3856 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110015

Property Overview

Parcel ID0702823110015

Lot Size5,019 sq ft (0.115 ac)

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

Year Built1924

Property ClassRESIDENTIAL

OwnerTERESA ROSSI LUND

Assessed Value$171,500

Land Value$133,000

Building Value$38,500

Annual Tax$2,700

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $2K total declared value · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

AdditionJul 2023Closed

$2K

Teresa Rossi Lund

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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

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 width112 ft

Buildable depth0 ft

Area~2,307 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 2,307 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
3852 46TH AVE S MINNEAPOLIS MN 55406	LACEY JOHNSON	RESIDENTIAL	$317,500	40 ft
3848 46TH AVE S MINNEAPOLIS MN 55406	MARTA JACOBSEN	RESIDENTIAL	$233,200	80 ft
3900 46TH AVE S MINNEAPOLIS MN 55406	MARY A HAY REVOCABLE TRUST	RESIDENTIAL	$388,600	97 ft
3844 46TH AVE S MINNEAPOLIS MN 55406	SHAHEEN B MOKHTARI ET AL	RESIDENTIAL	$254,800	120 ft
3904 46TH AVE S MINNEAPOLIS MN 55406	MARIA K THIELING	RESIDENTIAL	$333,100	133 ft
3857 45TH AVE S MINNEAPOLIS MN 55406	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$302,500	141 ft
3853 45TH AVE S MINNEAPOLIS MN 55406	SPENCER ALAN KUBAT	RESIDENTIAL	$320,900	146 ft
3840 46TH AVE S MINNEAPOLIS MN 55406	MICHAEL J THIEM	RESIDENTIAL	$285,200	160 ft
3849 45TH AVE S MINNEAPOLIS MN 55406	H F MILLER & C J MILLER	RESIDENTIAL	$321,800	161 ft
3901 45TH AVE S MINNEAPOLIS MN 55406	T T LEONARD & P LEONARD	RESIDENTIAL	$302,500	171 ft

Property History

Most Recent Sale

Date202201

Price$158,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,700