4018 45TH ST E MINNEAPOLIS MN 55406

PID: 0702823430185

Property Overview

Parcel ID0702823430185

Lot Size6,201 sq ft (0.142 ac)

Lot Dimensions (est.)62 ft wide × 101 ft deep

Year Built1919

Property ClassRESIDENTIAL

OwnerLYSSA M WESTLING

Assessed Value$248,400

Land Value$134,000

Building Value$114,400

Annual Tax$3,506

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

2 permits on record since 2017 · Most recent: Oct 2023 (existres)

ExistresOct 2023Closed

Centraire Heating & Air Conditioning LLC

ResJan 2017Closed

CENTERPOINT ENERGY

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width52 ft

Buildable depth60 ft

Area~3,128 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 sfr / adu benchmarks for 3,128 sqft buildable area.

Est. units

Yield on cost

2.3%

Spread

-3.2%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4004 45TH ST E MINNEAPOLIS MN 55406	S C HANSON & W J PREM	RESIDENTIAL	$337,200	69 ft
4445 40TH AVE S MINNEAPOLIS MN 55406	JOHN SHIELDS	RESIDENTIAL	$301,700	84 ft
4452 41ST AVE S MINNEAPOLIS MN 55406	TIMOTHY J WALKER	RESIDENTIAL	$703,600	99 ft
4448 41ST AVE S MINNEAPOLIS MN 55406	JONATHAN BRADLEY BURGOON	RESIDENTIAL	$382,100	100 ft
4442 41ST AVE S MINNEAPOLIS MN 55406	ERIC E STARKE & J GAARE	RESIDENTIAL	$316,600	123 ft
4441 40TH AVE S MINNEAPOLIS MN 55406	D L KAHLER & K L KAHLER	RESIDENTIAL	$267,400	130 ft
4015 45TH ST E MINNEAPOLIS MN 55406	JUDSON T NOLAN	RESIDENTIAL	$239,800	157 ft
4438 41ST AVE S MINNEAPOLIS MN 55406	PHILLIP J SNYDER TRUST	RESIDENTIAL	$317,000	159 ft
4019 45TH ST E MINNEAPOLIS MN 55406	DEANNA M WICHMAN	RESIDENTIAL	$191,600	174 ft
4435 40TH AVE S MINNEAPOLIS MN 55406	B J CAVERLY & G D CAVERLY	RESIDENTIAL	$276,400	179 ft

Property History

Most Recent Sale

Date201110

Price$126,300

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,506