3956 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110223

Property Overview

Parcel ID0702823110223

Lot Size5,017 sq ft (0.115 ac)

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

Year Built2024

Property ClassRESIDENTIAL

OwnerA PESAVENTO & B PESAVENTO

Assessed Value$767,300

Land Value$133,000

Building Value$634,300

Annual Tax$12,816

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2024 · $330K total declared value · Most recent: Jun 2024 (newres)

NewresJun 2024Closed

$15K

SWIFT HEATING & AIR CONDITIONING INC

ResJun 2024Closed

SWIFT HEATING & AIR CONDITIONING INC

ResJun 2024Closed

West Hennepin Plumbing LLC

NewApr 2024Closed

$300K

Icon Homes

PrivateMar 2024Closed

$15K

Icon Homes

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~2,307 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 2,307 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
3952 46TH AVE S MINNEAPOLIS MN 55406	ESTELA SERNA QUINTANA	RESIDENTIAL	$312,000	40 ft
3948 46TH AVE S MINNEAPOLIS MN 55406	CITY LAKES COMM LAND TRUST	—	$297,500	80 ft
4000 46TH AVE S MINNEAPOLIS MN 55406	D JOHANSSON & B SANTHAVI	RESIDENTIAL	$348,400	119 ft
3944 46TH AVE S MINNEAPOLIS MN 55406	PAUL KROGH/ANNIE NASI KROGH	RESIDENTIAL	$661,000	120 ft
3957 45TH AVE S MINNEAPOLIS MN 55406	MARY HAMMES & ROSS HUNTER	RESIDENTIAL	$294,200	140 ft
3953 45TH AVE S MINNEAPOLIS MN 55406	CHRISTOPHER JENSSEN	RESIDENTIAL	$269,800	146 ft
4004 46TH AVE S MINNEAPOLIS MN 55406	MAUREEN T MOORE	RESIDENTIAL	$272,300	155 ft
3940 46TH AVE S MINNEAPOLIS MN 55406	MICHAEL LARS CARLSON ETAL	RESIDENTIAL	$281,600	160 ft
3949 45TH AVE S MINNEAPOLIS MN 55406	JAMIE PIKE & JOHN PIKE	RESIDENTIAL	$322,500	161 ft
4600 COFFEY LA MINNEAPOLIS MN 55406	T J BURT/B A BURT	RESIDENTIAL-TWO UNIT	$510,000	182 ft

Property History

Most Recent Sale

Date202409

Price$792,380

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,816