3711 43RD ST E MINNEAPOLIS MN 55406

PID: 0702823310119

Property Overview

Parcel ID0702823310119

Lot Size5,676 sq ft (0.130 ac)

Lot Dimensions (est.)94 ft wide × 61 ft deep

Year Built1920

Property ClassRESIDENTIAL-TWO UNIT

OwnerV G ROMERO & B R MONTES

Assessed Value$272,700

Land Value$112,000

Building Value$160,700

Annual Tax$5,179

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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 width32 ft

Buildable depth95 ft

Area~2,981 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 2,981 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3715 43RD ST E MINNEAPOLIS MN 55406	C C CAMPBELL & A T JOHNSON	RESIDENTIAL	$298,700	42 ft
3705 43RD ST E MINNEAPOLIS MN 55406	P MOORE & N MOORE	RESIDENTIAL	$242,400	42 ft
3701 43RD ST E MINNEAPOLIS MN 55406	K J L WALRAVEN/W L WALRAVEN	RESIDENTIAL	$310,000	84 ft
4315 SNELLING AVE MINNEAPOLIS MN 55406	TODD J KRINGLER	RESIDENTIAL	$302,600	89 ft
4319 SNELLING AVE MINNEAPOLIS MN 55406	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	133 ft
4300 MINNEHAHA AVE MINNEAPOLIS MN 55406	H R HALVORSEN & N SMIAR	RESIDENTIAL	$321,800	152 ft
4304 MINNEHAHA AVE MINNEAPOLIS MN 55406	PAIGE & ANDREW MURPHY TRUST	RESIDENTIAL	$374,800	161 ft
3708 43RD ST E MINNEAPOLIS MN 55406	JOE LEE	RESIDENTIAL-TWO UNIT	$387,400	165 ft
4323 SNELLING AVE MINNEAPOLIS MN 55406	ANDREW TOMTEN	RESIDENTIAL	$271,800	176 ft
4308 MINNEHAHA AVE MINNEAPOLIS MN 55406	OLIVIA M POLINSKY-ROSE	RESIDENTIAL	$256,300	183 ft

Property History

Most Recent Sale

Date199710

Price$62,567

Type—

Current Tax Year

Year2026

Tax Due$5,179