3857 45TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110016

Property Overview

Parcel ID0702823110016

Lot Size5,138 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerHENNEPIN RP FUNDING LLC

Assessed Value$302,500

Land Value$142,000

Building Value$160,500

Annual Tax$4,683

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2020 · $7K total declared value · Most recent: Mar 2026 (misc)

MiscMar 2026Closed

$7K

TRUE BLUE CONSTRUCTION SERVICES LLC

ResMay 2021Closed

MN Plumbing & Home Services INC

ResJan 2021Closed

First Choice Plumbing & Heating LLC

ResJan 2021Closed

First Choice Plumbing & Heating LLC

ResDec 2020Closed

First Choice Plumbing & Heating LLC

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 depth0 ft

Area~2,388 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 sfr / adu benchmarks for 2,388 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3853 45TH AVE S MINNEAPOLIS MN 55406	SPENCER ALAN KUBAT	RESIDENTIAL	$320,900	40 ft
3849 45TH AVE S MINNEAPOLIS MN 55406	H F MILLER & C J MILLER	RESIDENTIAL	$321,800	80 ft
3901 45TH AVE S MINNEAPOLIS MN 55406	T T LEONARD & P LEONARD	RESIDENTIAL	$302,500	96 ft
3845 45TH AVE S MINNEAPOLIS MN 55406	BRIGETTE M MARTY	RESIDENTIAL	$234,000	120 ft
3905 45TH AVE S MINNEAPOLIS MN 55406	RENA SINGLETON	RESIDENTIAL	$310,500	132 ft
3856 46TH AVE S MINNEAPOLIS MN 55406	TERESA ROSSI LUND	RESIDENTIAL	$171,500	141 ft
3852 46TH AVE S MINNEAPOLIS MN 55406	LACEY JOHNSON	RESIDENTIAL	$317,500	146 ft
3841 45TH AVE S MINNEAPOLIS MN 55406	IRENE M HOMO	RESIDENTIAL	$320,900	161 ft
3848 46TH AVE S MINNEAPOLIS MN 55406	MARTA JACOBSEN	RESIDENTIAL	$233,200	162 ft
3900 46TH AVE S MINNEAPOLIS MN 55406	MARY A HAY REVOCABLE TRUST	RESIDENTIAL	$388,600	170 ft

Property History

Most Recent Sale

Date202011

Price$240,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$4,683