3601 43RD AVE S MINNEAPOLIS MN 55406

PID: 0602823440081

Property Overview

Parcel ID0602823440081

Lot Size5,373 sq ft (0.123 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerA PEDERSON & C REMJESKE

Assessed Value$261,000

Land Value$145,000

Building Value$116,000

Annual Tax$4,260

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · $7K total declared value · Most recent: Oct 2024 (misc)

MiscOct 2024Closed

$7K

Minnesota Restoration Contractors INC

ResDec 2021Closed

Water Heaters Now Inc

ResJan 2021Closed

Warners Stellian Co 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 width115 ft

Buildable depth2 ft

Area~2,550 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 2,550 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3605 43RD AVE S MINNEAPOLIS MN 55406	BRITTA R HAGSTROM	RESIDENTIAL	$298,900	42 ft
3609 43RD AVE S MINNEAPOLIS MN 55406	DANIELLE SOLLARS ENGELHART	RESIDENTIAL	$545,000	84 ft
3557 43RD AVE S MINNEAPOLIS MN 55406	JASON BROWN/KIMBERLY DE WANZ	RESIDENTIAL	$342,100	104 ft
3613 43RD AVE S MINNEAPOLIS MN 55406	JOSHUA KIELSMEIER-COOK ET AL	RESIDENTIAL	$336,000	125 ft
3553 43RD AVE S MINNEAPOLIS MN 55406	K E KUHLMANN & L KUHLMANN	RESIDENTIAL	$648,600	142 ft
3600 44TH AVE S MINNEAPOLIS MN 55406	COLE BAUER & GARRICK STEGNER	RESIDENTIAL	$233,000	142 ft
3604 44TH AVE S MINNEAPOLIS MN 55406	BROCK BIGALKE	RESIDENTIAL	$324,600	147 ft
3608 44TH AVE S MINNEAPOLIS MN 55406	R HANSBERRY & A NELSON	RESIDENTIAL	$364,700	164 ft
3617 43RD AVE S MINNEAPOLIS MN 55406	B P DE PILLIS/D A DE PILLIS	RESIDENTIAL	$296,300	167 ft
3556 44TH AVE S MINNEAPOLIS MN 55406	P LAFONTAINE & I RICKER	RESIDENTIAL	$349,200	177 ft

Property History

Most Recent Sale

Date201408

Price$185,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,260