3421 45TH AVE S MINNEAPOLIS MN 55406

PID: 0602823410079

Property Overview

Parcel ID0602823410079

Lot Size5,390 sq ft (0.124 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerR C ERICKSON TRUST ET AL

Assessed Value$529,300

Land Value$232,000

Building Value$297,300

Annual Tax$8,296

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2018 · $67K total declared value · Most recent: May 2024 (misc)

MiscMay 2024Closed

$4K

THE HOME DEPOT

ResFeb 2024Closed

CenterPoint Energy Resource Corp

MiscMay 2023Closed

$50K

RENEWAL BY ANDERSEN CORP

ExistresOct 2020Closed

Standard Heating and Air Conditioning Inc

MiscMay 2019Closed

$13K

KAUFMAN SHEET METAL ROOFING 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 width32 ft

Buildable depth88 ft

Area~2,827 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 2,827 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
3425 45TH AVE S MINNEAPOLIS MN 55406	NORWEST BANK MN	RESIDENTIAL	$481,800	42 ft
3417 45TH AVE S MINNEAPOLIS MN 55406	PERRY GRUEBER & JUDY GRUEBER	RESIDENTIAL	$508,600	42 ft
3429 45TH AVE S MINNEAPOLIS MN 55406	JOHN W KOWLES ETAL	RESIDENTIAL	$445,200	84 ft
3415 45TH AVE S MINNEAPOLIS MN 55406	CLAIRE B LEWIS	RESIDENTIAL	$479,200	84 ft
3433 45TH AVE S MINNEAPOLIS MN 55406	S & T HALVERSON	RESIDENTIAL	$474,600	126 ft
3409 45TH AVE S MINNEAPOLIS MN 55406	MARY C ANDERSON	RESIDENTIAL	$347,500	126 ft
3420 46TH AVE S MINNEAPOLIS MN 55406	J J DOUGLASS & J P DOUGLASS	RESIDENTIAL	$650,200	143 ft
3424 46TH AVE S MINNEAPOLIS MN 55406	J HARTFIELD & JACQUELYN RUEN	RESIDENTIAL	$597,600	146 ft
3414 46TH AVE S MINNEAPOLIS MN 55406	PAUL MCKEON & RHONDA MCKEON	RESIDENTIAL	$634,400	156 ft
3428 46TH AVE S MINNEAPOLIS MN 55406	JEROME CARLTON SAMUELSON TR	RESIDENTIAL	$525,300	163 ft

Property History

Most Recent Sale

Date200507

Price$307,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,296