2300 42ND ST E MINNEAPOLIS MN 55406

PID: 1202824240194

Property Overview

Parcel ID1202824240194

Lot Size2,932 sq ft (0.067 ac)

Lot Dimensions (est.)40 ft wide × 73 ft deep

Year Built1916

Property ClassRESIDENTIAL

OwnerTERESA A NELSON

Assessed Value$195,600

Land Value$80,000

Building Value$115,600

Annual Tax$2,612

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $14K total declared value · Most recent: Dec 2025 (existres)

ExistresDec 2025Closed

Standard Heating and Air Conditioning Inc

MiscDec 2023Closed

$14K

WISE DESIGN & REMODEL LLC

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

Neighborhood Profile

Standish · Minneapolis

Median reported rent1,387/mo

Renter-occupied12.2%

Median home value$296K

Vacancy rate5.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1102

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55406

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)10 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width25 ft

Buildable depth33 ft

Area~833 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 833 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2304 42ND ST E MINNEAPOLIS MN 55406	E SKELTON & A THOMAS	RESIDENTIAL	$215,000	41 ft
4149 23RD AVE S MINNEAPOLIS MN 55407	NATHAN B SHEPHERD	RESIDENTIAL	$355,500	70 ft
2308 42ND ST E MINNEAPOLIS MN 55406	E RODRIGUEZ-HEFTY & N AUER	RESIDENTIAL	$237,000	82 ft
4145 23RD AVE S MINNEAPOLIS MN 55407	KRISTI CARLSON & L K STEBOR	RESIDENTIAL	$282,400	105 ft
2240 42ND ST E MINNEAPOLIS MN 55407	IH2 PROPERTY ILLINOIS LP	RESIDENTIAL	$370,800	113 ft
4141 23RD AVE S MINNEAPOLIS MN 55407	NATHAN WHITTAKER/JESSICA LEE	RESIDENTIAL	$279,500	143 ft
4148 23RD AVE S MINNEAPOLIS MN 55407	AUGUST A JOKELA	RESIDENTIAL	$175,000	154 ft
4201 23RD AVE S MINNEAPOLIS MN 55407	J M REAMS & A H BALDRY	RESIDENTIAL	$397,100	154 ft
4144 23RD AVE S MINNEAPOLIS MN 55407	STEVEN E KLEIN & ANN K KLEIN	RESIDENTIAL	$297,400	173 ft
2236 42ND ST E MINNEAPOLIS MN 55407	LOREEN HELEN ANDERZA	RESIDENTIAL	$253,400	176 ft

Property History

Most Recent Sale

Date200101

Price$89,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,612