3928 44TH ST E MINNEAPOLIS MN 55406

PID: 0702823420034

Property Overview

Parcel ID0702823420034

Lot Size10,010 sq ft (0.230 ac)

Lot Dimensions (est.)100 ft wide × 101 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerJ E & E M NYBERG

Assessed Value$286,600

Land Value$166,000

Building Value$120,600

Annual Tax$4,382

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $20K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$20K

WALKER ROOFING CO

ResFeb 2023Closed

CenterPoint Energy Resource Corp

ExistresApr 2018Closed

CenterPoint Energy Resource Corp

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 width87 ft

Buildable depth61 ft

Area~5,237 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 5,237 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
3924 44TH ST E MINNEAPOLIS MN 55406	CAROLYN M BRILL	RESIDENTIAL	$207,500	72 ft
4346 40TH AVE S MINNEAPOLIS MN 55406	NANCY CALDERON	RESIDENTIAL	$0	79 ft
3912 44TH ST E MINNEAPOLIS MN 55406	M J SCANLON & T E DAVIES	RESIDENTIAL	$277,700	117 ft
4340 40TH AVE S MINNEAPOLIS MN 55406	RANDY A BROWN	RESIDENTIAL	$280,800	128 ft
4000 44TH ST E MINNEAPOLIS MN 55406	CARRIE MACK	RESIDENTIAL	$310,100	132 ft
4400 40TH AVE S MINNEAPOLIS MN 55406	LARRY O FLATEGRAFF & WIFE	RESIDENTIAL	$324,000	136 ft
4004 44TH ST E MINNEAPOLIS MN 55406	ALICIA VALENTI	RESIDENTIAL	$283,500	177 ft
4406 40TH AVE S MINNEAPOLIS MN 55406	JENNIFER ANN FELDT	RESIDENTIAL	$283,700	186 ft
4336 40TH AVE S MINNEAPOLIS MN 55406	JOSEPH C ORDOS	RESIDENTIAL	$371,300	186 ft
4347 40TH AVE S MINNEAPOLIS MN 55406	S R WELTER & L E EVERS	RESIDENTIAL	$354,900	193 ft

Property History

Most Recent Sale

Date199012

Price$54,900

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,382