3603 44TH ST E MINNEAPOLIS MN 55406

PID: 0702823340034

Property Overview

Parcel ID0702823340034

Lot Size541 sq ft (0.012 ac)

Lot Dimensions (est.)32 ft wide × 17 ft deep

Year Built0

Property ClassLAND - INDUSTRIAL

OwnerNOR STATES POWER CO

Assessed Value$7,300

Land Value$7,300

Building Value$0

Annual Tax$162

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

No permits found in Minneapolis open data for this parcel.

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

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 width22 ft

Buildable depth0 ft

Area~150 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

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 150 sqft buildable area.

Est. units

Yield on cost

23.6%

Spread

+18.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4401 HIAWATHA AVE MINNEAPOLIS MN 55406	REDDY RENTS REALTY INC	INDUSTRIAL-NON PREFERRED	$2,050,000	176 ft
4360 SNELLING AVE MINNEAPOLIS MN 55406	KK-FIVE CORPORATION	VACANT LAND-APARTMENT	$98,300	253 ft
4400 SNELLING AVE MINNEAPOLIS MN 55406	CESAR O CHUNCHI	RESIDENTIAL-TWO UNIT	$292,800	256 ft
4356 SNELLING AVE MINNEAPOLIS MN 55406	MAXWELL J BAKER	RESIDENTIAL	$254,300	259 ft
3413 42ND ST E MINNEAPOLIS MN 55406	SOO LINE RAILROAD	RAILROAD	$55,000	265 ft
4352 SNELLING AVE MINNEAPOLIS MN 55406	MNSF T2 SPE LLC	RESIDENTIAL	$234,000	273 ft
4406 SNELLING AVE MINNEAPOLIS MN 55406	F JONES & Q BECK-JONES	RESIDENTIAL	$269,800	274 ft
3605 44TH ST E MINNEAPOLIS MN 55406	SNELLING YARDS APARTMENTS LP	LAND-COMMERCIAL	$0	279 ft
4346 SNELLING AVE MINNEAPOLIS MN 55406	J N WOODHURST/C S WOODHURST	RESIDENTIAL	$271,000	291 ft
4412 SNELLING AVE MINNEAPOLIS MN 55406	NOR STATES POWER CO	LAND - INDUSTRIAL	$10,100	291 ft

Property History

Current Tax Year

Year2026

Tax Due$162