3117 42ND AVE S MINNEAPOLIS MN 55406

PID: 0602823110060

Property Overview

Parcel ID0602823110060

Lot Size6,746 sq ft (0.155 ac)

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

Year Built2018

Property ClassRESIDENTIAL

OwnerC M JORDAN & F J DULLES

Assessed Value$766,900

Land Value$152,000

Building Value$614,900

Annual Tax$12,809

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2018 · $312K total declared value · Most recent: Mar 2020 (remodel)

RemodelMar 2020Closed

$13K

INNOVATIVE POWER SYSTEMS INC

ResMay 2019Closed

Warners Stellian Co Inc

TempheatOct 2018Closed

Air Mechanical Inc

NewresSep 2018Closed

$155

Air Mechanical Inc

ResSep 2018Closed

Air Mechanical 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 width40 ft

Buildable depth95 ft

Area~3,796 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 3,796 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
3121 42ND AVE S MINNEAPOLIS MN 55406	DEMOZ GEBRE EGZIABHER	RESIDENTIAL	$331,000	50 ft
3113 42ND AVE S MINNEAPOLIS MN 55406	FRANKLIN HOLDINGS LLC	RESIDENTIAL-TWO UNIT	$378,900	50 ft
3125 42ND AVE S MINNEAPOLIS MN 55406	CHRIS GORDER & JANE GORDER	RESIDENTIAL	$451,800	100 ft
3111 42ND AVE S MINNEAPOLIS MN 55406	B BORNMUELLER & U M HUSTED	RESIDENTIAL-TWO UNIT	$387,100	100 ft
3116 43RD AVE S MINNEAPOLIS MN 55406	C R MAY & K S MAY	RESIDENTIAL	$515,800	147 ft
3129 42ND AVE S MINNEAPOLIS MN 55406	K J JOHANSON & J M ANGEVINE	RESIDENTIAL	$387,100	150 ft
3105 42ND AVE S MINNEAPOLIS MN 55406	M SULLIVAN & C R SULLIVAN	RESIDENTIAL	$409,900	150 ft
3112 43RD AVE S MINNEAPOLIS MN 55406	M A & A J LUNDHEIM	RESIDENTIAL	$458,000	155 ft
3120 43RD AVE S MINNEAPOLIS MN 55406	T K PRYOR & C M COURCY	RESIDENTIAL	$408,400	155 ft
3108 43RD AVE S MINNEAPOLIS MN 55406	T M & J M CHERNER	RESIDENTIAL	$353,000	177 ft

Property History

Most Recent Sale

Date201905

Price$650,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,809