3908 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110211

Property Overview

Parcel ID0702823110211

Lot Size5,018 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1950

Property ClassRESIDENTIAL

OwnerJ WILLIAM SCHOEPHOERSTER ETA

Assessed Value$319,700

Land Value$133,000

Building Value$186,700

Annual Tax$4,699

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2019 · $21K total declared value · Most recent: Sep 2025 (existres)

ExistresSep 2025Closed

Standard Heating and Air Conditioning Inc

RemodelJun 2025Closed

$7K

COMPLETE BASEMENT SYSTEMS

ResApr 2025Cancelled

Hero Home Services LLC

MiscDec 2020Closed

$13K

WINDOW CONCEPTS OF MINNESOTA INC

ResJun 2019Closed

Water Heaters Now 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth85 ft

Area~2,563 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 2,563 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3904 46TH AVE S MINNEAPOLIS MN 55406	MARIA K THIELING	RESIDENTIAL	$333,100	39 ft
3912 46TH AVE S MINNEAPOLIS MN 55406	SUZANNE M MAGEE	RESIDENTIAL	$254,900	40 ft
3900 46TH AVE S MINNEAPOLIS MN 55406	MARY A HAY REVOCABLE TRUST	RESIDENTIAL	$388,600	74 ft
3916 46TH AVE S MINNEAPOLIS MN 55406	JOHN BABCOCK & KIRSTEN OLSON	RESIDENTIAL	$325,800	80 ft
3920 46TH AVE S MINNEAPOLIS MN 55406	MARGARET BENDZICK	RESIDENTIAL	$275,400	120 ft
3909 45TH AVE S MINNEAPOLIS MN 55406	SANDRA M HOSKINS	RESIDENTIAL	$281,100	141 ft
3905 45TH AVE S MINNEAPOLIS MN 55406	RENA SINGLETON	RESIDENTIAL	$310,500	146 ft
3911 45TH AVE S MINNEAPOLIS MN 55406	TAMI L DRACKERT	RESIDENTIAL	$265,300	147 ft
3901 45TH AVE S MINNEAPOLIS MN 55406	T T LEONARD & P LEONARD	RESIDENTIAL	$302,500	159 ft
3924 46TH AVE S MINNEAPOLIS MN 55406	KAREN VIERSTRAETE WERTH	RESIDENTIAL	$347,400	160 ft

Property History

Most Recent Sale

Date202504

Price$410,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,699