3034 44TH AVE S MINNEAPOLIS MN 55406

PID: 0602823110014

Property Overview

Parcel ID0602823110014

Lot Size5,009 sq ft (0.115 ac)

Lot Dimensions (est.)130 ft wide × 38 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerRICHARD K OLSON ETAL

Assessed Value$353,700

Land Value$142,000

Building Value$211,700

Annual Tax$5,269

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2023 · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

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 width28 ft

Buildable depth92 ft

Area~2,569 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 2,569 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
3030 44TH AVE S MINNEAPOLIS MN 55406	U AMITOSH & S DHIMAN	RESIDENTIAL	$351,300	38 ft
3038 44TH AVE S MINNEAPOLIS MN 55406	J ANDERSON & J WICKSTROM	RESIDENTIAL-TWO UNIT	$372,100	38 ft
3028 44TH AVE S MINNEAPOLIS MN 55406	B KILLIAN & W HETTLER	RESIDENTIAL	$351,000	77 ft
3042 44TH AVE S MINNEAPOLIS MN 55406	MARINA M GORSUCH	RESIDENTIAL	$323,000	77 ft
3024 44TH AVE S MINNEAPOLIS MN 55406	A WYETH & L R WYETH	RESIDENTIAL	$444,100	117 ft
3029 43RD AVE S MINNEAPOLIS MN 55406	K L VELARDI & G VELARDI	RESIDENTIAL	$349,400	133 ft
3033 43RD AVE S MINNEAPOLIS MN 55406	ANDREW P LUCAS ETAL	RESIDENTIAL	$288,700	135 ft
3039 43RD AVE S MINNEAPOLIS MN 55406	HATLING LIVING TRUST	RESIDENTIAL	$756,700	151 ft
3020 44TH AVE S MINNEAPOLIS MN 55406	MARY E LEWIS REV TRUST	RESIDENTIAL	$396,400	153 ft
3025 43RD AVE S MINNEAPOLIS MN 55406	GAIL M MORIARTY	RESIDENTIAL	$211,700	155 ft

Property History

Current Tax Year

Year2026

Tax Due$5,269