4500 47TH AVE S MINNEAPOLIS MN 55406

PID: 0802823330051

Property Overview

Parcel ID0802823330051

Lot Size5,000 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerK L M NOBLE & J MILES

Assessed Value$404,000

Land Value$161,000

Building Value$243,000

Annual Tax$6,254

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $12K total declared value · Most recent: Apr 2021 (remodel)

RemodelApr 2021Closed

$4K

STANDARD WATER CONTROL SYSTEMS INC

ResJan 2020Closed

HomeWorks Services LLC

MiscJul 2019Closed

$8K

KAUFMAN SHEET METAL ROOFING 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

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 width112 ft

Buildable depth0 ft

Area~2,295 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,295 sqft buildable area.

Est. units

Yield on cost

1.4%

Spread

-4.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4506 47TH AVE S MINNEAPOLIS MN 55406	J A LARSON & L M BERGER	RESIDENTIAL	$392,400	40 ft
4508 47TH AVE S MINNEAPOLIS MN 55406	JANE A DUDEN	RESIDENTIAL	$378,200	80 ft
4454 47TH AVE S MINNEAPOLIS MN 55406	DEAN ANDERSON/NANCY NIEBOER	RESIDENTIAL	$454,800	120 ft
4512 47TH AVE S MINNEAPOLIS MN 55406	W H WATTS/P D WATTS RV LV TR	RESIDENTIAL	$391,700	120 ft
4501 46TH AVE S MINNEAPOLIS MN 55406	DEBRA ANN BASARICH	RESIDENTIAL	$324,900	138 ft
4505 46TH AVE S MINNEAPOLIS MN 55406	B A & A M ENGHUSEN	RESIDENTIAL	$312,000	144 ft
4516 47TH AVE S MINNEAPOLIS MN 55406	THOMAS A HANSON TRUST ET AL	RESIDENTIAL	$403,000	160 ft
4509 46TH AVE S MINNEAPOLIS MN 55406	BRUCE CURRIER	RESIDENTIAL	$243,000	160 ft
4457 46TH AVE S MINNEAPOLIS MN 55406	LORI A LARSON	RESIDENTIAL	$325,900	171 ft
4448 47TH AVE S MINNEAPOLIS MN 55406	REBEKAH FERBER HANES	RESIDENTIAL	$426,300	181 ft

Property History

Most Recent Sale

Date202306

Price$407,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,254