327 43RD ST E MINNEAPOLIS MN 55409

PID: 1002824410124

Property Overview

Parcel ID1002824410124

Lot Size1,049 sq ft (0.024 ac)

Lot Dimensions (est.)25 ft wide × 43 ft deep

Year Built1971

Property ClassTOWNHOUSE

OwnerNEPHETERI LARK

Assessed Value$239,700

Land Value$87,000

Building Value$152,700

Annual Tax$3,347

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

1 permit on record since 2017 · $3K total declared value · Most recent: May 2017 (misc)

MiscMay 2017Closed

$3K

SELA ROOFING AND REMODELING INC

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

Neighborhood Profile

Regina · 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 depth4 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

10.3%

Spread

+4.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
325 43RD ST E MINNEAPOLIS MN 55409	CARL KRAGH ET AL	TOWNHOUSE	$237,500	30 ft
323 43RD ST E MINNEAPOLIS MN 55409	S&M ASSETS LLC	TOWNHOUSE	$239,700	66 ft
329 43RD ST E MINNEAPOLIS MN 55409	HEIDI JONES	TOWNHOUSE	$232,200	84 ft
331 43RD ST E MINNEAPOLIS MN 55409	KELLY ANN NEUBERT	TOWNHOUSE	$229,000	86 ft
321 43RD ST E MINNEAPOLIS MN 55409	MARIO MCCLAIN	TOWNHOUSE	$203,300	96 ft
333 43RD ST E MINNEAPOLIS MN 55409	G A RUSSELL & W P KITZMANN	TOWNHOUSE	$229,000	106 ft
319 43RD ST E MINNEAPOLIS MN 55409	JEFFREY A TATE ETAL	TOWNHOUSE	$203,300	120 ft
4329 3RD AVE S MINNEAPOLIS MN 55409	JODIE LYNN DUNCAN	TOWNHOUSE	$211,900	123 ft
4327 3RD AVE S MINNEAPOLIS MN 55409	A PHILLIPS & K R HENAGIN	TOWNHOUSE	$216,100	124 ft
335 43RD ST E MINNEAPOLIS MN 55409	NATALIE HAYES/NICOLAS ANDRES	TOWNHOUSE	$208,700	125 ft

Property History

Most Recent Sale

Date202107

Price$215,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,347