3654 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823330062

Property Overview

Parcel ID0502823330062

Lot Size6,114 sq ft (0.140 ac)

Lot Dimensions (est.)124 ft wide × 49 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerJOHN SMITH

Assessed Value$603,400

Land Value$244,000

Building Value$359,400

Annual Tax$9,705

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $18K total declared value · Most recent: Aug 2025 (res)

ResAug 2025Inspection

MN Plumbing & Home Services INC

ExistresMay 2024Closed

STAFFORD HOME SERVICE

MiscApr 2024Closed

$18K

KAUFMAN SHEET METAL ROOFING INC

ExistresSep 2023Closed

STAFFORD HOME SERVICE

ResJul 2018Closed

Urban Pine Plumbing and Mechanical 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

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 width111 ft

Buildable depth9 ft

Area~3,107 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 3,107 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3650 47TH AVE S MINNEAPOLIS MN 55406	LINDA R COYLE REVOC TRUST	RESIDENTIAL	$521,400	50 ft
3646 47TH AVE S MINNEAPOLIS MN 55406	S J ANDERL & T O CRAVENS	RESIDENTIAL	$584,600	100 ft
3700 47TH AVE S MINNEAPOLIS MN 55406	D W & M G DEVEREAUX	RESIDENTIAL	$653,500	119 ft
3655 46TH AVE S MINNEAPOLIS MN 55406	B NELSON & T L NELSON	RESIDENTIAL	$427,500	137 ft
3649 46TH AVE S MINNEAPOLIS MN 55406	BRADLEY E ELLIS	RESIDENTIAL	$452,100	145 ft
3642 47TH AVE S MINNEAPOLIS MN 55406	I GREGERSEN & T BOYLE	RESIDENTIAL	$486,300	150 ft
3645 46TH AVE S MINNEAPOLIS MN 55406	JANE E KIRTLEY	RESIDENTIAL	$464,900	169 ft
3704 47TH AVE S MINNEAPOLIS MN 55406	SHERYL M LEWIS TRUSTEE	RESIDENTIAL	$646,700	173 ft
3701 46TH AVE S MINNEAPOLIS MN 55406	FAY F W OJILE	RESIDENTIAL	$453,100	182 ft
3638 47TH AVE S MINNEAPOLIS MN 55406	RICHARD PIKE & BARBARA CONTI	RESIDENTIAL	$571,000	200 ft

Property History

Most Recent Sale

Date198709

Price$97,300

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,705