3909 43RD ST E MINNEAPOLIS MN 55406

PID: 0702823420219

Property Overview

Parcel ID0702823420219

Lot Size6,655 sq ft (0.153 ac)

Lot Dimensions (est.)40 ft wide × 166 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerTRENT W WELLS/JEAN L PORTER

Assessed Value$457,000

Land Value$141,000

Building Value$316,000

Annual Tax$6,999

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $179K total declared value · Most recent: Oct 2023 (res)

ResOct 2023Closed

CenterPoint Energy Resource Corp

ExistresOct 2022Closed

Metro Heating & Cooling LLC

ExistresMar 2021Closed

SR Mechanical Inc

ResDec 2020Closed

Master Plumbing Services LLC

AdditionDec 2020Closed

$140K

CASTLE BUILDING & REMODELING 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth126 ft

Area~2,638 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 2,638 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3915 43RD ST E MINNEAPOLIS MN 55406	BENJAMIN T HABERMANN	RESIDENTIAL	$255,800	40 ft
3905 43RD ST E MINNEAPOLIS MN 55406	D C GUMM & M A GUMM	RESIDENTIAL	$300,500	40 ft
3901 43RD ST E MINNEAPOLIS MN 55406	J M GRIFFIN & M K GRIFFIN	RESIDENTIAL	$317,900	80 ft
4316 40TH AVE S MINNEAPOLIS MN 55406	CAROL ANN BROWN	RESIDENTIAL	$399,100	118 ft
4308 40TH AVE S MINNEAPOLIS MN 55406	JOHN & PATRICIA HAY-CHAPMAN	RESIDENTIAL	$288,600	121 ft
3827 43RD ST E MINNEAPOLIS MN 55406	MULARI REVOCABLE LIVING TR	RESIDENTIAL	$314,100	121 ft
4304 40TH AVE S MINNEAPOLIS MN 55406	JENNIFER A CLARK	RESIDENTIAL	$281,700	122 ft
4312 40TH AVE S MINNEAPOLIS MN 55406	JESSICA MARA GALATZ	RESIDENTIAL	$286,100	131 ft
4300 40TH AVE S MINNEAPOLIS MN 55406	P M MILLER & S D MILLER	RESIDENTIAL	$309,900	137 ft
3823 43RD ST E MINNEAPOLIS MN 55406	S M Q HUERTA & M S P ROMERO	RESIDENTIAL	$283,700	147 ft

Property History

Most Recent Sale

Date201504

Price$179,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,999