615 46TH AVE N MINNEAPOLIS MN 55412

PID: 1211821430037

Property Overview

Parcel ID1211821430037

Lot Size3,467 sq ft (0.080 ac)

Lot Dimensions (est.)44 ft wide × 79 ft deep

Year Built1923

Property ClassRESIDENTIAL

OwnerBRIAN MENSCHING

Assessed Value$114,000

Land Value$25,000

Building Value$89,000

Annual Tax$1,255

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Area of Concentrated PovertyHigh

In an ACP50 area — a Minneapolis priority designation that increases scoring for Great Streets gap financing, Affordable Housing Trust Fund, and other CPED programs.

Minneapolis — Affordable Housing Trust Fund ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Lind - Bohanon · Minneapolis

Median reported rent1,200/mo

Renter-occupied30.7%

Median home value$219K

Vacancy rate6.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1.02

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width33 ft

Buildable depth41 ft

Area~1,337 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 small multifamily (2–4 units, wood frame) benchmarks for 1,337 sqft buildable area.

Est. units

Yield on cost

2.8%

Spread

-2.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
623 46TH AVE N MINNEAPOLIS MN 55412	CHOU LOR	RESIDENTIAL	$115,900	64 ft
4550 CAMDEN AVE N MINNEAPOLIS MN 55412	KENNETH NIELSEN	RESIDENTIAL	$176,100	74 ft
4555 LYNDALE AVE N MINNEAPOLIS MN 55412	SOOKDEO SOMAIAH	LAND-COMMERCIAL	$34,700	101 ft
4559 LYNDALE AVE N MINNEAPOLIS MN 55412	SOOKDEO SOMAIAH	LAND-COMMERCIAL	$37,200	104 ft
4546 CAMDEN AVE N MINNEAPOLIS MN 55412	M BREKKE & J H BREKKE	RESIDENTIAL	$170,500	109 ft
4600 CAMDEN AVE N MINNEAPOLIS MN 55412	LUIS ALFREDO MOROCHO CARCHI	RESIDENTIAL	$270,200	125 ft
4539 LYNDALE AVE N MINNEAPOLIS MN 55412	SOOKDEO SOMAIAH	COMMERCIAL-PREFERRED	$472,000	147 ft
4538 CAMDEN AVE N MINNEAPOLIS MN 55412	DAVID MEAWAY/JOKO MEAWAY	RESIDENTIAL	$187,100	158 ft
4606 CAMDEN AVE N MINNEAPOLIS MN 55412	LUIS DUCHI	RESIDENTIAL-TWO UNIT	$231,100	161 ft
4601 LYNDALE AVE N MINNEAPOLIS MN 55412	MAYFIELD REL EST HLDGS LLC	RESIDENTIAL	$583,000	178 ft

Property History

Most Recent Sale

Date202206

Price$139,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$1,255