3952 42ND AVE S MINNEAPOLIS MN 55406

PID: 0702823120218

Property Overview

Parcel ID0702823120218

Lot Size5,040 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1929

Property ClassRESIDENTIAL

OwnerCOOPER/MACAULAY LIVING TRUST

Assessed Value$466,500

Land Value$133,000

Building Value$333,500

Annual Tax$7,157

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $31K total declared value · Most recent: Mar 2021 (misc)

MiscMar 2021Closed

$8K

BRAD HANSON CONST SERVICE

ResDec 2018Closed

Metro Heating & Cooling LLC

ExistresNov 2018Closed

Metro Heating & Cooling LLC

MiscJun 2018Closed

$2K

WINDOW CONCEPTS OF MINNESOTA INC

AccessoryJun 2017Closed

$21K

Minneapolis Garage Builders, 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth86 ft

Area~2,579 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 2,579 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
3950 42ND AVE S MINNEAPOLIS MN 55406	NICHOLAS R WILLMS	RESIDENTIAL	$325,300	40 ft
3956 42ND AVE S MINNEAPOLIS MN 55406	3956 42ND AVE LLC	APARTMENT	$467,000	40 ft
3944 42ND AVE S MINNEAPOLIS MN 55406	D S BUFFIE & S M BUFFIE	RESIDENTIAL	$280,400	80 ft
3940 42ND AVE S MINNEAPOLIS MN 55406	JOSEPH LEE	RESIDENTIAL-TWO UNIT	$416,000	120 ft
3953 41ST AVE S MINNEAPOLIS MN 55406	DAVID DANIELS	RESIDENTIAL	$265,500	141 ft
3949 41ST AVE S MINNEAPOLIS MN 55406	J HILLENBRAND/J HILLENBRAND	RESIDENTIAL	$371,200	146 ft
3955 41ST AVE S MINNEAPOLIS MN 55406	CECILIA J GIRON	RESIDENTIAL-TWO UNIT	$373,000	147 ft
3936 42ND AVE S MINNEAPOLIS MN 55406	ERIN C WESTIN/PAUL S WESTIN	RESIDENTIAL	$388,500	160 ft
4000 42ND AVE S MINNEAPOLIS MN 55406	KATRINA A LEONE	RESIDENTIAL	$236,800	160 ft
3945 41ST AVE S MINNEAPOLIS MN 55406	G D MABEE & M M MABEE	RESIDENTIAL	$364,000	161 ft

Property History

Most Recent Sale

Date202103

Price$419,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,157