1842 42ND ST E MINNEAPOLIS MN 55407

PID: 1202824230130

Property Overview

Parcel ID1202824230130

Lot Size2,600 sq ft (0.060 ac)

Lot Dimensions (est.)40 ft wide × 65 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerBRET M HAAGE

Assessed Value$152,300

Land Value$73,000

Building Value$79,300

Annual Tax$3,448

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Goods and Services CorridorHigh

On a Minneapolis 2040 Goods and Services Corridor — zoning supports commercial and light industrial uses.

Minneapolis Great Streets ↗

Potential programs

Great Streets Façade Improvement ProgramMedium

Matching grants for exterior improvements to commercial buildings on eligible corridors; contact CPED for current availability.

Minneapolis — Facade Improvement Matching Grant ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

1 permit on record since 2026 · Most recent: Jan 2026 (existres)

ExistresJan 2026Inspection

Hoffman Refrigeration and Heating Ltd

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

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,159/mo

Renter-occupied26.1%

Median home value$309K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1101

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

RM1Residence Goods and Services

Residential Mixed-Use 1 — low-density mixed residential

Typical Uses

·Apartments
·Townhomes
·Neighborhood-scale retail on ground floor

Max Height45 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth25 ft

Area~752 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 sfr / adu benchmarks for 752 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1838 42ND ST E MINNEAPOLIS MN 55407	R P JOHNDROW & Y G MADRIZ	RESIDENTIAL	$196,800	39 ft
4152 LONGFELLOW AVE MINNEAPOLIS MN 55407	D A JOHNSON/C A RICH-JOHNSON	RESIDENTIAL	$236,400	41 ft
4148 LONGFELLOW AVE MINNEAPOLIS MN 55407	J L IVERSON & C R RUBEY	RESIDENTIAL	$273,100	53 ft
4144 LONGFELLOW AVE MINNEAPOLIS MN 55407	FERN E WEISS	RESIDENTIAL	$150,400	92 ft
4200 LONGFELLOW AVE MINNEAPOLIS MN 55407	PEISERT PROPERTIES LLC	RESIDENTIAL	$292,000	130 ft
4140 LONGFELLOW AVE MINNEAPOLIS MN 55407	ROBERT PIEH & LAUREN PIPER	RESIDENTIAL	$343,400	132 ft
4155 CEDAR AVE S MINNEAPOLIS MN 55407	42ND ST PROPERTIES LLC	COMMERCIAL-NON PREFERRED	$950,000	134 ft
4145 CEDAR AVE S MINNEAPOLIS MN 55407	LANDV LLC	LAND-COMMERCIAL	$68,200	144 ft
4143 CEDAR AVE S MINNEAPOLIS MN 55407	LANDV LLC	LAND-COMMERCIAL	$34,100	157 ft
4204 LONGFELLOW AVE MINNEAPOLIS MN 55407	ELIZABETH M KADLEC	RESIDENTIAL	$340,000	163 ft

Property History

Current Tax Year

Year2026

Tax Due$3,448