3856 42ND AVE S MINNEAPOLIS MN 55406

PID: 0702823120014

Property Overview

Parcel ID0702823120014

Lot Size5,029 sq ft (0.115 ac)

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

Year Built1921

Property ClassRESIDENTIAL

OwnerD & E RASMUSSON

Assessed Value$231,800

Land Value$130,000

Building Value$101,800

Annual Tax$3,228

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2022 · $5K total declared value · Most recent: Sep 2024 (existres)

ExistresSep 2024Closed

Ray N Welter Heating Co

MiscJun 2022Closed

$5K

Nordic Construction LLC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Howe · Minneapolis

Median reported rent1,127/mo

Renter-occupied37.3%

Median home value$308K

Vacancy rate0.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1104

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~2,315 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 2,315 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
3852 42ND AVE S MINNEAPOLIS MN 55406	JOSHUA KENT ROWAN	RESIDENTIAL	$371,900	40 ft
3848 42ND AVE S MINNEAPOLIS MN 55406	MATTHEW N WESTBERG	RESIDENTIAL	$217,500	80 ft
3900 42ND AVE S MINNEAPOLIS MN 55406	REIDY FOOD MARKET INC	LAND-COMMERCIAL	$63,500	96 ft
3844 42ND AVE S MINNEAPOLIS MN 55406	BONNIE RASMUSSEN	RESIDENTIAL	$272,400	120 ft
3904 42ND AVE S MINNEAPOLIS MN 55406	REIDY FOOD MARKET INC	COMMERCIAL-PREFERRED	$581,400	132 ft
3857 41ST AVE S MINNEAPOLIS MN 55406	M A KENEFICK/M L KONDRACSEK	RESIDENTIAL	$276,300	141 ft
3853 41ST AVE S MINNEAPOLIS MN 55406	M DEL VALLE & C DEL VALLE	RESIDENTIAL	$739,100	146 ft
3840 42ND AVE S MINNEAPOLIS MN 55406	KEVIN J SCHREINER	RESIDENTIAL	$315,000	160 ft
3849 41ST AVE S MINNEAPOLIS MN 55406	JAY P BECKER & LACEY HARTMAN	RESIDENTIAL	$355,800	161 ft
3908 42ND AVE S MINNEAPOLIS MN 55406	M D BOSWELL & J L BOSWELL	RESIDENTIAL	$302,800	172 ft

Property History

Current Tax Year

Year2026

Tax Due$3,228