3023 45TH AVE S MINNEAPOLIS MN 55406

PID: 0602823110113

Property Overview

Parcel ID0602823110113

Lot Size4,164 sq ft (0.096 ac)

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

Year Built1923

Property ClassRESIDENTIAL

OwnerS GREEN & L K GREEN

Assessed Value$380,000

Land Value$128,000

Building Value$252,000

Annual Tax$5,710

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2023 · $15K total declared value · Most recent: Feb 2024 (existres)

ExistresFeb 2024Closed

Pronto Heating & Air Conditioning Inc

ResJul 2023Expired

MN Plumbing & Home Services INC

MiscJun 2023Closed

$15K

LIBERTE CONSTRUCTION LLC

ResMar 2023Closed

Ron the Sewer Rat Inc

ResFeb 2023Closed

CenterPoint Energy Resource Corp

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~1,921 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 1,921 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3027 45TH AVE S MINNEAPOLIS MN 55406	L L IVERSON & K R IVERSON	RESIDENTIAL	$289,000	40 ft
3017 45TH AVE S MINNEAPOLIS MN 55406	C OPSAL & E J KELLY	RESIDENTIAL	$370,400	40 ft
3031 45TH AVE S MINNEAPOLIS MN 55406	S A KNEP & H K SCHOLTZ	RESIDENTIAL	$351,300	80 ft
3015 45TH AVE S MINNEAPOLIS MN 55406	A TADDEINI & M LA BONTY	RESIDENTIAL	$500,900	85 ft
3022 46TH AVE S MINNEAPOLIS MN 55406	CAROL B PASSI	RESIDENTIAL	$351,200	118 ft
3035 45TH AVE S MINNEAPOLIS MN 55406	E LARSON & M CLARKE LARSON	RESIDENTIAL	$369,600	120 ft
3018 46TH AVE S MINNEAPOLIS MN 55406	T & T PEDERSON	RESIDENTIAL	$359,900	124 ft
3026 46TH AVE S MINNEAPOLIS MN 55406	DAVID HILL/ANDREA ZIMMERMANN	RESIDENTIAL	$349,200	124 ft
3011 45TH AVE S MINNEAPOLIS MN 55406	BRIAN W MALLIE	RESIDENTIAL	$431,800	136 ft
3030 46TH AVE S MINNEAPOLIS MN 55406	VICKI L ERICSON TRUST	RESIDENTIAL	$328,500	142 ft

Property History

Most Recent Sale

Date202305

Price$360,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,710