3711 47TH AVE S MINNEAPOLIS MN 55406

PID: 0502823330089

Property Overview

Parcel ID0502823330089

Lot Size5,566 sq ft (0.128 ac)

Lot Dimensions (est.)115 ft wide × 48 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerJ D GIUDICESSI & E W MCVEIGH

Assessed Value$570,000

Land Value$234,000

Building Value$336,000

Annual Tax$9,298

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $12K total declared value · Most recent: Apr 2026 (existres)

ExistresApr 2026Closed

Ideal Air LLC

ResJan 2024Closed

SODERLIN PLUMBING HEATING AND AIR

MiscApr 2021Closed

$12K

Mohler Chimney Repair LLC

ResAug 2020Closed

Warners Stellian Co Inc

ResJan 2017Closed

CENTERPOINT ENERGY

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 width40 ft

Buildable depth71 ft

Area~2,923 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 2,923 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
3715 47TH AVE S MINNEAPOLIS MN 55406	B RUBIN / S I FRANTZ	RESIDENTIAL	$502,900	50 ft
4701 37TH ST E MINNEAPOLIS MN 55406	BRENDA M SMAIL	RESIDENTIAL	$595,800	99 ft
3721 47TH AVE S MINNEAPOLIS MN 55406	J SCHOEBERL & L F SCHOEBERL	RESIDENTIAL	$497,800	100 ft
4705 37TH ST E MINNEAPOLIS MN 55406	G A VAN CLEVE/N J VAN CLEVE	RESIDENTIAL	$591,700	102 ft
3700 48TH AVE S MINNEAPOLIS MN 55406	A M WALWOOD & R L WALWOOD	RESIDENTIAL	$604,700	120 ft
3706 48TH AVE S MINNEAPOLIS MN 55406	C E BRENNAN IRR RES TR-2026	RESIDENTIAL	$575,200	126 ft
3712 48TH AVE S MINNEAPOLIS MN 55406	R L SKARIE & E M DORN	RESIDENTIAL	$595,500	134 ft
3725 47TH AVE S MINNEAPOLIS MN 55406	VICKIE M MAXAM	RESIDENTIAL	$477,000	144 ft
3716 48TH AVE S MINNEAPOLIS MN 55406	H G YEE/SING MINETTE ET AL	RESIDENTIAL	$557,300	151 ft
3720 48TH AVE S MINNEAPOLIS MN 55406	C KEHEW & A J SUTTER	RESIDENTIAL	$449,500	177 ft

Property History

Most Recent Sale

Date199102

Price$151,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$9,298