3116 42ND AVE S MINNEAPOLIS MN 55406

PID: 0602823120186

Property Overview

Parcel ID0602823120186

Lot Size5,066 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1912

Property ClassRESIDENTIAL

OwnerA D DANQUAH & B NTOW

Assessed Value$337,200

Land Value$134,000

Building Value$203,200

Annual Tax$4,993

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

4 permits on record since 2020 · $13K total declared value · Most recent: Sep 2025 (misc)

MiscSep 2025Closed

$13K

MERIDIAN PROPERTIES LLC

ResJun 2023Closed

CenterPoint Energy Resource Corp

ExistresOct 2021Closed

CENTERPOINT ENERGY

ResFeb 2020Closed

Noah Acquistions LLC

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 depth87 ft

Area~2,599 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 2,599 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3112 42ND AVE S MINNEAPOLIS MN 55406	SARAH M PAGE	RESIDENTIAL-TWO UNIT	$495,200	40 ft
3120 42ND AVE S MINNEAPOLIS MN 55406	SARAH KUSSOW TRUST	RESIDENTIAL	$475,500	40 ft
3108 42ND AVE S MINNEAPOLIS MN 55406	NICOLE LEICHT	RESIDENTIAL-TWO UNIT	$445,100	80 ft
3124 42ND AVE S MINNEAPOLIS MN 55406	DANIEL KUSSOW	RESIDENTIAL	$276,000	80 ft
3104 42ND AVE S MINNEAPOLIS MN 55406	DAVE KOEHLER & DANA KOEHLER	RESIDENTIAL	$347,600	120 ft
3128 42ND AVE S MINNEAPOLIS MN 55406	SILVIA GONZALEZ BARCENAS	RESIDENTIAL	$350,300	120 ft
3117 41ST AVE S MINNEAPOLIS MN 55406	ROBYNNE L CURLEE	RESIDENTIAL	$395,100	140 ft
3121 41ST AVE S MINNEAPOLIS MN 55406	T T WONG & R M WONG	RESIDENTIAL	$353,300	146 ft
3115 41ST AVE S MINNEAPOLIS MN 55406	W H SMITH & D A BAUMAN	RESIDENTIAL	$398,900	146 ft
3100 42ND AVE S MINNEAPOLIS MN 55406	JOLEE B MOSHER	RESIDENTIAL	$365,300	160 ft

Property History

Most Recent Sale

Date198302

Price$59,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,993