3116 46TH AVE S MINNEAPOLIS MN 55406

PID: 0602823110122

Property Overview

Parcel ID0602823110122

Lot Size4,161 sq ft (0.096 ac)

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

Year Built1918

Property ClassRESIDENTIAL

OwnerPAUL A MESKAN

Assessed Value$424,400

Land Value$120,000

Building Value$304,400

Annual Tax$6,452

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

5 permits on record since 2003 · $239K total declared value · Most recent: Apr 2024 (res)

ResApr 2024Closed

Northern's Benjamin Franklin Plumbing

ResMar 2023Closed

CenterPoint Energy Resource Corp

MiscDec 2022Closed

$11K

Minnesota Rusco Inc

MiscMay 2018Closed

$7K

SELA ROOFING AND REMODELING INC

Building Re-inspectionNov 2003

$220K

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
3112 46TH AVE S MINNEAPOLIS MN 55406	ELIZABETH ANNE DUSSOL	RESIDENTIAL	$350,300	40 ft
3120 46TH AVE S MINNEAPOLIS MN 55406	S L N HONEBRINK ET AL R L TR	RESIDENTIAL	$343,700	40 ft
3108 46TH AVE S MINNEAPOLIS MN 55406	LESLIE HALES SEABERG	RESIDENTIAL-TWO UNIT	$579,600	80 ft
3124 46TH AVE S MINNEAPOLIS MN 55406	DAVID ROEDL & SAUMYA VERMA	RESIDENTIAL	$412,300	80 ft
3117 45TH AVE S MINNEAPOLIS MN 55406	ANOUSONE VONGSOUVAN	RESIDENTIAL	$325,500	118 ft
3104 46TH AVE S MINNEAPOLIS MN 55406	JAMES D ANDERSON ETAL	RESIDENTIAL	$344,200	120 ft
3128 46TH AVE S MINNEAPOLIS MN 55406	TREVOR CARR & JENNIFER EVANS	RESIDENTIAL	$337,000	120 ft
3121 45TH AVE S MINNEAPOLIS MN 55406	ANN S HEWITT-MANN	RESIDENTIAL	$322,800	124 ft
3115 45TH AVE S MINNEAPOLIS MN 55406	W F MAHAN & N F MAHAN	RESIDENTIAL	$297,000	124 ft
3125 45TH AVE S MINNEAPOLIS MN 55406	NANCY J STELLICK	RESIDENTIAL	$355,500	142 ft

Property History

Most Recent Sale

Date198902

Price$66,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,452