3944 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110220

Property Overview

Parcel ID0702823110220

Lot Size4,951 sq ft (0.114 ac)

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

Year Built2017

Property ClassRESIDENTIAL

OwnerPAUL KROGH/ANNIE NASI KROGH

Assessed Value$661,000

Land Value$132,000

Building Value$529,000

Annual Tax$10,799

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $217K total declared value · Most recent: May 2023 (existres)

ExistresMay 2023Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

NewresAug 2017Closed

$12K

Heating and Cooling Two Inc

ResJul 2017Closed

Heating and Cooling Two Inc

ResJul 2017Closed

SERVEY PLUMBING INC

NewJun 2017Closed

$200K

DREAM HOMES 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 depth84 ft

Area~2,517 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 2,517 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3940 46TH AVE S MINNEAPOLIS MN 55406	MICHAEL LARS CARLSON ETAL	RESIDENTIAL	$281,600	40 ft
3948 46TH AVE S MINNEAPOLIS MN 55406	CITY LAKES COMM LAND TRUST	—	$297,500	40 ft
3936 46TH AVE S MINNEAPOLIS MN 55406	PAUL T DODD & BROOKE B DODD	RESIDENTIAL	$711,900	80 ft
3952 46TH AVE S MINNEAPOLIS MN 55406	ESTELA SERNA QUINTANA	RESIDENTIAL	$312,000	80 ft
3932 46TH AVE S MINNEAPOLIS MN 55406	G TRUSSELL & M K TRUSSELL	RESIDENTIAL	$265,600	120 ft
3956 46TH AVE S MINNEAPOLIS MN 55406	A PESAVENTO & B PESAVENTO	RESIDENTIAL	$767,300	120 ft
3945 45TH AVE S MINNEAPOLIS MN 55406	ANN LOEWEN BERNSTEIN	RESIDENTIAL	$334,000	141 ft
3941 45TH AVE S MINNEAPOLIS MN 55406	SCOTT S CHAMBERLAIN ET AL	RESIDENTIAL	$318,400	146 ft
3949 45TH AVE S MINNEAPOLIS MN 55406	JAMIE PIKE & JOHN PIKE	RESIDENTIAL	$322,500	147 ft
3928 46TH AVE S MINNEAPOLIS MN 55406	KAREN VIERSTRAETE WERTH	RESIDENTIAL	$219,600	160 ft

Property History

Most Recent Sale

Date201711

Price$530,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,799