3449 45TH AVE S MINNEAPOLIS MN 55406

PID: 0602823410072

Property Overview

Parcel ID0602823410072

Lot Size5,389 sq ft (0.124 ac)

Lot Dimensions (est.)128 ft wide × 42 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerFAYE M PRICE/ANN C VIITALA

Assessed Value$478,100

Land Value$232,000

Building Value$246,100

Annual Tax$7,352

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2007 · $188K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Closed

Perfection Plumbing LLC

MiscMay 2024Closed

$25K

KAUFMAN SHEET METAL ROOFING INC

ResFeb 2024Closed

CenterPoint Energy Resource Corp

RemodelJan 2024Closed

$10K

HANSON REMODELING

ResMar 2021Closed

Norblom Plumbing Co

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 width32 ft

Buildable depth88 ft

Area~2,826 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 2,826 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3453 45TH AVE S MINNEAPOLIS MN 55406	JAMES D & SUSAN NORDIN TRUST	RESIDENTIAL	$490,400	42 ft
3445 45TH AVE S MINNEAPOLIS MN 55406	CATHERINE WOLTER ET AL	RESIDENTIAL	$521,600	42 ft
3441 45TH AVE S MINNEAPOLIS MN 55406	E COOK & R ENDERS	RESIDENTIAL	$462,100	84 ft
3437 45TH AVE S MINNEAPOLIS MN 55406	M HOGAN & J A DAHLGREN HOGAN	RESIDENTIAL	$527,000	126 ft
3448 46TH AVE S MINNEAPOLIS MN 55406	G & P ANDERSON	RESIDENTIAL	$493,700	144 ft
3501 45TH AVE S MINNEAPOLIS MN 55406	RAHUL G KANE	RESIDENTIAL	$410,000	144 ft
3452 46TH AVE S MINNEAPOLIS MN 55406	C NARDIE-WARNER & M BALLERIA	RESIDENTIAL	$613,100	146 ft
3444 46TH AVE S MINNEAPOLIS MN 55406	L J KELLER & S ABDERHOLDEN	RESIDENTIAL	$630,200	159 ft
3433 45TH AVE S MINNEAPOLIS MN 55406	S & T HALVERSON	RESIDENTIAL	$474,600	168 ft
3440 46TH AVE S MINNEAPOLIS MN 55406	T C LEISTER & M M LEISTER	RESIDENTIAL	$529,400	185 ft

Property History

Most Recent Sale

Date199508

Price$81,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$7,352