3022 46TH AVE S MINNEAPOLIS MN 55406

PID: 0602823110102

Property Overview

Parcel ID0602823110102

Lot Size4,161 sq ft (0.096 ac)

Lot Dimensions (est.)104 ft wide × 40 ft deep

Year Built1928

Property ClassRESIDENTIAL

OwnerCAROL B PASSI

Assessed Value$351,200

Land Value$121,000

Building Value$230,200

Annual Tax$5,228

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 2022 · $25K total declared value · Most recent: Jul 2025 (misc)

MiscJul 2025Closed

$14K

Hail Experts Inc

MiscNov 2022Closed

$11K

Mad City Windows & Bath

ResJun 2022Closed

ECOWATER

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 width30 ft

Buildable depth64 ft

Area~1,920 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 1,920 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3018 46TH AVE S MINNEAPOLIS MN 55406	T & T PEDERSON	RESIDENTIAL	$359,900	40 ft
3026 46TH AVE S MINNEAPOLIS MN 55406	DAVID HILL/ANDREA ZIMMERMANN	RESIDENTIAL	$349,200	40 ft
3030 46TH AVE S MINNEAPOLIS MN 55406	VICKI L ERICSON TRUST	RESIDENTIAL	$328,500	80 ft
3014 46TH AVE S MINNEAPOLIS MN 55406	JOSHUA MICHAEL CHAMBERS	RESIDENTIAL	$339,100	85 ft
3023 45TH AVE S MINNEAPOLIS MN 55406	S GREEN & L K GREEN	RESIDENTIAL	$380,000	118 ft
3034 46TH AVE S MINNEAPOLIS MN 55406	C GREEN & A R GREEN	RESIDENTIAL	$317,800	120 ft
3027 45TH AVE S MINNEAPOLIS MN 55406	L L IVERSON & K R IVERSON	RESIDENTIAL	$289,000	124 ft
3017 45TH AVE S MINNEAPOLIS MN 55406	C OPSAL & E J KELLY	RESIDENTIAL	$370,400	125 ft
3010 46TH AVE S MINNEAPOLIS MN 55406	JENNA L THEIS/BRETT C NAGLE	RESIDENTIAL	$369,300	135 ft
3031 45TH AVE S MINNEAPOLIS MN 55406	S A KNEP & H K SCHOLTZ	RESIDENTIAL	$351,300	142 ft

Property History

Most Recent Sale

Date199210

Price$79,250

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,228