3804 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110002

Property Overview

Parcel ID0702823110002

Lot Size5,020 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerARDUS D MORGAN

Assessed Value$273,300

Land Value$133,000

Building Value$140,300

Annual Tax$3,922

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Howe · Minneapolis

Median reported rent1,554/mo

Renter-occupied38.8%

Median home value$306K

Vacancy rate5.9%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1105

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth85 ft

Area~2,564 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 2,564 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3800 46TH AVE S MINNEAPOLIS MN 55406	M BUSTAMANTE & J BUSTAMANTE	RESIDENTIAL	$635,300	39 ft
3808 46TH AVE S MINNEAPOLIS MN 55406	THERESA C KLAMAN TRUST	RESIDENTIAL	$275,500	40 ft
3812 46TH AVE S MINNEAPOLIS MN 55406	JOSHUA BERGERON	RESIDENTIAL	$359,800	80 ft
3816 46TH AVE S MINNEAPOLIS MN 55406	DERRICK P SCHUBERT	RESIDENTIAL	$195,100	120 ft
3805 45TH AVE S MINNEAPOLIS MN 55406	JOHN C SUNDAHL	RESIDENTIAL	$257,300	141 ft
3748 46TH AVE S MINNEAPOLIS MN 55406	CYNTHIA A BERLOVITZ	RESIDENTIAL	$344,100	144 ft
3801 45TH AVE S MINNEAPOLIS MN 55406	KARI NYMAN	RESIDENTIAL	$318,900	145 ft
3809 45TH AVE S MINNEAPOLIS MN 55406	MARISA FELD	RESIDENTIAL	$323,700	147 ft
3820 46TH AVE S MINNEAPOLIS MN 55406	MICHAEL A FUSARO	RESIDENTIAL	$248,000	160 ft
3815 45TH AVE S MINNEAPOLIS MN 55406	ERIC W PROUTY	RESIDENTIAL	$290,200	163 ft

Property History

Most Recent Sale

Date201011

Price$170,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,922