3708 43RD ST E MINNEAPOLIS MN 55406

PID: 0702823310055

Property Overview

Parcel ID0702823310055

Lot Size5,616 sq ft (0.129 ac)

Lot Dimensions (est.)92 ft wide × 61 ft deep

Year Built1947

Property ClassRESIDENTIAL-TWO UNIT

OwnerJOE LEE

Assessed Value$387,400

Land Value$129,000

Building Value$258,400

Annual Tax$7,358

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

1 permit on record since 2012 · $80K total declared value · Most recent: Oct 2012 (building re-inspection)

Building Re-inspectionOct 2012

$80K

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

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 width82 ft

Buildable depth21 ft

Area~2,144 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 2,144 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3714 43RD ST E MINNEAPOLIS MN 55406	T T & P E HOFFER	RESIDENTIAL	$281,200	72 ft
4249 SNELLING AVE MINNEAPOLIS MN 55406	JOSEPH HATCH	RESIDENTIAL-TWO UNIT	$354,400	84 ft
4245 SNELLING AVE MINNEAPOLIS MN 55406	D M CIMINSKI & E G CIMINSKI	RESIDENTIAL	$321,300	85 ft
3716 43RD ST E MINNEAPOLIS MN 55406	TERRY DONALD MILLER	VACANT LAND-RESIDENTIAL	$2,400	96 ft
4243 SNELLING AVE MINNEAPOLIS MN 55406	DAVID M WROBLESKI ET AL TR	RESIDENTIAL	$307,100	122 ft
4242 MINNEHAHA AVE MINNEAPOLIS MN 55406	PAIGE SCHEUNEMANN	RESIDENTIAL	$339,400	140 ft
4246 MINNEHAHA AVE MINNEAPOLIS MN 55406	STACY R ALDRICH	RESIDENTIAL	$310,400	153 ft
4250 MINNEHAHA AVE MINNEAPOLIS MN 55406	TERRY DONALD MILLER	RESIDENTIAL	$224,900	157 ft
4238 MINNEHAHA AVE MINNEAPOLIS MN 55406	GSS PROPERTY MANAGEMENT LLC	RESIDENTIAL	$262,600	160 ft
4237 SNELLING AVE MINNEAPOLIS MN 55406	C JAZDZEWSKI & A K BRONG	RESIDENTIAL	$355,700	160 ft

Property History

Most Recent Sale

Date201208

Price$110,288

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,358