318 44TH ST E MINNEAPOLIS MN 55409

PID: 1002824410158

Property Overview

Parcel ID1002824410158

Lot Size1,041 sq ft (0.024 ac)

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

Year Built1971

Property ClassTOWNHOUSE

OwnerJEFFREY R AUSTIN

Assessed Value$211,900

Land Value$91,000

Building Value$120,900

Annual Tax$2,883

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 2018 · $5K total declared value · Most recent: Aug 2018 (misc)

MiscAug 2018Closed

$5K

RENEWAL BY ANDERSEN CORP

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 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
316 44TH ST E MINNEAPOLIS MN 55409	PEGEEN M LAWROW	TOWNHOUSE	$216,100	24 ft
320 44TH ST E MINNEAPOLIS MN 55409	S P GILREATH/D N GILREATH JR	TOWNHOUSE	$211,900	24 ft
322 44TH ST E MINNEAPOLIS MN 55409	CATLIN A WESTON	TOWNHOUSE	$252,500	54 ft
314 44TH ST E MINNEAPOLIS MN 55409	CLAIRE MARIE BENFER	TOWNHOUSE	$231,100	65 ft
324 44TH ST E MINNEAPOLIS MN 55409	DENISE FELDER	TOWNHOUSE	$258,900	90 ft
312 44TH ST E MINNEAPOLIS MN 55409	J G VASQUEZ & J G JARAMILLO	TOWNHOUSE	$203,300	101 ft
326 44TH ST E MINNEAPOLIS MN 55409	KURT W STOCKE	TOWNHOUSE	$206,500	120 ft
310 44TH ST E MINNEAPOLIS MN 55409	AZEB T HAILE	TOWNHOUSE	$211,900	125 ft
4359 3RD AVE S MINNEAPOLIS MN 55409	CAROL ANN K HANSEN	TOWNHOUSE	$206,500	129 ft
4357 3RD AVE S MINNEAPOLIS MN 55409	KRISTIN A SHIVELY	TOWNHOUSE	$203,300	138 ft

Property History

Most Recent Sale

Date200401

Price$149,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,883