3352 46TH AVE S MINNEAPOLIS MN 55406

PID: 0602823140048

Property Overview

Parcel ID0602823140048

Lot Size5,543 sq ft (0.127 ac)

Lot Dimensions (est.)104 ft wide × 53 ft deep

Year Built1940

Property ClassRESIDENTIAL

OwnerJONATHAN & JESSICA PHINNEY

Assessed Value$374,400

Land Value$139,000

Building Value$235,400

Annual Tax$5,615

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2020 · $8K total declared value · Most recent: Jun 2023 (res)

ResJun 2023Closed

CenterPoint Energy Resource Corp

MiscJun 2020Closed

$8K

TERRA FIRMA ESTATES INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

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 width91 ft

Buildable depth13 ft

Area~2,582 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 2,582 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
3348 46TH AVE S MINNEAPOLIS MN 55406	TIMOTHY P KREPSKI LIVING TRU	RESIDENTIAL	$371,200	54 ft
3344 46TH AVE S MINNEAPOLIS MN 55406	M SAWYER & E SAWYER	RESIDENTIAL	$473,100	101 ft
3353 45TH AVE S MINNEAPOLIS MN 55406	KELLY J GORDON	RESIDENTIAL-TWO UNIT	$379,700	116 ft
3349 45TH AVE S MINNEAPOLIS MN 55406	KYLIE WILLIAMSON/KELLY KNAUS	RESIDENTIAL	$416,900	128 ft
3400 46TH AVE S MINNEAPOLIS MN 55406	C M TOWNE & N R HARTE	RESIDENTIAL	$575,800	133 ft
3340 46TH AVE S MINNEAPOLIS MN 55406	EMILY HOUSER & ROBERT HEST	RESIDENTIAL	$338,300	141 ft
3345 45TH AVE S MINNEAPOLIS MN 55406	CAROLINE M LANDREE	RESIDENTIAL	$348,700	153 ft
4600 34TH ST E MINNEAPOLIS MN 55406	C DEFIEBRE III & D O'DONNELL	RESIDENTIAL	$576,000	174 ft
3406 46TH AVE S MINNEAPOLIS MN 55406	D A ERICHSEN & B JO ERICHSEN	RESIDENTIAL	$537,800	181 ft
3341 45TH AVE S MINNEAPOLIS MN 55406	R ROEMING & J ROEMING	RESIDENTIAL	$466,400	182 ft

Property History

Most Recent Sale

Date202603

Price$544,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,615