3401 43RD AVE S MINNEAPOLIS MN 55406

PID: 0602823410030

Property Overview

Parcel ID0602823410030

Lot Size3,497 sq ft (0.080 ac)

Lot Dimensions (est.)128 ft wide × 27 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerBERNIE HERMAN OLSON

Assessed Value$230,100

Land Value$109,000

Building Value$121,100

Annual Tax$3,200

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $8K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$8K

KAUFMAN SHEET METAL ROOFING INC

ResOct 2023Closed

CenterPoint Energy Resource Corp

ExistresOct 2019Closed

Airic's Heating & Air Conditioning Inc

ResMar 2019Closed

Urban Pine Plumbing and Mechanical Inc

ExistresMar 2017Closed

Advanced Radon Services LLC

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

Neighborhood Profile

Howe · Minneapolis

Median reported rent984/mo

Renter-occupied4.6%

Median home value$373K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1090

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 width115 ft

Buildable depth0 ft

Area~1,258 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 1,258 sqft buildable area.

Est. units

Yield on cost

2.7%

Spread

-2.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3405 43RD AVE S MINNEAPOLIS MN 55406	FLORENCE E TICKNER ET AL	RESIDENTIAL	$293,900	34 ft
3407 43RD AVE S MINNEAPOLIS MN 55406	DENNIS MOSS	RESIDENTIAL	$279,900	74 ft
3411 43RD AVE S MINNEAPOLIS MN 55406	T MIKK & B J KAPPLER	RESIDENTIAL-TWO UNIT	$402,700	114 ft
3347 43RD AVE S MINNEAPOLIS MN 55406	LISA MEIER TRUST ET AL	RESIDENTIAL	$342,000	119 ft
3400 44TH AVE S MINNEAPOLIS MN 55406	MICHELLE S DIETZ	RESIDENTIAL	$332,100	142 ft
3402 44TH AVE S MINNEAPOLIS MN 55406	J M KADER & J IW KADER	RESIDENTIAL	$456,400	146 ft
3415 43RD AVE S MINNEAPOLIS MN 55406	TONU MIKK & BARBARA K MIKK	RESIDENTIAL	$361,000	154 ft
3406 44TH AVE S MINNEAPOLIS MN 55406	E OLIVAREZ JR & J K OLIVAREZ	RESIDENTIAL	$369,700	159 ft
3341 43RD AVE S MINNEAPOLIS MN 55406	LAUREN JOHNSON	RESIDENTIAL	$286,500	160 ft
3410 44TH AVE S MINNEAPOLIS MN 55406	GAIL L THOMPSON	RESIDENTIAL	$233,700	181 ft

Property History

Most Recent Sale

Date199707

Price$73,400

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,200