3803 45TH ST E MINNEAPOLIS MN 55406

PID: 0702823430002

Property Overview

Parcel ID0702823430002

Lot Size13,055 sq ft (0.300 ac)

Lot Dimensions (est.)180 ft wide × 72 ft deep

Year Built1974

Property ClassCONDOMINIUM

OwnerMARY BETH PERCY REVOCABLE TR

Assessed Value$212,000

Land Value$70,000

Building Value$142,000

Annual Tax$2,885

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

1 permit on record since 2020 · Most recent: Aug 2020 (existres)

ExistresAug 2020Closed

UPTOWN PLUMBING HEATING AND COOLING

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 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.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width165 ft

Buildable depth32 ft

Area~6,067 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 3-story wood frame (5–12 units) benchmarks for 6,067 sqft buildable area.

Est. units

Yield on cost

4.3%

Spread

-1.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3801 45TH ST E MINNEAPOLIS MN 55406	TERESA M VICK	CONDOMINIUM	$222,000	0 ft
3805 45TH ST E MINNEAPOLIS MN 55406	AMANDA M SELL	CONDOMINIUM	$215,000	0 ft
3807 45TH ST E MINNEAPOLIS MN 55406	MICHAEL D LUKE	CONDOMINIUM	$240,000	0 ft
3809 45TH ST E MINNEAPOLIS MN 55406	ERIC J JENSEN	CONDOMINIUM	$222,000	0 ft
MN	Unknown	—	—	0 ft
4511 SNELLING AVE MINNEAPOLIS MN 55406	IH3 PROPERTY MINNESOTA LP	RESIDENTIAL	$274,400	65 ft
4515 SNELLING AVE MINNEAPOLIS MN 55406	D M SANDKAMP & L E SANDKAMP	RESIDENTIAL	$318,400	105 ft
4517 SNELLING AVE MINNEAPOLIS MN 55406	DONALD LEE REYES	RESIDENTIAL	$275,800	145 ft
3808 45TH ST E MINNEAPOLIS MN 55406	J M JAUQUET & H T M JAUQUET	RESIDENTIAL	$272,300	147 ft
3804 45TH ST E MINNEAPOLIS MN 55406	RONALD E RENNEBERG & WIFE	RESIDENTIAL	$241,000	155 ft

Property History

Most Recent Sale

Date198310

Price$73,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,885