3414 43RD AVE S MINNEAPOLIS MN 55406

PID: 0602823410034

Property Overview

Parcel ID0602823410034

Lot Size5,082 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1996

Property ClassRESIDENTIAL

OwnerD L MORELOCK & J ADAMS

Assessed Value$495,800

Land Value$141,000

Building Value$354,800

Annual Tax$7,649

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $68K total declared value · Most recent: Mar 2024 (misc)

MiscMar 2024Closed

$60K

SELA ROOFING AND REMODELING INC

ExistresApr 2022Closed

CENTERPOINT ENERGY

MiscSep 2019Closed

$8K

KAUFMAN SHEET METAL ROOFING INC

ResJan 2017Closed

Urban Pine Plumbing and Mechanical Inc

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth87 ft

Area~2,611 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 2,611 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3410 43RD AVE S MINNEAPOLIS MN 55406	C D KERN/A WARNER/C P KERN	RESIDENTIAL-TWO UNIT	$383,100	40 ft
3418 43RD AVE S MINNEAPOLIS MN 55406	K CHRISTMAN & S CHRISTMAN	RESIDENTIAL-TWO UNIT	$403,500	40 ft
3406 43RD AVE S MINNEAPOLIS MN 55406	EVA KELLER	RESIDENTIAL	$413,900	80 ft
3422 43RD AVE S MINNEAPOLIS MN 55406	J H ECKHART & K FELBECK	RESIDENTIAL	$322,300	80 ft
3426 43RD AVE S MINNEAPOLIS MN 55406	DAN THE QUACH & LAN KIM KHUU	RESIDENTIAL	$448,000	120 ft
3400 43RD AVE S MINNEAPOLIS MN 55406	J A OLSON & E OLSON	RESIDENTIAL	$383,600	134 ft
3417 42ND AVE S MINNEAPOLIS MN 55406	RITA M KARGER	RESIDENTIAL	$243,000	141 ft
3413 42ND AVE S MINNEAPOLIS MN 55406	ALYSSA JOY SIEMS ROBERSON	RESIDENTIAL	$452,700	143 ft
3421 42ND AVE S MINNEAPOLIS MN 55406	HANSON INVESTMENTS LLC	RESIDENTIAL	$293,600	151 ft
3411 42ND AVE S MINNEAPOLIS MN 55406	CAITLIN SHRESTHA	RESIDENTIAL	$305,500	155 ft

Property History

Most Recent Sale

Date202208

Price$530,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,649