3446 43RD AVE S MINNEAPOLIS MN 55406

PID: 0602823410042

Property Overview

Parcel ID0602823410042

Lot Size5,081 sq ft (0.117 ac)

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

Year Built1916

Property ClassRESIDENTIAL

OwnerKAREN ADELE GUSTAFSON

Assessed Value$371,300

Land Value$141,000

Building Value$230,300

Annual Tax$5,857

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $28K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

MiscAug 2023Closed

$6K

Twin City Roofing Construction Specialist Inc

ExistresApr 2023Closed

Schwantes Heating and Air

ResApr 2023Closed

Gust Plumbing Inc

AccessorySep 2017Closed

$22K

DUBE CONSTRUCTION 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~2,610 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 2,610 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
3442 43RD AVE S MINNEAPOLIS MN 55406	ANGELA TAFFE & C WINGATE	RESIDENTIAL	$321,200	40 ft
3450 43RD AVE S MINNEAPOLIS MN 55406	JUDITH A REITER	RESIDENTIAL	$329,100	40 ft
3438 43RD AVE S MINNEAPOLIS MN 55406	YING H TAN & LYNN M TAN	RESIDENTIAL	$406,300	80 ft
3454 43RD AVE S MINNEAPOLIS MN 55406	LINDSEY WALLACE ET AL	RESIDENTIAL	$302,100	80 ft
3436 43RD AVE S MINNEAPOLIS MN 55406	SARAH M POLSON	RESIDENTIAL	$268,800	120 ft
3449 42ND AVE S MINNEAPOLIS MN 55406	T BLOMGREN & E BLOMGREN	RESIDENTIAL	$518,500	141 ft
3445 42ND AVE S MINNEAPOLIS MN 55406	DANIEL L MADSEN	RESIDENTIAL-TWO UNIT	$375,100	143 ft
3441 42ND AVE S MINNEAPOLIS MN 55406	A JOHNSON & B JOHNSON	RESIDENTIAL	$267,200	155 ft
3453 42ND AVE S MINNEAPOLIS MN 55406	D & P BLOMGREN	RESIDENTIAL-TWO UNIT	$507,900	157 ft
3430 43RD AVE S MINNEAPOLIS MN 55406	LYDIA STATZ & NATE WILSON	RESIDENTIAL	$342,500	160 ft

Property History

Most Recent Sale

Date200006

Price$139,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,857