3029 42ND AVE S MINNEAPOLIS MN 55406

PID: 0602823110035

Property Overview

Parcel ID0602823110035

Lot Size6,836 sq ft (0.157 ac)

Lot Dimensions (est.)135 ft wide × 51 ft deep

Year Built1926

Property ClassRESIDENTIAL-TWO UNIT

OwnerCHARLIE FAUS

Assessed Value$483,700

Land Value$155,000

Building Value$328,700

Annual Tax$7,446

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 2017 · $3K total declared value · Most recent: Jun 2023 (res)

ResJun 2023Closed

CenterPoint Energy Resource Corp

ResJun 2023Closed

CenterPoint Energy Resource Corp

RemodelMay 2017Closed

$3K

Holmlund Masonry 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 width41 ft

Buildable depth94 ft

Area~3,860 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 3,860 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3025 42ND AVE S MINNEAPOLIS MN 55406	JACOB ENGET & NANCY RICHTER	RESIDENTIAL	$309,900	50 ft
3033 42ND AVE S MINNEAPOLIS MN 55406	T LODDENGAARD & R DRUKER	RESIDENTIAL	$393,900	51 ft
3037 42ND AVE S MINNEAPOLIS MN 55406	FREDERIC RENE BAUDAT	RESIDENTIAL	$346,600	99 ft
3021 42ND AVE S MINNEAPOLIS MN 55406	GREG K DANELIUS	RESIDENTIAL	$235,400	100 ft
3028 43RD AVE S MINNEAPOLIS MN 55406	SHEIGH FREEBERG	RESIDENTIAL	$329,400	147 ft
3017 42ND AVE S MINNEAPOLIS MN 55406	GREG K DANELIUS	RESIDENTIAL	$255,100	150 ft
3024 43RD AVE S MINNEAPOLIS MN 55406	ELISE LINDELL & KEVIN SCOTT	RESIDENTIAL	$245,100	155 ft
3032 43RD AVE S MINNEAPOLIS MN 55406	KATHLEEN M GRAY TRUST	RESIDENTIAL	$408,300	155 ft
3020 43RD AVE S MINNEAPOLIS MN 55406	E E FROST & M HOTCHKISS	RESIDENTIAL	$190,000	177 ft
3036 43RD AVE S MINNEAPOLIS MN 55406	JACQUELINE L ERICKSON	RESIDENTIAL	$220,000	177 ft

Property History

Most Recent Sale

Date201707

Price$378,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,446