4129 46TH AVE S MINNEAPOLIS MN 55406

PID: 0802823230061

Property Overview

Parcel ID0802823230061

Lot Size6,814 sq ft (0.156 ac)

Lot Dimensions (est.)115 ft wide × 59 ft deep

Year Built1960

Property ClassRESIDENTIAL-TWO UNIT

OwnerF M ARELLONO & D L ARELLONO

Assessed Value$505,400

Land Value$276,000

Building Value$229,400

Annual Tax$8,062

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · $10K total declared value · Most recent: Nov 2023 (res)

ResNov 2023Closed

Urban Pine Plumbing and Mechanical Inc

MiscOct 2019Closed

$10K

TOPSIDE INC

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 width102 ft

Buildable depth19 ft

Area~3,523 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 3,523 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
4123 46TH AVE S MINNEAPOLIS MN 55406	PATRICK J O'NEIL REVOC TRUST	RESIDENTIAL-TWO UNIT	$420,000	60 ft
4136 MORRILL LA MINNEAPOLIS MN 55406	KATHRYN N DOLE	RESIDENTIAL	$445,700	106 ft
4117 46TH AVE S MINNEAPOLIS MN 55406	JUDITH A COGGINS	RESIDENTIAL-TWO UNIT	$522,400	120 ft
4130 MORRILL LA MINNEAPOLIS MN 55406	R COLLITON & A TERLIZZI	RESIDENTIAL	$783,300	134 ft
4124 MORRILL LA MINNEAPOLIS MN 55406	WALTER L TANG	RESIDENTIAL	$528,800	164 ft
4111 46TH AVE S MINNEAPOLIS MN 55406	T L WINTZ & D E WINTZ	RESIDENTIAL-TWO UNIT	$515,100	180 ft
4128 46TH AVE S MINNEAPOLIS MN 55406	K FINES & M KUZMA	RESIDENTIAL	$330,500	187 ft
4124 46TH AVE S MINNEAPOLIS MN 55406	SEAN GERVAIS	RESIDENTIAL-TWO UNIT	$376,600	190 ft
4130 46TH AVE S MINNEAPOLIS MN 55406	THEODORE WINTERER	RESIDENTIAL-TWO UNIT	$376,100	192 ft
4120 46TH AVE S MINNEAPOLIS MN 55406	RONALD C DOLL	RESIDENTIAL	$375,300	201 ft

Property History

Current Tax Year

Year2026

Tax Due$8,062