4000 45TH AVE S MINNEAPOLIS MN 55406

PID: 0702823140032

Property Overview

Parcel ID0702823140032

Lot Size4,827 sq ft (0.111 ac)

Lot Dimensions (est.)67 ft wide × 72 ft deep

Year Built1963

Property ClassRESIDENTIAL

OwnerLINDA PATRICIA SLOAN

Assessed Value$268,000

Land Value$137,000

Building Value$131,000

Annual Tax$3,834

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2024 · $39K total declared value · Most recent: May 2025 (existres)

ExistresMay 2025Closed

Air Mechanical Inc

ResMay 2025Closed

WHITE EAGLE PLUMBING

RemodelApr 2025Closed

$24K

ALL ACCESS CONSTRUCTION LLC

MiscAug 2024Closed

$15K

BORN CARPENTRY LLC

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

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 width54 ft

Buildable depth32 ft

Area~1,602 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 sfr / adu benchmarks for 1,602 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
4413 40TH ST E MINNEAPOLIS MN 55406	J E HOWARD REV TRUST ET AL	RESIDENTIAL	$333,000	64 ft
4008 45TH AVE S MINNEAPOLIS MN 55406	NANETTE M BISCHOFF TRUST	RESIDENTIAL	$401,300	64 ft
4012 45TH AVE S MINNEAPOLIS MN 55406	ROBIN K HALLOUM	RESIDENTIAL	$239,000	101 ft
3956 45TH AVE S MINNEAPOLIS MN 55406	C R V VERDOORN ET AL	RESIDENTIAL	$310,400	139 ft
4016 45TH AVE S MINNEAPOLIS MN 55406	A J MILLER & N J MILLER TRST	RESIDENTIAL	$713,800	139 ft
4005 45TH AVE S MINNEAPOLIS MN 55406	D AILI & L J MERCK	RESIDENTIAL	$252,100	158 ft
4001 45TH AVE S MINNEAPOLIS MN 55406	JOAN MARIE JOHNSON TRUSTEE	RESIDENTIAL	$240,000	159 ft
4009 45TH AVE S MINNEAPOLIS MN 55406	BARBARA M MAKI REVOCABLE TR	RESIDENTIAL	$324,900	166 ft
4005 44TH AVE S MINNEAPOLIS MN 55406	R D OLSON & J H OLSON	RESIDENTIAL	$229,300	173 ft
4001 44TH AVE S MINNEAPOLIS MN 55406	MATTHEW WOOD	RESIDENTIAL	$282,900	173 ft

Property History

Current Tax Year

Year2026

Tax Due$3,834