3825 42ND AVE S MINNEAPOLIS MN 55406

PID: 0702823110115

Property Overview

Parcel ID0702823110115

Lot Size5,077 sq ft (0.117 ac)

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

Year Built1918

Property ClassRESIDENTIAL

OwnerGWEN DOROTHY WASMUND

Assessed Value$363,000

Land Value$131,000

Building Value$232,000

Annual Tax$5,424

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $33K total declared value · Most recent: Oct 2025 (accessory)

AccessoryOct 2025Closed

$22K

Minneapolis Garage Builders, LLC

ExistresJun 2024Closed

Standard Heating and Air Conditioning Inc

MiscNov 2023Closed

$11K

KAUFMAN SHEET METAL ROOFING INC

ResJan 2017Closed

CENTERPOINT ENERGY

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 depth87 ft

Area~2,607 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 2,607 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 42ND AVE S MINNEAPOLIS MN 55406	M C GREENE-BEMLOTT	RESIDENTIAL	$315,100	40 ft
3821 42ND AVE S MINNEAPOLIS MN 55406	GOLDLAND PROPERTIES LLC	COMMERCIAL-PREFERRED	$391,000	40 ft
3833 42ND AVE S MINNEAPOLIS MN 55406	M A & P J GESS	RESIDENTIAL	$275,900	80 ft
3837 42ND AVE S MINNEAPOLIS MN 55406	B S ANDERSON & G KERDKLAI	RESIDENTIAL	$265,600	120 ft
3824 43RD AVE S MINNEAPOLIS MN 55406	B E LARSON & C M POWERS	RESIDENTIAL	$416,000	141 ft
3828 43RD AVE S MINNEAPOLIS MN 55406	R W LEE & A J LEE	RESIDENTIAL	$305,100	146 ft
3820 43RD AVE S MINNEAPOLIS MN 55406	S L LEHMAN & M E THOMAS	RESIDENTIAL	$300,000	147 ft
3841 42ND AVE S MINNEAPOLIS MN 55406	PLK LLC	RESIDENTIAL	$294,100	160 ft
3809 42ND AVE S MINNEAPOLIS MN 55406	HIAWATHA PROP PARTNERS LLC	COMMERCIAL-PREFERRED	$1,980,000	160 ft
3832 43RD AVE S MINNEAPOLIS MN 55406	BRANDON WOOD & TIANA WOOD	RESIDENTIAL	$394,600	161 ft

Property History

Most Recent Sale

Date201807

Price$305,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,424