3112 43RD AVE S MINNEAPOLIS MN 55406

PID: 0602823110046

Property Overview

Parcel ID0602823110046

Lot Size6,748 sq ft (0.155 ac)

Lot Dimensions (est.)135 ft wide × 50 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerM A & A J LUNDHEIM

Assessed Value$458,000

Land Value$159,000

Building Value$299,000

Annual Tax$7,016

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width40 ft

Buildable depth95 ft

Area~3,798 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 3,798 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
3108 43RD AVE S MINNEAPOLIS MN 55406	T M & J M CHERNER	RESIDENTIAL	$353,000	50 ft
3116 43RD AVE S MINNEAPOLIS MN 55406	C R MAY & K S MAY	RESIDENTIAL	$515,800	50 ft
3104 43RD AVE S MINNEAPOLIS MN 55406	JULIANNE L MOSSAK	RESIDENTIAL	$317,000	100 ft
3120 43RD AVE S MINNEAPOLIS MN 55406	T K PRYOR & C M COURCY	RESIDENTIAL	$408,400	100 ft
3113 42ND AVE S MINNEAPOLIS MN 55406	FRANKLIN HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$378,900	147 ft
3100 43RD AVE S MINNEAPOLIS MN 55406	K A SCHNEIDER & B HEBNER	RESIDENTIAL	$412,700	148 ft
3124 43RD AVE S MINNEAPOLIS MN 55406	MARY MILLER/ANDREW MATTHEWS	RESIDENTIAL	$331,000	150 ft
3117 42ND AVE S MINNEAPOLIS MN 55406	C M JORDAN & F J DULLES	RESIDENTIAL	$766,900	155 ft
3111 42ND AVE S MINNEAPOLIS MN 55406	B BORNMUELLER & U M HUSTED	RESIDENTIAL-TWO UNIT	$387,100	155 ft
3121 42ND AVE S MINNEAPOLIS MN 55406	DEMOZ GEBRE EGZIABHER	RESIDENTIAL	$331,000	177 ft

Property History

Current Tax Year

Year2026

Tax Due$7,016