3542 45TH AVE S MINNEAPOLIS MN 55406

PID: 0602823410211

Property Overview

Parcel ID0602823410211

Lot Size5,453 sq ft (0.125 ac)

Lot Dimensions (est.)128 ft wide × 43 ft deep

Year Built1927

Property ClassRESIDENTIAL

OwnerWILLIAM BURLESON & M L BENTZ

Assessed Value$615,000

Land Value$232,000

Building Value$383,000

Annual Tax$10,235

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $4K total declared value · Most recent: Sep 2024 (res)

ResSep 2024Expired

Warners Stellian Co Inc

MiscJun 2021Closed

$4K

SMITH COLE STUCCO AND STONE

ResMar 2021Closed

Hero Home Services LLC

ResJan 2019Closed

CenterPoint Energy Resource Corp

ExistresDec 2017Closed

Heating and Cooling Two 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 depth90 ft

Area~2,870 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 2,870 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
3536 45TH AVE S MINNEAPOLIS MN 55406	PAULA M HENRY	RESIDENTIAL	$440,700	42 ft
3546 45TH AVE S MINNEAPOLIS MN 55406	R J & S L PETERSON	RESIDENTIAL	$425,800	43 ft
3532 45TH AVE S MINNEAPOLIS MN 55406	KATHERINE LAND/MICHAEL GRAY	RESIDENTIAL	$478,200	85 ft
3548 45TH AVE S MINNEAPOLIS MN 55406	J E MULLIGAN & C J MULLIGAN	RESIDENTIAL	$492,200	85 ft
3528 45TH AVE S MINNEAPOLIS MN 55406	TIMOTHY M PIPKORN	RESIDENTIAL	$567,100	127 ft
3552 45TH AVE S MINNEAPOLIS MN 55406	D A BOARDMAN & M L BOARDMAN	RESIDENTIAL	$544,700	128 ft
3541 44TH AVE S MINNEAPOLIS MN 55406	S M ARSETH & J P POLNASZEK	RESIDENTIAL	$378,900	142 ft
3537 44TH AVE S MINNEAPOLIS MN 55406	DEREK J ANDERSEN	RESIDENTIAL	$274,000	148 ft
3545 44TH AVE S MINNEAPOLIS MN 55406	DANIEL K FERNANDEZ	RESIDENTIAL	$417,300	149 ft
3533 44TH AVE S MINNEAPOLIS MN 55406	BRYN ROSE & LEAH H OLSON	RESIDENTIAL	$365,900	165 ft

Property History

Most Recent Sale

Date199007

Price$70,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$10,235