4500 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823440120

Property Overview

Parcel ID0702823440120

Lot Size5,371 sq ft (0.123 ac)

Lot Dimensions (est.)126 ft wide × 42 ft deep

Year Built1917

Property ClassRESIDENTIAL-TWO UNIT

OwnerJULIE DORN

Assessed Value$367,700

Land Value$158,000

Building Value$209,700

Annual Tax$5,482

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2021 · Most recent: Feb 2024 (res)

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ResFeb 2024Closed

CenterPoint Energy Resource Corp

ResJul 2021Closed

CHAMPION PLUMBING LLC

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

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 width113 ft

Buildable depth2 ft

Area~2,548 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 2,548 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4504 46TH AVE S MINNEAPOLIS MN 55406	CATHERINE A CORRIGAN	RESIDENTIAL	$313,300	41 ft
4508 46TH AVE S MINNEAPOLIS MN 55406	KEVIN D HEGG TRUST	RESIDENTIAL	$381,000	81 ft
4456 46TH AVE S MINNEAPOLIS MN 55406	D W JENSEN & J K YOUNG	RESIDENTIAL	$381,700	101 ft
4512 46TH AVE S MINNEAPOLIS MN 55406	ANGELA SCHMITZ & BRYAN FEILS	RESIDENTIAL	$400,100	121 ft
4501 45TH AVE S MINNEAPOLIS MN 55406	MARY S WHITE	RESIDENTIAL	$402,000	140 ft
4452 46TH AVE S MINNEAPOLIS MN 55406	J P MCKERNON & K A CLAYTON	RESIDENTIAL	$369,600	141 ft
4505 45TH AVE S MINNEAPOLIS MN 55406	J CARLSON & K HELVIG CARLSON	RESIDENTIAL	$372,600	147 ft
4516 46TH AVE S MINNEAPOLIS MN 55406	RICHARD L SEVERSON	RESIDENTIAL	$238,000	161 ft
4509 45TH AVE S MINNEAPOLIS MN 55406	J CARLSON & K E H CARLSON	RESIDENTIAL	$570,600	163 ft
4457 45TH AVE S MINNEAPOLIS MN 55406	G J DAVIS & M E DAVIS	RESIDENTIAL	$489,400	172 ft

Property History

Most Recent Sale

Date201909

Price$265,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,482