3857 42ND AVE S MINNEAPOLIS MN 55406

PID: 0702823110107

Property Overview

Parcel ID0702823110107

Lot Size5,077 sq ft (0.117 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerC T O'NEIL & T G O'NEIL

Assessed Value$340,400

Land Value$134,000

Building Value$206,400

Annual Tax$5,046

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2017 · $63K total declared value · Most recent: Sep 2025 (remodel)

RemodelSep 2025Final Inspection

$5K

Colin O'Neil

ResAug 2025Final Inspection

Erik Nelson Plumbing LLC

ExistresJul 2025Closed

McQuillan Home Services LLC

ResJul 2023Closed

CenterPoint Energy Resource Corp

RemodelAug 2020Closed

$7K

ALL ENERGY SOLAR INC

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 width114 ft

Buildable depth0 ft

Area~2,347 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 2,347 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
3853 42ND AVE S MINNEAPOLIS MN 55406	MICHAEL L JAMES	RESIDENTIAL	$316,100	40 ft
3849 42ND AVE S MINNEAPOLIS MN 55406	PATRICIA J ZASKE	RESIDENTIAL	$276,500	80 ft
3905 42ND AVE S MINNEAPOLIS MN 55406	JORDAN R DECKENBACH	RESIDENTIAL	$368,300	116 ft
3845 42ND AVE S MINNEAPOLIS MN 55406	ANGELA M BALIUS	RESIDENTIAL	$338,500	120 ft
3856 43RD AVE S MINNEAPOLIS MN 55406	THOMAS SCHMIDT/MOLLY GAECKLE	RESIDENTIAL	$373,000	141 ft
3852 43RD AVE S MINNEAPOLIS MN 55406	TODD H ROCKWOOD	RESIDENTIAL	$379,700	147 ft
3841 42ND AVE S MINNEAPOLIS MN 55406	PLK LLC	RESIDENTIAL	$294,100	160 ft
3848 43RD AVE S MINNEAPOLIS MN 55406	LYNNEL M KUNDE	RESIDENTIAL	$284,500	163 ft
3900 43RD AVE S MINNEAPOLIS MN 55406	H BENSON & T J SASSAMAN	RESIDENTIAL	$300,600	169 ft
3909 42ND AVE S MINNEAPOLIS MN 55406	IVER ROBERT BREVASON	RESIDENTIAL	$218,500	172 ft

Property History

Most Recent Sale

Date201909

Price$348,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,046