3709 46TH AVE S MINNEAPOLIS MN 55406

PID: 0502823330077

Property Overview

Parcel ID0502823330077

Lot Size5,457 sq ft (0.125 ac)

Lot Dimensions (est.)124 ft wide × 44 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerERLANDSON SWAIN TRUST

Assessed Value$553,000

Land Value$221,000

Building Value$332,000

Annual Tax$8,748

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

14 permits on record since 2018 · $165K total declared value · Most recent: Jun 2024 (existres)

ExistresJun 2024Closed

McQuillan Home Services LLC

ResJun 2024Closed

McQuillan Home Services LLC

MiscNov 2023Closed

$22K

Clear Cut Xteriors LLC

ExistresApr 2023Closed

McQuillan Bros Plumbing Heating & AC LLC

ResMar 2023Closed

Master Plumbing Services LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

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 width34 ft

Buildable depth84 ft

Area~2,856 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 2,856 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3715 46TH AVE S MINNEAPOLIS MN 55406	T B MCCUSKER & J L BAKER	RESIDENTIAL	$484,700	44 ft
3705 46TH AVE S MINNEAPOLIS MN 55406	L ANDERSON & J K ANDERSON	RESIDENTIAL	$489,800	44 ft
3717 46TH AVE S MINNEAPOLIS MN 55406	T MADHUSOODANAN/S RAJAGOPAL	RESIDENTIAL	$575,500	88 ft
3701 46TH AVE S MINNEAPOLIS MN 55406	FAY F W OJILE	RESIDENTIAL	$453,100	93 ft
3725 46TH AVE S MINNEAPOLIS MN 55406	TYLER C SPENCEWOOD ET AL	RESIDENTIAL	$459,200	132 ft
3708 47TH AVE S MINNEAPOLIS MN 55406	R L EVENSON & D L GAHRES	RESIDENTIAL	$525,600	138 ft
3704 47TH AVE S MINNEAPOLIS MN 55406	SHERYL M LEWIS TRUSTEE	RESIDENTIAL	$646,700	143 ft
3712 47TH AVE S MINNEAPOLIS MN 55406	A R HAWKINSON & D HAWKINSON	RESIDENTIAL	$481,400	154 ft
3700 47TH AVE S MINNEAPOLIS MN 55406	D W & M G DEVEREAUX	RESIDENTIAL	$653,500	166 ft
3727 46TH AVE S MINNEAPOLIS MN 55406	ERIC BENNETT	RESIDENTIAL	$482,600	174 ft

Property History

Most Recent Sale

Date202408

Price$700,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,748