4004 45TH ST E MINNEAPOLIS MN 55406

PID: 0702823430186

Property Overview

Parcel ID0702823430186

Lot Size7,738 sq ft (0.178 ac)

Lot Dimensions (est.)77 ft wide × 101 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerS C HANSON & W J PREM

Assessed Value$337,200

Land Value$147,000

Building Value$190,200

Annual Tax$4,993

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

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

MiscSep 2023Closed

$10K

ZUPS CONSTRUCTION LLC

AccessoryApr 2022Closed

$20K

Minneapolis Garage Builders, 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

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 width64 ft

Buildable depth61 ft

Area~3,872 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 3,872 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4018 45TH ST E MINNEAPOLIS MN 55406	LYSSA M WESTLING	RESIDENTIAL	$248,400	69 ft
4445 40TH AVE S MINNEAPOLIS MN 55406	JOHN SHIELDS	RESIDENTIAL	$301,700	81 ft
4441 40TH AVE S MINNEAPOLIS MN 55406	D L KAHLER & K L KAHLER	RESIDENTIAL	$267,400	129 ft
4501 MINNEHAHA AVE MINNEAPOLIS MN 55406	HOUNDSTEETH LLC	COMMERCIAL-PREFERRED	$230,000	155 ft
4461 MINNEHAHA AVE MINNEAPOLIS MN 55406	BREWERY Q & K LLC	COMMERCIAL-PREFERRED	$689,000	159 ft
4015 45TH ST E MINNEAPOLIS MN 55406	JUDSON T NOLAN	RESIDENTIAL	$239,800	166 ft
4452 41ST AVE S MINNEAPOLIS MN 55406	TIMOTHY J WALKER	RESIDENTIAL	$703,600	167 ft
4448 41ST AVE S MINNEAPOLIS MN 55406	JONATHAN BRADLEY BURGOON	RESIDENTIAL	$382,100	168 ft
4435 40TH AVE S MINNEAPOLIS MN 55406	B J CAVERLY & G D CAVERLY	RESIDENTIAL	$276,400	178 ft
4442 41ST AVE S MINNEAPOLIS MN 55406	ERIC E STARKE & J GAARE	RESIDENTIAL	$316,600	183 ft

Property History

Most Recent Sale

Date200007

Price$160,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,993