4621 42ND AVE S MINNEAPOLIS MN 55406

PID: 1802823110080

Property Overview

Parcel ID1802823110080

Lot Size5,071 sq ft (0.116 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerKATHERINE A LEVINE

Assessed Value$365,300

Land Value$178,000

Building Value$187,300

Annual Tax$5,442

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

3 permits on record since 2016 · Most recent: Nov 2017 (res)

ResNov 2017Closed

Adam's On-Time Plumbing & Water Heaters LLC

ExistresJul 2017Closed

WOODLAND STOVES & FIREPLACES

ResDec 2016Closed

LINN STAR TRANSFER

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

Neighborhood Profile

Hiawatha · Minneapolis

Median reported rent1,554/mo

Renter-occupied38.8%

Median home value$306K

Vacancy rate5.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1105

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

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 width30 ft

Buildable depth87 ft

Area~2,603 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 2,603 sqft buildable area.

Est. units

Yield on cost

3.3%

Spread

-2.2%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4627 42ND AVE S MINNEAPOLIS MN 55406	WADE R JOHNSON	RESIDENTIAL	$379,600	40 ft
4617 42ND AVE S MINNEAPOLIS MN 55406	FARUQ & KRISTIN I FARUQ	RESIDENTIAL	$362,000	40 ft
4629 42ND AVE S MINNEAPOLIS MN 55406	MARIJA E UGSTAD	RESIDENTIAL	$334,000	80 ft
4615 42ND AVE S MINNEAPOLIS MN 55406	P & B GILLMOR	RESIDENTIAL	$319,000	80 ft
4635 42ND AVE S MINNEAPOLIS MN 55406	JANICE K PETTIT TRUST	RESIDENTIAL	$321,600	120 ft
4609 42ND AVE S MINNEAPOLIS MN 55406	JENNY DELANEY	RESIDENTIAL	$360,600	120 ft
4620 43RD AVE S MINNEAPOLIS MN 55406	THANH T LE	RESIDENTIAL	$360,000	141 ft
4616 43RD AVE S MINNEAPOLIS MN 55406	SARAH WHISLER	RESIDENTIAL	$460,300	146 ft
4624 43RD AVE S MINNEAPOLIS MN 55406	M S BLEAKMORE/J L BLEAKMORE	RESIDENTIAL	$398,000	146 ft
4605 42ND AVE S MINNEAPOLIS MN 55406	JASON CRAIG & KATIE CRAIG	RESIDENTIAL	$334,000	159 ft

Property History

Most Recent Sale

Date202103

Price$353,250

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,442