3137 42ND AVE S MINNEAPOLIS MN 55406

PID: 0602823110055

Property Overview

Parcel ID0602823110055

Lot Size7,154 sq ft (0.164 ac)

Lot Dimensions (est.)135 ft wide × 53 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerN J GUTIERREZ/T D WISNESKI

Assessed Value$333,000

Land Value$154,000

Building Value$179,000

Annual Tax$4,922

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

2 permits on record since 2020 · $2K total declared value · Most recent: Jun 2023 (res)

ResJun 2023Closed

CenterPoint Energy Resource Corp

MiscMar 2020Closed

$2K

STORM GROUP ROOFING LLC

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 width43 ft

Buildable depth95 ft

Area~4,083 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 4,083 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3133 42ND AVE S MINNEAPOLIS MN 55406	HUSMAN FAMILY TRUST	RESIDENTIAL	$474,700	51 ft
3141 42ND AVE S MINNEAPOLIS MN 55406	MARINA D SCHLESINGER ET AL	RESIDENTIAL	$484,100	57 ft
3129 42ND AVE S MINNEAPOLIS MN 55406	K J JOHANSON & J M ANGEVINE	RESIDENTIAL	$387,100	101 ft
3136 43RD AVE S MINNEAPOLIS MN 55406	LESTER G DAHLMAN	RESIDENTIAL	$297,000	147 ft
3125 42ND AVE S MINNEAPOLIS MN 55406	CHRIS GORDER & JANE GORDER	RESIDENTIAL	$451,800	151 ft
3132 43RD AVE S MINNEAPOLIS MN 55406	KATHLEEN ELLIS ET AL	RESIDENTIAL	$451,000	156 ft
3140 43RD AVE S MINNEAPOLIS MN 55406	C SCHMITT & W KING	RESIDENTIAL	$403,000	158 ft
3128 43RD AVE S MINNEAPOLIS MN 55406	S P JOHNSON & J E GRANOIEN	RESIDENTIAL	$419,500	178 ft
3201 42ND AVE S MINNEAPOLIS MN 55406	ERIC STEVENS	RESIDENTIAL	$306,500	180 ft
3144 42ND AVE S MINNEAPOLIS MN 55406	ANDREW PRIEST & LISA PRIEST	RESIDENTIAL	$404,900	197 ft

Property History

Most Recent Sale

Date202405

Price$340,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,922