3521 43RD AVE S MINNEAPOLIS MN 55406

PID: 0602823410137

Property Overview

Parcel ID0602823410137

Lot Size5,139 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerKATRIN SCHUBACH

Assessed Value$285,700

Land Value$142,000

Building Value$143,700

Annual Tax$4,405

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $23K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$5K

Options Exteriors

MiscJun 2023Closed

$7K

Minnesota Rusco Inc

ResMay 2022Closed

ST PAUL PLUMBING AND HEATING CO INC

MiscOct 2017Closed

$4K

Minnesota Rusco Inc

MiscJun 2017Closed

$7K

Minnesota Rusco 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 depth88 ft

Area~2,654 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 2,654 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
3525 43RD AVE S MINNEAPOLIS MN 55406	TRACY W PAULSETH	RESIDENTIAL	$288,100	40 ft
3517 43RD AVE S MINNEAPOLIS MN 55406	DEBORAH HEYOKA	RESIDENTIAL	$274,500	40 ft
3529 43RD AVE S MINNEAPOLIS MN 55406	P H DAVIS & R KJ DAVIS	RESIDENTIAL	$352,600	80 ft
3513 43RD AVE S MINNEAPOLIS MN 55406	M W PETTIT & N B HENNING	RESIDENTIAL	$386,600	80 ft
3533 43RD AVE S MINNEAPOLIS MN 55406	OAKHAVEN HOUSING LLC	LOW INCOME RENTAL	$303,100	120 ft
3509 43RD AVE S MINNEAPOLIS MN 55406	D MOSSEY/C MOSSEY/M MOSSEY	RESIDENTIAL	$311,300	120 ft
3520 44TH AVE S MINNEAPOLIS MN 55406	JONES-MUTH REV FAMILY TR	RESIDENTIAL	$712,200	142 ft
3524 44TH AVE S MINNEAPOLIS MN 55406	D RC MUSGROVE & KEVYN A FUNK	RESIDENTIAL	$427,300	147 ft
3516 44TH AVE S MINNEAPOLIS MN 55406	AMY NOELLE PETERSON	RESIDENTIAL	$300,900	148 ft
3537 43RD AVE S MINNEAPOLIS MN 55406	S T ANDERSON & S L PUOTINEN	RESIDENTIAL	$363,700	160 ft

Property History

Most Recent Sale

Date200401

Price$180,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,405