4549 42ND AVE S MINNEAPOLIS MN 55406

PID: 0702823440227

Property Overview

Parcel ID0702823440227

Lot Size7,598 sq ft (0.174 ac)

Lot Dimensions (est.)126 ft wide × 60 ft deep

Year Built1913

Property ClassRESIDENTIAL

OwnerROLF J GRUDEM REV TR ET AL

Assessed Value$392,000

Land Value$181,000

Building Value$211,000

Annual Tax$6,157

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width50 ft

Buildable depth87 ft

Area~4,330 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 4,330 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4545 42ND AVE S MINNEAPOLIS MN 55406	STEVEN SKOLASINSKI	RESIDENTIAL	$456,800	50 ft
4557 42ND AVE S MINNEAPOLIS MN 55406	CHRISTI TRICHE & ERIC LIARD	RESIDENTIAL	$409,000	60 ft
4541 42ND AVE S MINNEAPOLIS MN 55406	JENNY HARGIS	RESIDENTIAL	$354,000	90 ft
4537 42ND AVE S MINNEAPOLIS MN 55406	JAMES V FREID/KAREN A FREID	RESIDENTIAL	$344,700	130 ft
4548 43RD AVE S MINNEAPOLIS MN 55406	J BRIOL & M HESTERBERG	RESIDENTIAL	$368,500	141 ft
4552 43RD AVE S MINNEAPOLIS MN 55406	A A JOHNSON & M S VARGO	RESIDENTIAL	$430,000	143 ft
4544 43RD AVE S MINNEAPOLIS MN 55406	TIMOTHY MATSUURA & AMY HAUCK	RESIDENTIAL	$716,000	149 ft
4556 43RD AVE S MINNEAPOLIS MN 55406	TERRY E O'BRIEN	RESIDENTIAL	$357,500	156 ft
4540 43RD AVE S MINNEAPOLIS MN 55406	MARY A SCHNABEL TRUST	RESIDENTIAL	$365,600	167 ft
4533 42ND AVE S MINNEAPOLIS MN 55406	D F FLICKER/A E GREELEY	RESIDENTIAL	$363,000	170 ft

Property History

Most Recent Sale

Date198404

Price$63,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,157