3932 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110217

Property Overview

Parcel ID0702823110217

Lot Size5,018 sq ft (0.115 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerG TRUSSELL & M K TRUSSELL

Assessed Value$265,600

Land Value$133,000

Building Value$132,600

Annual Tax$3,794

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2020 · $13K total declared value · Most recent: Apr 2025 (misc)

MiscApr 2025Closed

$6K

One Nation Exteriors LLC

ResOct 2023Closed

CenterPoint Energy Resource Corp

MiscJul 2022Closed

$7K

STANDARD WATER CONTROL SYSTEMS INC

ResJan 2020Closed

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~2,562 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 2,562 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3928 46TH AVE S MINNEAPOLIS MN 55406	KAREN VIERSTRAETE WERTH	RESIDENTIAL	$219,600	40 ft
3936 46TH AVE S MINNEAPOLIS MN 55406	PAUL T DODD & BROOKE B DODD	RESIDENTIAL	$711,900	40 ft
3924 46TH AVE S MINNEAPOLIS MN 55406	KAREN VIERSTRAETE WERTH	RESIDENTIAL	$347,400	80 ft
3940 46TH AVE S MINNEAPOLIS MN 55406	MICHAEL LARS CARLSON ETAL	RESIDENTIAL	$281,600	81 ft
3920 46TH AVE S MINNEAPOLIS MN 55406	MARGARET BENDZICK	RESIDENTIAL	$275,400	120 ft
3944 46TH AVE S MINNEAPOLIS MN 55406	PAUL KROGH/ANNIE NASI KROGH	RESIDENTIAL	$661,000	120 ft
3933 45TH AVE S MINNEAPOLIS MN 55406	KARL OLSEN & KRISTA BAIN	RESIDENTIAL	$328,300	141 ft
3929 45TH AVE S MINNEAPOLIS MN 55406	G & D RUSNACKO	RESIDENTIAL	$283,000	146 ft
3937 45TH AVE S MINNEAPOLIS MN 55406	RICHARD LEE LAKNER	RESIDENTIAL	$300,200	147 ft
3916 46TH AVE S MINNEAPOLIS MN 55406	JOHN BABCOCK & KIRSTEN OLSON	RESIDENTIAL	$325,800	160 ft

Property History

Most Recent Sale

Date202410

Price$326,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,794