3324 45TH AVE S MINNEAPOLIS MN 55406

PID: 0602823140035

Property Overview

Parcel ID0602823140035

Lot Size6,523 sq ft (0.150 ac)

Lot Dimensions (est.)131 ft wide × 50 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerSTEVEN A BURSCH ET AL

Assessed Value$435,600

Land Value$157,000

Building Value$278,600

Annual Tax$6,641

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2018 · $95K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

Warners Stellian Co Inc

ExistresApr 2025Closed

Standard Heating and Air Conditioning Inc

RemodelJun 2024Closed

$56K

Neighborly Property Group LLC

ResJun 2024Closed

Precision Plumbing and Heating 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 width35 ft

Buildable depth105 ft

Area~845 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 sfr / adu benchmarks for 845 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3320 45TH AVE S MINNEAPOLIS MN 55406	ANDREW LEE	RESIDENTIAL	$325,000	50 ft
3328 45TH AVE S MINNEAPOLIS MN 55406	R G KING/S A KING/A G KING	RESIDENTIAL	$379,400	53 ft
3316 45TH AVE S MINNEAPOLIS MN 55406	L E BOMASH KELLY ET AL	RESIDENTIAL	$356,300	99 ft
3332 45TH AVE S MINNEAPOLIS MN 55406	JEFFREY LAURENT HUGHES	RESIDENTIAL	$381,200	105 ft
3325 44TH AVE S MINNEAPOLIS MN 55406	THOMAS K SHEELEY	RESIDENTIAL	$315,000	144 ft
3312 45TH AVE S MINNEAPOLIS MN 55406	J A JOHNSON & S THOMPSON	RESIDENTIAL	$423,100	149 ft
3323 44TH AVE S MINNEAPOLIS MN 55406	SOPHIE THADEN/JOHN KELSEY	RESIDENTIAL	$329,800	150 ft
3329 44TH AVE S MINNEAPOLIS MN 55406	MARCIE JOHNSON	RESIDENTIAL	$297,000	151 ft
3336 45TH AVE S MINNEAPOLIS MN 55406	JEROME H STENBERG	RESIDENTIAL	$383,200	155 ft
3331 44TH AVE S MINNEAPOLIS MN 55406	TERRY LEE HERBERG & WIFE	RESIDENTIAL	$301,300	168 ft

Property History

Most Recent Sale

Date202110

Price$410,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,641