3825 45TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110024

Property Overview

Parcel ID0702823110024

Lot Size5,139 sq ft (0.118 ac)

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

Year Built1948

Property ClassRESIDENTIAL

OwnerELIZABETH MARY LONETTI

Assessed Value$377,700

Land Value$142,000

Building Value$235,700

Annual Tax$5,670

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $14K total declared value · Most recent: Sep 2024 (commercial minor)

Commercial MinorSep 2024Expired

Focus Plumbing Services LLC

ResOct 2023Closed

CenterPoint Energy Resource Corp

MiscApr 2021Closed

$10K

KAUFMAN SHEET METAL ROOFING INC

ResSep 2020Closed

MN Plumbing & Home Services INC

ResAug 2019Closed

Sara Creurer

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth88 ft

Area~2,653 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 2,653 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3829 45TH AVE S MINNEAPOLIS MN 55406	WITALI GLOBA	RESIDENTIAL	$260,000	40 ft
3821 45TH AVE S MINNEAPOLIS MN 55406	K M GREENHAM & S W GRANDE	RESIDENTIAL	$324,800	40 ft
3833 45TH AVE S MINNEAPOLIS MN 55406	KELLY J WOLLE/BRYAN S WOLLE	RESIDENTIAL	$348,000	80 ft
3817 45TH AVE S MINNEAPOLIS MN 55406	JANET E KNOWLTON/DAVID KNESS	RESIDENTIAL	$291,300	80 ft
3837 45TH AVE S MINNEAPOLIS MN 55406	MORGAN C BLUM	RESIDENTIAL	$329,300	120 ft
3815 45TH AVE S MINNEAPOLIS MN 55406	ERIC W PROUTY	RESIDENTIAL	$290,200	120 ft
3824 46TH AVE S MINNEAPOLIS MN 55406	EARL R CLAUSEN	RESIDENTIAL	$219,500	141 ft
3820 46TH AVE S MINNEAPOLIS MN 55406	MICHAEL A FUSARO	RESIDENTIAL	$248,000	146 ft
3828 46TH AVE S MINNEAPOLIS MN 55406	BRUCE D JACOBSEN REV TRUST	RESIDENTIAL	$264,400	146 ft
3841 45TH AVE S MINNEAPOLIS MN 55406	IRENE M HOMO	RESIDENTIAL	$320,900	160 ft

Property History

Most Recent Sale

Date201909

Price$369,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,670