ft

Buildable depth84 ft

Area~3,023 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 3,023 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3511 46TH AVE S MINNEAPOLIS MN 55406	GAYLE M TREBESCH TRUST	RESIDENTIAL	$403,900	46 ft
3501 46TH AVE S MINNEAPOLIS MN 55406	JULIE A CAVANAUGH	RESIDENTIAL	$487,600	48 ft
3515 46TH AVE S MINNEAPOLIS MN 55406	M BATESKY/L ERICKSON-BATESKY	RESIDENTIAL	$429,900	92 ft
3521 46TH AVE S MINNEAPOLIS MN 55406	J H BOLSER & C E OLIVER	RESIDENTIAL	$577,100	138 ft
3504 47TH AVE S MINNEAPOLIS MN 55406	P C O'KEEFE & A S O'KEEFE	RESIDENTIAL	$493,900	139 ft
3508 47TH AVE S MINNEAPOLIS MN 55406	SARAH & EDMUND PHILLIPS	RESIDENTIAL	$504,200	146 ft
3500 47TH AVE S MINNEAPOLIS MN 55406	M O'NEILL & J O'NEILL	RESIDENTIAL	$543,600	148 ft
3449 46TH AVE S MINNEAPOLIS MN 55406	JOAN FRANCES GUILFOYLE	RESIDENTIAL	$535,100	154 ft
3512 47TH AVE S MINNEAPOLIS MN 55406	Y ONISHI & S E KIM	RESIDENTIAL	$500,200	165 ft
3525 46TH AVE S MINNEAPOLIS MN 55406	SARAH BUCKLEY	RESIDENTIAL	$480,600	184 ft

Property History

Most Recent Sale

Date202112

Price$439,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,836