3901 45TH AVE S MINNEAPOLIS MN 55406

PID: 0702823110238

Property Overview

Parcel ID0702823110238

Lot Size4,052 sq ft (0.093 ac)

Lot Dimensions (est.)128 ft wide × 32 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerT T LEONARD & P LEONARD

Assessed Value$302,500

Land Value$125,000

Building Value$177,500

Annual Tax$4,412

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $28K total declared value · Most recent: Nov 2023 (res)

ResNov 2023Expired

McQuillan Bros Plumbing Heating & AC LLC

AdditionNov 2023Closed

$7K

Drew Sciacca

ResJul 2023Closed

CenterPoint Energy Resource Corp

ExistresMar 2021Closed

McQuillan Bros Plumbing Heating & AC LLC

AdditionOct 2020Closed

$4K

Drew Sciacca

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling 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 width115 ft

Buildable depth0 ft

Area~1,641 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 sfr / adu benchmarks for 1,641 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3905 45TH AVE S MINNEAPOLIS MN 55406	RENA SINGLETON	RESIDENTIAL	$310,500	36 ft
3909 45TH AVE S MINNEAPOLIS MN 55406	SANDRA M HOSKINS	RESIDENTIAL	$281,100	76 ft
3857 45TH AVE S MINNEAPOLIS MN 55406	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$302,500	96 ft
3911 45TH AVE S MINNEAPOLIS MN 55406	TAMI L DRACKERT	RESIDENTIAL	$265,300	116 ft
3853 45TH AVE S MINNEAPOLIS MN 55406	SPENCER ALAN KUBAT	RESIDENTIAL	$320,900	136 ft
3900 46TH AVE S MINNEAPOLIS MN 55406	MARY A HAY REVOCABLE TRUST	RESIDENTIAL	$388,600	140 ft
3904 46TH AVE S MINNEAPOLIS MN 55406	MARIA K THIELING	RESIDENTIAL	$333,100	145 ft
3917 45TH AVE S MINNEAPOLIS MN 55406	LARRY JAMES KLOCEK	RESIDENTIAL	$319,800	156 ft
3908 46TH AVE S MINNEAPOLIS MN 55406	J WILLIAM SCHOEPHOERSTER ETA	RESIDENTIAL	$319,700	159 ft
3856 46TH AVE S MINNEAPOLIS MN 55406	TERESA ROSSI LUND	RESIDENTIAL	$171,500	171 ft

Property History

Most Recent Sale

Date202510

Price$390,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,412