4506 35TH AVE S MINNEAPOLIS MN 55406

PID: 0702823340125

Property Overview

Parcel ID0702823340125

Lot Size4,799 sq ft (0.110 ac)

Lot Dimensions (est.)100 ft wide × 48 ft deep

Year Built1956

Property ClassRESIDENTIAL

OwnerELOISE M MCDONALD

Assessed Value$362,200

Land Value$136,000

Building Value$226,200

Annual Tax$5,390

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

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

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 width38 ft

Buildable depth60 ft

Area~2,278 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 2,278 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
4502 35TH AVE S MINNEAPOLIS MN 55406	ELIZABETH KATHERINE BRENNAN	RESIDENTIAL	$252,900	50 ft
4510 35TH AVE S MINNEAPOLIS MN 55406	ELOISE M MCDONALD	RESIDENTIAL	$248,800	52 ft
3411 45TH ST E MINNEAPOLIS MN 55406	ELOISE M MCDONALD	RESIDENTIAL	$197,000	72 ft
4514 35TH AVE S MINNEAPOLIS MN 55406	H W WATKINS IV/A LEIPARD	RESIDENTIAL	$411,800	101 ft
4520 35TH AVE S MINNEAPOLIS MN 55406	KARISSA SCHMOE/LYDIA GAJDEL	RESIDENTIAL	$313,800	150 ft
4501 34TH AVE S MINNEAPOLIS MN 55406	4501 34TH AVE S LLC	COMMERCIAL-PREFERRED	$490,000	156 ft
4511 34TH AVE S MINNEAPOLIS MN 55406	DAVID E BELL	APARTMENT	$425,000	159 ft
4509 35TH AVE S MINNEAPOLIS MN 55406	JOSE J GONZALEZ	RESIDENTIAL	$356,700	177 ft
4513 35TH AVE S MINNEAPOLIS MN 55406	N JENNEMAN & R SEIBOLD	RESIDENTIAL	$394,800	183 ft
4517 34TH AVE S MINNEAPOLIS MN 55406	D A RHODES & R R MADDOX	RESIDENTIAL	$231,200	185 ft

Property History

Current Tax Year

Year2026

Tax Due$5,390