3701 46TH AVE S MINNEAPOLIS MN 55406

PID: 0502823330079

Property Overview

Parcel ID0502823330079

Lot Size6,715 sq ft (0.154 ac)

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

Year Built1927

Property ClassRESIDENTIAL

OwnerFAY F W OJILE

Assessed Value$453,100

Land Value$241,000

Building Value$212,100

Annual Tax$6,933

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $18K total declared value · Most recent: Sep 2024 (misc)

MiscSep 2024Closed

$12K

Window Nation LLC

ResOct 2023Closed

CenterPoint Energy Resource Corp

ResSep 2022Closed

Urban Pine Plumbing and Mechanical Inc

MiscSep 2017Closed

$6K

Holmlund Masonry 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 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
3705 46TH AVE S MINNEAPOLIS MN 55406	L ANDERSON & J K ANDERSON	RESIDENTIAL	$489,800	49 ft
3709 46TH AVE S MINNEAPOLIS MN 55406	ERLANDSON SWAIN TRUST	RESIDENTIAL	$553,000	93 ft
3655 46TH AVE S MINNEAPOLIS MN 55406	B NELSON & T L NELSON	RESIDENTIAL	$427,500	118 ft
3700 47TH AVE S MINNEAPOLIS MN 55406	D W & M G DEVEREAUX	RESIDENTIAL	$653,500	137 ft
3715 46TH AVE S MINNEAPOLIS MN 55406	T B MCCUSKER & J L BAKER	RESIDENTIAL	$484,700	137 ft
3704 47TH AVE S MINNEAPOLIS MN 55406	SHERYL M LEWIS TRUSTEE	RESIDENTIAL	$646,700	148 ft
3649 46TH AVE S MINNEAPOLIS MN 55406	BRADLEY E ELLIS	RESIDENTIAL	$452,100	168 ft
3708 47TH AVE S MINNEAPOLIS MN 55406	R L EVENSON & D L GAHRES	RESIDENTIAL	$525,600	175 ft
3717 46TH AVE S MINNEAPOLIS MN 55406	T MADHUSOODANAN/S RAJAGOPAL	RESIDENTIAL	$575,500	181 ft
3654 47TH AVE S MINNEAPOLIS MN 55406	JOHN SMITH	RESIDENTIAL	$603,400	182 ft

Property History

Most Recent Sale

Date199705

Price$136,700

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,933