4536 46TH AVE S MINNEAPOLIS MN 55406

PID: 0702823440129

Property Overview

Parcel ID0702823440129

Lot Size5,066 sq ft (0.116 ac)

Lot Dimensions (est.)126 ft wide × 40 ft deep

Year Built1941

Property ClassRESIDENTIAL

OwnerVICTOR OGUNGBAMIGBE

Assessed Value$460,000

Land Value$154,000

Building Value$306,000

Annual Tax$7,023

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2006 · $32K total declared value · Most recent: Mar 2024 (existres)

ExistresMar 2024Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

MiscFeb 2024Closed

$15K

Mayday Restoration

ResFeb 2024Closed

BONFES PLUMBING HEATING AND AIR SERVICE INC

ResOct 2023Closed

CenterPoint Energy Resource Corp

MiscJul 2022Closed

$9K

Safe Basements of MN

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 depth87 ft

Area~2,599 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 2,599 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
4532 46TH AVE S MINNEAPOLIS MN 55406	LINDA KAYE KEEN TRUST	RESIDENTIAL-TWO UNIT	$420,100	40 ft
4540 46TH AVE S MINNEAPOLIS MN 55406	B CUBED LLC	RESIDENTIAL	$246,000	40 ft
4528 46TH AVE S MINNEAPOLIS MN 55406	K T SULLIVAN & R MCGOFF	RESIDENTIAL	$351,000	80 ft
4524 46TH AVE S MINNEAPOLIS MN 55406	CRYSTAL LEE NELSON	RESIDENTIAL	$351,800	120 ft
4556 46TH ST E MINNEAPOLIS MN 55406	GATEWAY REAL ESTATE II LLC	APARTMENT	$4,924,000	133 ft
4537 45TH AVE S MINNEAPOLIS MN 55406	RYAN EGGINTON	RESIDENTIAL	$445,500	140 ft
4541 45TH AVE S MINNEAPOLIS MN 55406	NATALIE COOK/ALEXANDER COOK	RESIDENTIAL	$386,800	146 ft
4533 45TH AVE S MINNEAPOLIS MN 55406	DESNEIGE EMMONS	RESIDENTIAL	$354,700	146 ft
4520 46TH AVE S MINNEAPOLIS MN 55406	TROY A REICHARD	RESIDENTIAL	$284,000	160 ft
4529 45TH AVE S MINNEAPOLIS MN 55406	PAUL D SPOHN	RESIDENTIAL	$292,900	161 ft

Property History

Most Recent Sale

Date202506

Price$450,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,023