3024 43RD AVE S MINNEAPOLIS MN 55406

PID: 0602823110029

Property Overview

Parcel ID0602823110029

Lot Size6,591 sq ft (0.151 ac)

Lot Dimensions (est.)135 ft wide × 49 ft deep

Year Built1922

Property ClassRESIDENTIAL

OwnerELISE LINDELL & KEVIN SCOTT

Assessed Value$245,100

Land Value$161,000

Building Value$84,100

Annual Tax$3,450

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

3 permits on record since 2022 · Most recent: Jan 2025 (existres)

ExistresJan 2025Closed

Residential Heating and Air Conditioning Inc

ResSep 2022Closed

Highland Plumbing LLC

ResAug 2022Closed

Warners Stellian Co Inc

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 width38 ft

Buildable depth97 ft

Area~3,687 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 3,687 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3020 43RD AVE S MINNEAPOLIS MN 55406	E E FROST & M HOTCHKISS	RESIDENTIAL	$190,000	49 ft
3028 43RD AVE S MINNEAPOLIS MN 55406	SHEIGH FREEBERG	RESIDENTIAL	$329,400	50 ft
3016 43RD AVE S MINNEAPOLIS MN 55406	HAYDEN TEACHOUT	RESIDENTIAL	$291,100	100 ft
3032 43RD AVE S MINNEAPOLIS MN 55406	KATHLEEN M GRAY TRUST	RESIDENTIAL	$408,300	101 ft
3025 42ND AVE S MINNEAPOLIS MN 55406	JACOB ENGET & NANCY RICHTER	RESIDENTIAL	$309,900	147 ft
3036 43RD AVE S MINNEAPOLIS MN 55406	JACQUELINE L ERICKSON	RESIDENTIAL	$220,000	149 ft
3012 43RD AVE S MINNEAPOLIS MN 55406	43RD AVENUE LLC	RESIDENTIAL	$225,600	151 ft
3029 42ND AVE S MINNEAPOLIS MN 55406	CHARLIE FAUS	RESIDENTIAL-TWO UNIT	$483,700	155 ft
3021 42ND AVE S MINNEAPOLIS MN 55406	GREG K DANELIUS	RESIDENTIAL	$235,400	155 ft
3017 42ND AVE S MINNEAPOLIS MN 55406	GREG K DANELIUS	RESIDENTIAL	$255,100	177 ft

Property History

Most Recent Sale

Date202210

Price$250,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$3,450