3500 43RD AVE S MINNEAPOLIS MN 55406

PID: 0602823410143

Property Overview

Parcel ID0602823410143

Lot Size5,080 sq ft (0.117 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerANNABELLE AXNESS

Assessed Value$240,300

Land Value$141,000

Building Value$99,300

Annual Tax$4,555

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

ResJan 2019Closed

Linn Star Transfer 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

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 width114 ft

Buildable depth0 ft

Area~2,349 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,349 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3504 43RD AVE S MINNEAPOLIS MN 55406	LUKE E GROSS & ANGELA GROSS	RESIDENTIAL	$387,200	40 ft
3508 43RD AVE S MINNEAPOLIS MN 55406	LUTHER HILL & C ERJAVEC	RESIDENTIAL	$325,200	80 ft
3454 43RD AVE S MINNEAPOLIS MN 55406	LINDSEY WALLACE ET AL	RESIDENTIAL	$302,100	100 ft
3512 43RD AVE S MINNEAPOLIS MN 55406	MARK ZOSEL & SARAH ZOSEL	RESIDENTIAL	$319,700	120 ft
3450 43RD AVE S MINNEAPOLIS MN 55406	JUDITH A REITER	RESIDENTIAL	$329,100	140 ft
3501 42ND AVE S MINNEAPOLIS MN 55406	MARY A & THOMAS A BECKER	RESIDENTIAL	$173,000	141 ft
3507 42ND AVE S MINNEAPOLIS MN 55406	ERNST IBS	RESIDENTIAL	$258,800	147 ft
3516 43RD AVE S MINNEAPOLIS MN 55406	LAUREN LARKIN	RESIDENTIAL	$288,100	160 ft
3509 42ND AVE S MINNEAPOLIS MN 55406	STEPHEN G ANDERSON	RESIDENTIAL	$165,500	163 ft
3446 43RD AVE S MINNEAPOLIS MN 55406	KAREN ADELE GUSTAFSON	RESIDENTIAL	$371,300	180 ft

Property History

Most Recent Sale

Date202209

Price$250,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,555