3132 44TH AVE S MINNEAPOLIS MN 55406

PID: 0602823110073

Property Overview

Parcel ID0602823110073

Lot Size6,759 sq ft (0.155 ac)

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

Year Built1953

Property ClassRESIDENTIAL-TWO UNIT

OwnerCYNTHIA F BROWN TRUST

Assessed Value$431,600

Land Value$159,000

Building Value$272,600

Annual Tax$8,196

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 2018 · Most recent: Jan 2023 (res)

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResJan 2023Closed

CenterPoint Energy Resource Corp

ExistresJan 2018Closed

MINNEAPOLIS-ST. PAUL PLUMBING, HEATING & AIR

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~3,805 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 3,805 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
3128 44TH AVE S MINNEAPOLIS MN 55406	MARY TRUE	RESIDENTIAL	$416,000	50 ft
3136 44TH AVE S MINNEAPOLIS MN 55406	STEPHANIE SCHROEDER ET AL	RESIDENTIAL	$589,800	52 ft
3124 44TH AVE S MINNEAPOLIS MN 55406	R ANDREASEN & C ANDREASEN	RESIDENTIAL	$617,000	100 ft
3140 44TH AVE S MINNEAPOLIS MN 55406	BRUCE R DRESSEN ET AL	RESIDENTIAL-TWO UNIT	$507,200	109 ft
3120 44TH AVE S MINNEAPOLIS MN 55406	STEPHEN K CLARK & MARY CLARK	RESIDENTIAL	$411,800	150 ft
3129 43RD AVE S MINNEAPOLIS MN 55406	AMY PATRICIA DIGENNARO	RESIDENTIAL	$437,700	155 ft
3141 43RD AVE S MINNEAPOLIS MN 55406	BETHLEHEM EVAN COVENANT CHUR	COMMERCIAL-PREFERRED	$0	158 ft
3125 43RD AVE S MINNEAPOLIS MN 55406	ANDREW C RATHBUN	RESIDENTIAL	$399,100	178 ft
3133 44TH AVE S MINNEAPOLIS MN 55406	J ORTMANN & A GEISENDORFER	RESIDENTIAL	$396,700	198 ft
3116 44TH AVE S MINNEAPOLIS MN 55406	SUZANNE K FORD	RESIDENTIAL	$509,500	200 ft

Property History

Current Tax Year

Year2026

Tax Due$8,196