4200 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823410001

Property Overview

Parcel ID0702823410001

Lot Size6,372 sq ft (0.146 ac)

Lot Dimensions (est.)126 ft wide × 50 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerA S WALKER & A M LUNDSTEN

Assessed Value$314,900

Land Value$146,000

Building Value$168,900

Annual Tax$4,619

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2020 · $58K total declared value · Most recent: Apr 2022 (misc)

MiscApr 2022Closed

$12K

KAUFMAN SHEET METAL ROOFING INC

MiscMar 2022Closed

$32K

TWIN CITIES SIDING PROFESSIONALS

MiscSep 2020Closed

$14K

KAUFMAN SHEET METAL ROOFING INC

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth10 ft

Area~3,232 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 3,232 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
4204 46TH AVE S MINNEAPOLIS MN 55406	MELISSA M RICE	RESIDENTIAL	$215,500	49 ft
4208 46TH AVE S MINNEAPOLIS MN 55406	LARRY J ZIMMERMAN	RESIDENTIAL	$309,700	97 ft
4156 46TH AVE S MINNEAPOLIS MN 55406	MCCRACKEN LIVING TRUST	RESIDENTIAL-TWO UNIT	$345,600	125 ft
4201 45TH AVE S MINNEAPOLIS MN 55406	MATTHEW T BLUM/MOLLY R BLUM	RESIDENTIAL	$291,800	141 ft
4212 46TH AVE S MINNEAPOLIS MN 55406	RUSSELL D EDLUND	RESIDENTIAL	$217,000	145 ft
4205 45TH AVE S MINNEAPOLIS MN 55406	LENORE ANGELA CAPKO	RESIDENTIAL	$240,300	150 ft
4152 46TH AVE S MINNEAPOLIS MN 55406	ALLAN D BLOCK	RESIDENTIAL-TWO UNIT	$401,100	165 ft
4209 45TH AVE S MINNEAPOLIS MN 55406	GRETCHEN R HARRY	RESIDENTIAL	$343,300	172 ft
4157 45TH AVE S MINNEAPOLIS MN 55406	TANYA S WATSON REVOC TR ETAL	RESIDENTIAL	$354,400	186 ft
4216 46TH AVE S MINNEAPOLIS MN 55406	THOMAS ROBERT ANSCHUTZ	RESIDENTIAL	$272,000	193 ft

Property History

Most Recent Sale

Date200708

Price$265,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,619