321 43RD ST E MINNEAPOLIS MN 55409

PID: 1002824410121

Property Overview

Parcel ID1002824410121

Lot Size1,041 sq ft (0.024 ac)

Lot Dimensions (est.)24 ft wide × 43 ft deep

Year Built1971

Property ClassTOWNHOUSE

OwnerMARIO MCCLAIN

Assessed Value$203,300

Land Value$91,000

Building Value$112,300

Annual Tax$2,740

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

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

Permit History

2 permits on record since 2021 · Most recent: Jul 2023 (res)

ResJul 2023Closed

CENTERPOINT ENERGY

ExistresApr 2021Closed

Airic's Heating & Air Conditioning Inc

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Minneapolis

Median reported rent1,858/mo

Renter-occupied11.4%

Median home value$326K

Vacancy rate2.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1109

Market Snapshot

Zip code 55409

Median sale price$379K-21.6% YoY

Median price / sqft$218/sqft

Median days to close56 days

Active listings21

Source: Redfin Data Center (Invalid Date) · Zip 55409

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 width14 ft

Buildable depth3 ft

Area~47 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 47 sqft buildable area.

Est. units

Yield on cost

9.9%

Spread

+4.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
319 43RD ST E MINNEAPOLIS MN 55409	JEFFREY A TATE ETAL	TOWNHOUSE	$203,300	24 ft
323 43RD ST E MINNEAPOLIS MN 55409	S&M ASSETS LLC	TOWNHOUSE	$239,700	30 ft
317 43RD ST E MINNEAPOLIS MN 55409	RICHARD D THOMPSON	TOWNHOUSE	$206,500	48 ft
325 43RD ST E MINNEAPOLIS MN 55409	CARL KRAGH ET AL	TOWNHOUSE	$237,500	66 ft
315 43RD ST E MINNEAPOLIS MN 55409	MARTIN TREVOR LAWRENCE	TOWNHOUSE	$245,000	68 ft
327 43RD ST E MINNEAPOLIS MN 55409	NEPHETERI LARK	TOWNHOUSE	$239,700	96 ft
313 43RD ST E MINNEAPOLIS MN 55409	DIRIBE TARAFA	TOWNHOUSE	$211,900	101 ft
4321 3RD AVE S MINNEAPOLIS MN 55409	JANICE E RICKS	TOWNHOUSE	$216,100	117 ft
4323 3RD AVE S MINNEAPOLIS MN 55409	SHERI RHYAN	TOWNHOUSE	$241,800	121 ft
311 43RD ST E MINNEAPOLIS MN 55409	CASSANDRA ROBINSON	TOWNHOUSE	$241,800	124 ft

Property History

Most Recent Sale

Date198805

Price$52,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$2,740