3508 45TH ST E MINNEAPOLIS MN 55406

PID: 0702823340152

Property Overview

Parcel ID0702823340152

Lot Size16,610 sq ft (0.381 ac)

Lot Dimensions (est.)132 ft wide × 126 ft deep

Year Built1998

Property ClassRESIDENTIAL-TWO UNIT

OwnerTHE JOHNSON LIVING TRUST

Assessed Value$527,500

Land Value$154,000

Building Value$373,500

Annual Tax$8,231

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

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 width119 ft

Buildable depth89 ft

Area~11,606 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 3-story wood frame (5–12 units) benchmarks for 11,606 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4457 35TH AVE S MINNEAPOLIS MN 55406	P SHEEHAN & H NAZARIO	RESIDENTIAL	$513,600	103 ft
4445 35TH AVE S MINNEAPOLIS MN 55406	SHIRLEY A NELSON	RESIDENTIAL	$194,600	107 ft
4441 35TH AVE S MINNEAPOLIS MN 55406	SHIRLEY A NELSON	RESIDENTIAL	$95,000	135 ft
4501 35TH AVE S MINNEAPOLIS MN 55406	CAROL ANN WING	RESIDENTIAL	$316,000	186 ft
4509 35TH AVE S MINNEAPOLIS MN 55406	JOSE J GONZALEZ	RESIDENTIAL	$356,700	233 ft
4401 35TH AVE S MINNEAPOLIS MN 55406	CRYSTAL LEE MAHLEN	RESIDENTIAL	$518,400	236 ft
4458 35TH AVE S MINNEAPOLIS MN 55406	N HYLDEN & P MCLAUGHLIN	RESIDENTIAL	$443,400	257 ft
4446 35TH AVE S MINNEAPOLIS MN 55406	A E BALLARD & L A OHLER	RESIDENTIAL	$551,300	274 ft
4513 35TH AVE S MINNEAPOLIS MN 55406	N JENNEMAN & R SEIBOLD	RESIDENTIAL	$394,800	280 ft
4442 35TH AVE S MINNEAPOLIS MN 55406	SANDRA JEAN SALINE TRUST	RESIDENTIAL	$273,600	286 ft

Property History

Most Recent Sale

Date201303

Price$299,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,231