4156 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823140222

Property Overview

Parcel ID0702823140222

Lot Size5,015 sq ft (0.115 ac)

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

Year Built1949

Property ClassRESIDENTIAL-TWO UNIT

OwnerMCCRACKEN LIVING TRUST

Assessed Value$345,600

Land Value$130,000

Building Value$215,600

Annual Tax$5,134

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $7K total declared value · Most recent: Apr 2021 (existres)

ExistresApr 2021Closed

McQuillan Bros Plumbing Heating & AC LLC

ResOct 2019Closed

Metro Heating & Cooling LLC

ResJul 2019Closed

Metro Heating & Cooling LLC

ResSep 2017Closed

BRESKI PLUMBING INC

RemodelSep 2017Closed

$2K

KLASIC CONSTRUCTION MGMT AND PROPERTY SERVICES 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

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~2,305 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 2,305 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4152 46TH AVE S MINNEAPOLIS MN 55406	ALLAN D BLOCK	RESIDENTIAL-TWO UNIT	$401,100	40 ft
4148 46TH AVE S MINNEAPOLIS MN 55406	JAMES KARLO MAGARGEE	RESIDENTIAL	$278,700	80 ft
4144 46TH AVE S MINNEAPOLIS MN 55406	J A THORESEN & J B MCMAHON	RESIDENTIAL-TWO UNIT	$406,500	120 ft
4200 46TH AVE S MINNEAPOLIS MN 55406	A S WALKER & A M LUNDSTEN	RESIDENTIAL	$314,900	125 ft
4157 45TH AVE S MINNEAPOLIS MN 55406	TANYA S WATSON REVOC TR ETAL	RESIDENTIAL	$354,400	140 ft
4153 45TH AVE S MINNEAPOLIS MN 55406	MICHELE COOK	RESIDENTIAL	$379,700	145 ft
4140 46TH AVE S MINNEAPOLIS MN 55406	DONALD L HAMMEN TRUST	RESIDENTIAL	$235,700	160 ft
4149 45TH AVE S MINNEAPOLIS MN 55406	KYLE CLEMENTSON ET AL	RESIDENTIAL	$332,400	161 ft
4204 46TH AVE S MINNEAPOLIS MN 55406	MELISSA M RICE	RESIDENTIAL	$215,500	174 ft
4145 45TH AVE S MINNEAPOLIS MN 55406	S T MANTHIS/M FRANCO-MANTHIS	RESIDENTIAL	$306,700	184 ft

Property History

Most Recent Sale

Date201911

Price$340,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,134