4244 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823410085

Property Overview

Parcel ID0702823410085

Lot Size6,371 sq ft (0.146 ac)

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

Year Built1931

Property ClassRESIDENTIAL-TWO UNIT

OwnerBRIAN J VETTER

Assessed Value$379,600

Land Value$73,000

Building Value$116,800

Annual Tax$4,340

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2018 · $20K total declared value · Most recent: Feb 2025 (misc)

MiscFeb 2025Closed

$20K

Windowlab

ExistresOct 2018Closed

TEAM MECHANICAL 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

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4240 46TH AVE S MINNEAPOLIS MN 55406	P RICKETTS & K RICKETTS	RESIDENTIAL-TWO UNIT	$426,600	50 ft
4236 46TH AVE S MINNEAPOLIS MN 55406	CALEB CRESWELL	APARTMENT	$529,000	100 ft
4300 46TH AVE S MINNEAPOLIS MN 55406	L BEROCAY & K MATORUGA	RESIDENTIAL	$284,200	107 ft
4255 45TH AVE S MINNEAPOLIS MN 55406	A RECKINGER & A VARNEY	RESIDENTIAL	$386,800	140 ft
4304 46TH AVE S MINNEAPOLIS MN 55406	K D HAYS & A J NOSKA	RESIDENTIAL	$569,600	149 ft
4232 46TH AVE S MINNEAPOLIS MN 55406	JASON BRAZIL & DEVON BRAZIL	RESIDENTIAL	$430,000	150 ft
4247 45TH AVE S MINNEAPOLIS MN 55406	R P RAMBERG & J A RAMBERG	RESIDENTIAL	$265,000	150 ft
4243 45TH AVE S MINNEAPOLIS MN 55406	LAURIE ANN MACLEOD	RESIDENTIAL	$300,200	169 ft
4301 45TH AVE S MINNEAPOLIS MN 55406	JEANNE DALEN	RESIDENTIAL	$365,100	177 ft
4308 46TH AVE S MINNEAPOLIS MN 55406	RICHARD W FRANCOIS	APARTMENT	$467,000	192 ft

Property History

Most Recent Sale

Date199909

Price$197,750

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,340