3714 43RD ST E MINNEAPOLIS MN 55406

PID: 0702823310052

Property Overview

Parcel ID0702823310052

Lot Size4,695 sq ft (0.108 ac)

Lot Dimensions (est.)84 ft wide × 56 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerT T & P E HOFFER

Assessed Value$281,200

Land Value$118,000

Building Value$163,200

Annual Tax$4,272

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

2 permits on record since 2023 · $20K total declared value · Most recent: Oct 2024 (existres)

ExistresOct 2024Closed

CENTERPOINT ENERGY

MiscAug 2023Closed

$20K

CCM

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

Neighborhood Profile

Hiawatha · 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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth69 ft

Area~2,239 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 2,239 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3716 43RD ST E MINNEAPOLIS MN 55406	TERRY DONALD MILLER	VACANT LAND-RESIDENTIAL	$2,400	25 ft
3708 43RD ST E MINNEAPOLIS MN 55406	JOE LEE	RESIDENTIAL-TWO UNIT	$387,400	72 ft
4242 MINNEHAHA AVE MINNEAPOLIS MN 55406	PAIGE SCHEUNEMANN	RESIDENTIAL	$339,400	82 ft
4246 MINNEHAHA AVE MINNEAPOLIS MN 55406	STACY R ALDRICH	RESIDENTIAL	$310,400	82 ft
4250 MINNEHAHA AVE MINNEAPOLIS MN 55406	TERRY DONALD MILLER	RESIDENTIAL	$224,900	88 ft
4254 MINNEHAHA AVE MINNEAPOLIS MN 55406	BRIE M MEYER	RESIDENTIAL	$238,300	107 ft
4238 MINNEHAHA AVE MINNEAPOLIS MN 55406	GSS PROPERTY MANAGEMENT LLC	RESIDENTIAL	$262,600	113 ft
4245 SNELLING AVE MINNEAPOLIS MN 55406	D M CIMINSKI & E G CIMINSKI	RESIDENTIAL	$321,300	137 ft
4234 MINNEHAHA AVE MINNEAPOLIS MN 55406	S HOLLOWAY & T HOLLOWAY	RESIDENTIAL	$263,000	149 ft
4249 SNELLING AVE MINNEAPOLIS MN 55406	JOSEPH HATCH	RESIDENTIAL-TWO UNIT	$354,400	154 ft

Property History

Most Recent Sale

Date199011

Price$60,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,272