3815 42ND ST E MINNEAPOLIS MN 55406

PID: 0702823420138

Property Overview

Parcel ID0702823420138

Lot Size8,244 sq ft (0.189 ac)

Lot Dimensions (est.)88 ft wide × 94 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerALEXANDER J WESTBERG ET AL

Assessed Value$339,300

Land Value$147,000

Building Value$192,300

Annual Tax$5,028

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $30K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$11K

KRECH EXTERIORS INC

MiscApr 2022Closed

$3K

Innovative Basement Authority

ExistresMay 2018Closed

Residential Heating and Air Conditioning Inc

NewMay 2017Closed

$16K

SUSSEL CORP

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

Neighborhood Profile

Hiawatha · Minneapolis

Median reported rent1,127/mo

Renter-occupied37.3%

Median home value$308K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1104

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width78 ft

Buildable depth54 ft

Area~4,780 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 4,780 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3819 42ND ST E MINNEAPOLIS MN 55406	JENNIFER KEMP ET AL	RESIDENTIAL	$260,400	54 ft
3823 42ND ST E MINNEAPOLIS MN 55406	CHRISTOPHER G LEEDER	RESIDENTIAL	$237,000	93 ft
4211 MINNEHAHA AVE MINNEAPOLIS MN 55406	LAURA ANN HOENACK	RESIDENTIAL	$289,100	110 ft
4207 MINNEHAHA AVE MINNEAPOLIS MN 55406	M D FOSTER & M J FOSTER	RESIDENTIAL	$281,800	116 ft
4213 MINNEHAHA AVE MINNEAPOLIS MN 55406	MARCELLINUS K DOE	RESIDENTIAL-TWO UNIT	$343,800	118 ft
3827 42ND ST E MINNEAPOLIS MN 55406	ZACHARY AARON ADAMS	RESIDENTIAL	$236,500	133 ft
4219 MINNEHAHA AVE MINNEAPOLIS MN 55406	BENJAMIN PORTER/JILL PORTER	RESIDENTIAL	$312,300	138 ft
4201 MINNEHAHA AVE MINNEAPOLIS MN 55406	EB INVESTMENTS LLC	COMMERCIAL-PREFERRED	$461,000	146 ft
4155 38TH AVE S MINNEAPOLIS MN 55406	AMY CONROY & ANNE CONROY	RESIDENTIAL	$473,700	159 ft
4214 39TH AVE S MINNEAPOLIS MN 55406	T TINETTI & B WAGNER	RESIDENTIAL	$323,300	163 ft

Property History

Most Recent Sale

Date200809

Price$160,520

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,028