4016 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823140005

Property Overview

Parcel ID0702823140005

Lot Size5,017 sq ft (0.115 ac)

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

Year Built1929

Property ClassRESIDENTIAL

OwnerCLAIRE LOMBARDO

Assessed Value$473,000

Land Value$133,000

Building Value$340,000

Annual Tax$7,526

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2021 · $23K total declared value · Most recent: Nov 2024 (existres)

ExistresNov 2024Closed

4Front Energy Solutions Inc

MiscJul 2024Closed

$6K

TACHENY EXTERIORS

MiscSep 2023Closed

$17K

American Roofing & Siding

ResJul 2021Closed

Urban Pine Plumbing and Mechanical Inc

ExistresApr 2021Closed

Standard Heating and Air Conditioning Inc

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

Neighborhood Profile

Hiawatha · 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 depth85 ft

Area~2,562 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 2,562 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
4014 46TH AVE S MINNEAPOLIS MN 55406	JUSTIN J WARE & PAIGE L WARE	RESIDENTIAL	$394,200	40 ft
4020 46TH AVE S MINNEAPOLIS MN 55406	E ENGSTRAND & M ENGSTRAND	RESIDENTIAL	$395,400	40 ft
4008 46TH AVE S MINNEAPOLIS MN 55406	P J DANIELS & M L DANIELS	RESIDENTIAL	$291,200	79 ft
4024 46TH AVE S MINNEAPOLIS MN 55406	G MORSTAD & D MORSTAD	RESIDENTIAL	$344,100	80 ft
4004 46TH AVE S MINNEAPOLIS MN 55406	MAUREEN T MOORE	RESIDENTIAL	$272,300	116 ft
4028 46TH AVE S MINNEAPOLIS MN 55406	JENNIFER COCHIS	RESIDENTIAL	$261,000	120 ft
4017 45TH AVE S MINNEAPOLIS MN 55406	LINDA K PETRO	RESIDENTIAL	$319,800	141 ft
4021 45TH AVE S MINNEAPOLIS MN 55406	GWENN M SOLSETH	RESIDENTIAL	$279,900	146 ft
4015 45TH AVE S MINNEAPOLIS MN 55406	E S SKIBA & L M SKIBA	RESIDENTIAL	$290,100	146 ft
4000 46TH AVE S MINNEAPOLIS MN 55406	D JOHANSSON & B SANTHAVI	RESIDENTIAL	$348,400	153 ft

Property History

Most Recent Sale

Date202512

Price$510,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,526