3201 45TH AVE S MINNEAPOLIS MN 55406

PID: 0602823140022

Property Overview

Parcel ID0602823140022

Lot Size4,148 sq ft (0.095 ac)

Lot Dimensions (est.)103 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL-TWO UNIT

OwnerR & S L FERNANDEZ

Assessed Value$428,100

Land Value$127,000

Building Value$301,100

Annual Tax$8,130

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

No permits found in Minneapolis open data for this parcel.

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width90 ft

Buildable depth0 ft

Area~1,719 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 1,719 sqft buildable area.

Est. units

Yield on cost

3.0%

Spread

-2.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3205 45TH AVE S MINNEAPOLIS MN 55406	C J HERMANN & M C SKAHEN	RESIDENTIAL	$298,000	40 ft
3209 45TH AVE S MINNEAPOLIS MN 55406	MARIE DAHMEN & ROGER PAGE	RESIDENTIAL	$260,000	80 ft
3153 45TH AVE S MINNEAPOLIS MN 55406	S SHAFFER & C BIRINGER	RESIDENTIAL	$378,000	109 ft
3200 46TH AVE S MINNEAPOLIS MN 55406	B L KNUDSON & M D KNUDSON	RESIDENTIAL	$307,000	117 ft
3213 45TH AVE S MINNEAPOLIS MN 55406	ERIC LONERGAN/HOLLY LONERGAN	RESIDENTIAL	$361,500	120 ft
3204 46TH AVE S MINNEAPOLIS MN 55406	CONTANCE I ONYIAH	RESIDENTIAL	$278,000	124 ft
3208 46TH AVE S MINNEAPOLIS MN 55406	MICHAEL A MANN REV TR ET AL	RESIDENTIAL	$450,000	142 ft
3152 46TH AVE S MINNEAPOLIS MN 55406	KARIN E MATCHETT	TRIPLEX	$548,100	146 ft
3149 45TH AVE S MINNEAPOLIS MN 55406	K OLTMAN & T A KENDRICK	RESIDENTIAL	$372,800	149 ft
3217 45TH AVE S MINNEAPOLIS MN 55406	DELLA WALKER BROWN	RESIDENTIAL	$304,300	160 ft

Property History

Most Recent Sale

Date198408

Price$86,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$8,130