3801 44TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110061

Property Overview

Parcel ID0702823110061

Lot Size4,960 sq ft (0.114 ac)

Lot Dimensions (est.)128 ft wide × 39 ft deep

Year Built2020

Property ClassRESIDENTIAL

OwnerJ & B ARMS JOINT REV TRUST

Assessed Value$651,700

Land Value$132,000

Building Value$519,700

Annual Tax$10,621

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

5 permits on record since 2020 · $271K total declared value · Most recent: Aug 2020 (res)

ResAug 2020Closed

Master Gas Fitters Inc

NewresAug 2020Closed

$15K

SWIFT HEATING & AIR CONDITIONING INC

ResJul 2020Closed

West Hennepin Plumbing LLC

NewJun 2020Closed

$250K

ICON HOMES LLC

PrivateJun 2020Closed

$6K

Installed Building Solutions II 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

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth0 ft

Area~2,090 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 2,090 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
3805 44TH AVE S MINNEAPOLIS MN 55406	J SLESINSKI & T VAN WYLEN	RESIDENTIAL	$347,000	39 ft
3809 44TH AVE S MINNEAPOLIS MN 55406	LUCIA I BENDER	RESIDENTIAL	$297,700	79 ft
4415 38TH ST E MINNEAPOLIS MN 55406	GEM HOMES LLC	RESIDENTIAL	$282,800	100 ft
3749 44TH AVE S MINNEAPOLIS MN 55406	M & M GEIS	RESIDENTIAL	$329,900	105 ft
3815 44TH AVE S MINNEAPOLIS MN 55406	RICHARD A GERMUNDSEN TRUST	RESIDENTIAL	$371,500	119 ft
3745 44TH AVE S MINNEAPOLIS MN 55406	L A ALMQUIST & R V ALMQUIST	RESIDENTIAL	$363,800	145 ft
3817 44TH AVE S MINNEAPOLIS MN 55406	MITCHELL PECK & IVY NELSON	RESIDENTIAL	$301,900	159 ft
3800 45TH AVE S MINNEAPOLIS MN 55406	K RICHARDS & T FLANDRICK	RESIDENTIAL	$252,700	162 ft
3808 45TH AVE S MINNEAPOLIS MN 55406	MELISSA SWEET	RESIDENTIAL	$372,800	162 ft
3804 45TH AVE S MINNEAPOLIS MN 55406	ANN E GALLICK	RESIDENTIAL	$299,100	166 ft

Property History

Most Recent Sale

Date202102

Price$580,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,621