3701 47TH ST E MINNEAPOLIS MN 55406

PID: 1802823210004

Property Overview

Parcel ID1802823210004

Lot Size4,521 sq ft (0.104 ac)

Lot Dimensions (est.)82 ft wide × 55 ft deep

Year Built2015

Property ClassRESIDENTIAL

OwnerJACOB HUTCHINS

Assessed Value$794,500

Land Value$191,000

Building Value$603,500

Annual Tax$13,282

Environmental Constraints

FloodplainYes — Zone AE

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Ericsson · Minneapolis

Median reported rent1,733/mo

Renter-occupied14.2%

Median home value$372K

Vacancy rate2.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1111

Market Snapshot

Zip code 55406

Median sale price$386K+4.2% YoY

Median price / sqft$263/sqft

Median days to close13 days

Active listings43

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

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 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.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width69 ft

Buildable depth15 ft

Area~2,125 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 2,125 sqft buildable area.

Est. units

Yield on cost

1.5%

Spread

-4.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
4702 38TH AVE S MINNEAPOLIS MN 55406	MICHAEL P QUINN/CHANNRA YIM	RESIDENTIAL	$296,000	43 ft
4706 38TH AVE S MINNEAPOLIS MN 55406	J J SEELEY-KREISMAN	RESIDENTIAL	$407,000	82 ft
3625 47TH ST E MINNEAPOLIS MN 55406	BARBARA KRANTZ	RESIDENTIAL	$471,000	111 ft
4710 38TH AVE S MINNEAPOLIS MN 55406	V G & E E BACH JR	RESIDENTIAL	$407,200	117 ft
4737 38TH AVE S MINNEAPOLIS MN 55406	CITY OF MPLS PARK BOARD	VACANT LAND-RESIDENTIAL	$0	118 ft
3621 47TH ST E MINNEAPOLIS MN 55406	PATRICIA A PERKINS	RESIDENTIAL	$306,000	150 ft
4714 38TH AVE S MINNEAPOLIS MN 55406	M A HOFLER & G A BELL	RESIDENTIAL	$331,000	154 ft
4719 37TH AVE S MINNEAPOLIS MN 55406	JESSICA W MILLER	RESIDENTIAL	$491,400	165 ft
3617 47TH ST E MINNEAPOLIS MN 55406	ROBERT N GOMAN	RESIDENTIAL	$518,100	190 ft
4712 37TH AVE S MINNEAPOLIS MN 55406	RANDALL RAY FORSTAD	RESIDENTIAL	$344,000	193 ft

Property History

Most Recent Sale

Date201408

Price$225,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$13,282