3316 43RD AVE S MINNEAPOLIS MN 55406

PID: 0602823140116

Property Overview

Parcel ID0602823140116

Lot Size6,829 sq ft (0.157 ac)

Lot Dimensions (est.)136 ft wide × 50 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerS M MICKELSON/J B MICKELSON

Assessed Value$420,200

Land Value$160,000

Building Value$260,200

Annual Tax$6,383

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2018 · $99K total declared value · Most recent: Feb 2025 (misc)

MiscFeb 2025Closed

$11K

CHAMPION WINDOW CO OF MINNEAPOLS LLC

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResMar 2022Closed

Johnson Plumbing and Heating Co

RemodelFeb 2022Closed

$72K

FARRELL AND SONS

ExistresJan 2022Closed

4Front Energy Solutions 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 width40 ft

Buildable depth97 ft

Area~3,862 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 3,862 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
3312 43RD AVE S MINNEAPOLIS MN 55406	D MAURER & A MAURER	RESIDENTIAL	$412,600	50 ft
3320 43RD AVE S MINNEAPOLIS MN 55406	CARI JOHNSON/ANDREW TOUTANT	RESIDENTIAL	$416,300	50 ft
3308 43RD AVE S MINNEAPOLIS MN 55406	ROBERT W RIDER	RESIDENTIAL	$253,000	100 ft
3324 43RD AVE S MINNEAPOLIS MN 55406	CHRISTINE L WILLCOX	RESIDENTIAL-TWO UNIT	$534,100	100 ft
3317 42ND AVE S MINNEAPOLIS MN 55406	ELLA MCGARTHWAITE	RESIDENTIAL	$292,000	148 ft
3304 43RD AVE S MINNEAPOLIS MN 55406	T N OTTO & S C REMER	RESIDENTIAL	$286,000	150 ft
3328 43RD AVE S MINNEAPOLIS MN 55406	C W STEINBERG/K WATSON ET AL	RESIDENTIAL	$362,200	150 ft
3315 42ND AVE S MINNEAPOLIS MN 55406	ALEXSANDER T P SIAGIAN	RESIDENTIAL	$398,700	156 ft
3321 42ND AVE S MINNEAPOLIS MN 55406	TRACY J HAGER	RESIDENTIAL	$239,000	157 ft
3309 42ND AVE S MINNEAPOLIS MN 55406	K STEENHOEK/S STEENHOEK	RESIDENTIAL	$423,200	178 ft

Property History

Most Recent Sale

Date201612

Price$280,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,383