2707 43RD ST W MINNEAPOLIS MN 55410

PID: 0802824410063

Property Overview

Parcel ID0802824410063

Lot Size8,555 sq ft (0.196 ac)

Lot Dimensions (est.)77 ft wide × 111 ft deep

Year Built1949

Property ClassAPARTMENT

OwnerJEFFREY L ANDERSON

Assessed Value$674,900

Land Value$412,500

Building Value$262,400

Annual Tax$12,767

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,434/mo

Renter-occupied58.4%

Median home value$420K

Vacancy rate3.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1091

Market Snapshot

Zip code 55410

Median sale price$626K+10.3% YoY

Median price / sqft$312/sqft

Median days to close30 days

Active listings56

Source: Redfin Data Center (Invalid Date) · Zip 55410

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 width40 ft

Buildable depth131 ft

Area~5,223 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 5,223 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4313 UPTON AVE S MINNEAPOLIS MN 55410	CITY OF MPLS	LAND-COMMERCIAL	$0	44 ft
2701 43RD ST W MINNEAPOLIS MN 55410	NESLE-IN LLC	APARTMENT	$2,332,300	74 ft
2715 43RD ST W MINNEAPOLIS MN 55410	WEST 43RD ST PROPERTIES LLC	APARTMENT	$2,000,000	75 ft
2719 43RD ST W MINNEAPOLIS MN 55410	WEST 43RD ST PROPERTIES LLC	APARTMENT	$2,100,000	174 ft
2629 43RD ST W MINNEAPOLIS MN 55410	CROCKETT PROPERTIES LP	APARTMENT	$3,490,200	179 ft
2700 43RD ST W MINNEAPOLIS MN 55410	GERRY LEE LUKASKA	RESIDENTIAL	$1,169,700	188 ft
2625 43RD ST W MINNEAPOLIS MN 55410	LINDEN VE LLC	RESIDENTIAL	$529,000	193 ft
2624 44TH ST W MINNEAPOLIS MN 55410	2624 WEST 44TH STREET LLC	RESIDENTIAL	$744,000	193 ft
2630 44TH ST W MINNEAPOLIS MN 55410	2630 W44TH LLC	APARTMENT	$850,500	195 ft
2632 44TH ST W MINNEAPOLIS MN 55410	OSCAR B ANDERSON REV TR	CONDOMINIUM	$551,000	199 ft

Property History

Most Recent Sale

Date201804

Price$620,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$12,767