3148 45TH AVE S MINNEAPOLIS MN 55406

PID: 0602823110156

Property Overview

Parcel ID0602823110156

Lot Size4,683 sq ft (0.108 ac)

Lot Dimensions (est.)117 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerB D O CONNOR/L R KJELDBJERG

Assessed Value$559,900

Land Value$135,000

Building Value$424,900

Annual Tax$9,157

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2019 · $16K total declared value · Most recent: Oct 2024 (existres)

ExistresOct 2024Expired

Hoffman Refrigeration and Heating Ltd

MiscNov 2023Closed

$6K

STANDARD WATER CONTROL SYSTEMS INC

ResFeb 2023Closed

CenterPoint Energy Resource Corp

ResDec 2022Closed

Warners Stellian Co Inc

ResSep 2022Closed

Weld and Sons Plumbing 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 width30 ft

Buildable depth77 ft

Area~2,312 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 2,312 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
3144 45TH AVE S MINNEAPOLIS MN 55406	ERIN GOODSON/ZACHARY NICKLE	RESIDENTIAL	$410,000	40 ft
3152 45TH AVE S MINNEAPOLIS MN 55406	LOLLIE ARLAINE FLOKENS	RESIDENTIAL	$355,300	42 ft
3140 45TH AVE S MINNEAPOLIS MN 55406	J C & D G HUTCHINSON	RESIDENTIAL	$301,500	80 ft
3136 45TH AVE S MINNEAPOLIS MN 55406	DEBORAH SUE MALMON	RESIDENTIAL	$345,500	120 ft
3137 44TH AVE S MINNEAPOLIS MN 55406	M S ABY & A E KEIRSTEAD	RESIDENTIAL	$511,500	139 ft
3143 44TH AVE S MINNEAPOLIS MN 55406	ELIZABETH B AUSTIN	RESIDENTIAL-TWO UNIT	$458,200	141 ft
3133 44TH AVE S MINNEAPOLIS MN 55406	J ORTMANN & A GEISENDORFER	RESIDENTIAL	$396,700	157 ft
3132 45TH AVE S MINNEAPOLIS MN 55406	ANNE DUSSOL	RESIDENTIAL	$385,700	160 ft
3153 45TH AVE S MINNEAPOLIS MN 55406	S SHAFFER & C BIRINGER	RESIDENTIAL	$378,000	181 ft
3129 44TH AVE S MINNEAPOLIS MN 55406	THOMAS DRAKE & LAUREN DRAKE	RESIDENTIAL	$403,100	187 ft

Property History

Most Recent Sale

Date202304

Price$695,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,157