3401 45TH AVE S MINNEAPOLIS MN 55406

PID: 0602823410084

Property Overview

Parcel ID0602823410084

Lot Size5,391 sq ft (0.124 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerPAUL GIEFER

Assessed Value$469,200

Land Value$220,000

Building Value$249,200

Annual Tax$7,849

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2021 · $5K total declared value · Most recent: Nov 2025 (res)

ResNov 2025Closed

Master Plumbing Services LLC

ResMay 2024Closed

Warners Stellian Co Inc

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ExistresJan 2023Closed

Binder Heating and Air Conditioning Inc

RemodelMar 2021Closed

$2K

Midwest Egress

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 depth2 ft

Area~2,562 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 2,562 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3405 45TH AVE S MINNEAPOLIS MN 55406	VIRGINIA S VINER	RESIDENTIAL	$401,500	42 ft
3409 45TH AVE S MINNEAPOLIS MN 55406	MARY C ANDERSON	RESIDENTIAL	$347,500	84 ft
3415 45TH AVE S MINNEAPOLIS MN 55406	CLAIRE B LEWIS	RESIDENTIAL	$479,200	126 ft
3353 45TH AVE S MINNEAPOLIS MN 55406	KELLY J GORDON	RESIDENTIAL-TWO UNIT	$379,700	135 ft
3400 46TH AVE S MINNEAPOLIS MN 55406	C M TOWNE & N R HARTE	RESIDENTIAL	$575,800	142 ft
3406 46TH AVE S MINNEAPOLIS MN 55406	D A ERICHSEN & B JO ERICHSEN	RESIDENTIAL	$537,800	151 ft
3417 45TH AVE S MINNEAPOLIS MN 55406	PERRY GRUEBER & JUDY GRUEBER	RESIDENTIAL	$508,600	168 ft
3410 46TH AVE S MINNEAPOLIS MN 55406	T J & C L BLOOM	RESIDENTIAL	$546,700	172 ft
3349 45TH AVE S MINNEAPOLIS MN 55406	KYLIE WILLIAMSON/KELLY KNAUS	RESIDENTIAL	$416,900	187 ft
3344 45TH AVE S MINNEAPOLIS MN 55406	S WHITEAKER AND P HANGGE	RESIDENTIAL	$541,100	188 ft

Property History

Most Recent Sale

Date202204

Price$540,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,849