3700 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823330069

Property Overview

Parcel ID0502823330069

Lot Size6,627 sq ft (0.152 ac)

Lot Dimensions (est.)124 ft wide × 54 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerD W & M G DEVEREAUX

Assessed Value$653,500

Land Value$251,000

Building Value$402,500

Annual Tax$10,656

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $16K total declared value · Most recent: Aug 2025 (res)

ResAug 2025Closed

FIRESIDE HEARTH AND HOME

MiscOct 2023Closed

$5K

Customer First Contractors LLC

ExistresOct 2022Closed

SUNBURST HEATING AND AIR CONDITIONING INC

ResOct 2022Closed

True Plumbing Solutions MN LLC

RemodelSep 2022Closed

$5K

AMB CONSTRUCTION LLC

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 depth14 ft

Area~3,456 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 3,456 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
3704 47TH AVE S MINNEAPOLIS MN 55406	SHERYL M LEWIS TRUSTEE	RESIDENTIAL	$646,700	54 ft
3708 47TH AVE S MINNEAPOLIS MN 55406	R L EVENSON & D L GAHRES	RESIDENTIAL	$525,600	109 ft
3654 47TH AVE S MINNEAPOLIS MN 55406	JOHN SMITH	RESIDENTIAL	$603,400	119 ft
3701 46TH AVE S MINNEAPOLIS MN 55406	FAY F W OJILE	RESIDENTIAL	$453,100	137 ft
3705 46TH AVE S MINNEAPOLIS MN 55406	L ANDERSON & J K ANDERSON	RESIDENTIAL	$489,800	146 ft
4701 37TH ST E MINNEAPOLIS MN 55406	BRENDA M SMAIL	RESIDENTIAL	$595,800	153 ft
3712 47TH AVE S MINNEAPOLIS MN 55406	A R HAWKINSON & D HAWKINSON	RESIDENTIAL	$481,400	165 ft
3709 46TH AVE S MINNEAPOLIS MN 55406	ERLANDSON SWAIN TRUST	RESIDENTIAL	$553,000	166 ft
3650 47TH AVE S MINNEAPOLIS MN 55406	LINDA R COYLE REVOC TRUST	RESIDENTIAL	$521,400	168 ft
3655 46TH AVE S MINNEAPOLIS MN 55406	B NELSON & T L NELSON	RESIDENTIAL	$427,500	180 ft

Property History

Most Recent Sale

Date199103

Price$156,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$10,656