4152 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823140221

Property Overview

Parcel ID0702823140221

Lot Size5,015 sq ft (0.115 ac)

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

Year Built1949

Property ClassRESIDENTIAL-TWO UNIT

OwnerALLAN D BLOCK

Assessed Value$401,100

Land Value$130,000

Building Value$271,100

Annual Tax$6,188

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $28K total declared value · Most recent: Nov 2019 (existres)

ExistresNov 2019Closed

Airic's Heating & Air Conditioning Inc

ExistresNov 2019Closed

Airic's Heating & Air Conditioning Inc

AccessoryMay 2018Closed

$22K

Dale Jr Construction and Services

MiscSep 2017Closed

$6K

James O Block

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~2,560 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 2,560 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
4148 46TH AVE S MINNEAPOLIS MN 55406	JAMES KARLO MAGARGEE	RESIDENTIAL	$278,700	40 ft
4156 46TH AVE S MINNEAPOLIS MN 55406	MCCRACKEN LIVING TRUST	RESIDENTIAL-TWO UNIT	$345,600	40 ft
4144 46TH AVE S MINNEAPOLIS MN 55406	J A THORESEN & J B MCMAHON	RESIDENTIAL-TWO UNIT	$406,500	80 ft
4140 46TH AVE S MINNEAPOLIS MN 55406	DONALD L HAMMEN TRUST	RESIDENTIAL	$235,700	120 ft
4153 45TH AVE S MINNEAPOLIS MN 55406	MICHELE COOK	RESIDENTIAL	$379,700	140 ft
4157 45TH AVE S MINNEAPOLIS MN 55406	TANYA S WATSON REVOC TR ETAL	RESIDENTIAL	$354,400	146 ft
4149 45TH AVE S MINNEAPOLIS MN 55406	KYLE CLEMENTSON ET AL	RESIDENTIAL	$332,400	146 ft
4136 46TH AVE S MINNEAPOLIS MN 55406	MICHAEL A GALLAGHER	RESIDENTIAL	$265,200	160 ft
4145 45TH AVE S MINNEAPOLIS MN 55406	S T MANTHIS/M FRANCO-MANTHIS	RESIDENTIAL	$306,700	161 ft
4200 46TH AVE S MINNEAPOLIS MN 55406	A S WALKER & A M LUNDSTEN	RESIDENTIAL	$314,900	165 ft

Property History

Most Recent Sale

Date201305

Price$238,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,188