3900 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110209

Property Overview

Parcel ID0702823110209

Lot Size4,330 sq ft (0.099 ac)

Lot Dimensions (est.)125 ft wide × 35 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerMARY A HAY REVOCABLE TRUST

Assessed Value$388,600

Land Value$122,000

Building Value$266,600

Annual Tax$5,853

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2017 · $14K total declared value · Most recent: Jun 2024 (misc)

MiscJun 2024Closed

$14K

PATES INC

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ResNov 2017Closed

CHAMPION PLUMBING 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

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 width112 ft

Buildable depth0 ft

Area~1,839 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 1,839 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
3904 46TH AVE S MINNEAPOLIS MN 55406	MARIA K THIELING	RESIDENTIAL	$333,100	36 ft
3908 46TH AVE S MINNEAPOLIS MN 55406	J WILLIAM SCHOEPHOERSTER ETA	RESIDENTIAL	$319,700	74 ft
3856 46TH AVE S MINNEAPOLIS MN 55406	TERESA ROSSI LUND	RESIDENTIAL	$171,500	97 ft
3912 46TH AVE S MINNEAPOLIS MN 55406	SUZANNE M MAGEE	RESIDENTIAL	$254,900	114 ft
3852 46TH AVE S MINNEAPOLIS MN 55406	LACEY JOHNSON	RESIDENTIAL	$317,500	138 ft
3901 45TH AVE S MINNEAPOLIS MN 55406	T T LEONARD & P LEONARD	RESIDENTIAL	$302,500	140 ft
3905 45TH AVE S MINNEAPOLIS MN 55406	RENA SINGLETON	RESIDENTIAL	$310,500	145 ft
3916 46TH AVE S MINNEAPOLIS MN 55406	JOHN BABCOCK & KIRSTEN OLSON	RESIDENTIAL	$325,800	154 ft
3909 45TH AVE S MINNEAPOLIS MN 55406	SANDRA M HOSKINS	RESIDENTIAL	$281,100	160 ft
3857 45TH AVE S MINNEAPOLIS MN 55406	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$302,500	170 ft

Property History

Most Recent Sale

Date200210

Price$338,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,853