3418 42ND AVE S MINNEAPOLIS MN 55406

PID: 0602823420004

Property Overview

Parcel ID0602823420004

Lot Size6,703 sq ft (0.154 ac)

Lot Dimensions (est.)134 ft wide × 50 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerPATRICIA A CORDANO TRUST

Assessed Value$381,100

Land Value$151,000

Building Value$230,100

Annual Tax$5,935

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $33K total declared value · Most recent: Dec 2024 (existres)

ExistresDec 2024Closed

Standard Heating and Air Conditioning Inc

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ResAug 2021Closed

Urban Pine Plumbing and Mechanical Inc

MiscOct 2017Closed

$10K

KAUFMAN SHEET METAL ROOFING INC

ResMay 2017Closed

Norblom Plumbing Co

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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width40 ft

Buildable depth94 ft

Area~3,761 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 3-story wood frame (5–12 units) benchmarks for 3,761 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3422 42ND AVE S MINNEAPOLIS MN 55406	JUSTIN STEINER/EMILY WALLEY	RESIDENTIAL	$345,300	43 ft
3410 42ND AVE S MINNEAPOLIS MN 55406	MARY J SMETANKA	RESIDENTIAL	$405,600	59 ft
3424 42ND AVE S MINNEAPOLIS MN 55406	MARIA N BOWKER	RESIDENTIAL	$269,800	82 ft
3428 42ND AVE S MINNEAPOLIS MN 55406	AMANDA L ERDMAN	RESIDENTIAL	$319,200	122 ft
3408 42ND AVE S MINNEAPOLIS MN 55406	JEREMY G REES & EMILY REES	RESIDENTIAL	$352,500	132 ft
3421 41ST AVE S MINNEAPOLIS MN 55406	ERIC M D WEISPFENNING	RESIDENTIAL	$276,800	134 ft
3417 41ST AVE S MINNEAPOLIS MN 55406	D INNES/L HOTCHKISS/L LUITJE	RESIDENTIAL	$248,400	138 ft
3423 41ST AVE S MINNEAPOLIS MN 55406	B HERRERA & C HERRERA	RESIDENTIAL	$293,000	142 ft
3415 41ST AVE S MINNEAPOLIS MN 55406	CAROL C HAGEN	RESIDENTIAL	$328,100	151 ft
3425 41ST AVE S MINNEAPOLIS MN 55406	D L & K A LYMAN	RESIDENTIAL	$329,900	159 ft

Property History

Most Recent Sale

Date202207

Price$410,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,935