5344 42ND AVE S MINNEAPOLIS MN 55417

PID: 1802823430179

Property Overview

Parcel ID1802823430179

Lot Size5,123 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1938

Property ClassRESIDENTIAL

OwnerMELISSA M/TIMOTHY J HEINLEIN

Assessed Value$322,100

Land Value$122,000

Building Value$200,100

Annual Tax$4,774

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

5 permits on record since 2020 · $6K total declared value · Most recent: May 2025 (res)

ResMay 2025Closed

Ron the Sewer Rat Inc

ResSep 2024Closed

Warners Stellian Co Inc

ExistresJan 2024Closed

Standard Heating and Air Conditioning Inc

MiscMay 2022Closed

$2K

BUDGET EXTERIORS INC

MiscDec 2020Closed

$3K

Options Exteriors

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

Neighborhood Profile

Minnehaha · Minneapolis

Median reported rent1,555/mo

Renter-occupied20.2%

Median home value$286K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 119.98

Market Snapshot

Zip code 55417

Median sale price$371K-4.4% YoY

Median price / sqft$244/sqft

Median days to close34 days

Active listings28

Source: Redfin Data Center (Invalid Date) · Zip 55417

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 depth88 ft

Area~2,641 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 2,641 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5340 42ND AVE S MINNEAPOLIS MN 55417	D B SUSAG & K A SUSAG	RESIDENTIAL	$247,000	40 ft
5348 42ND AVE S MINNEAPOLIS MN 55417	RYAN KEITH HILLER	RESIDENTIAL	$385,000	40 ft
5336 42ND AVE S MINNEAPOLIS MN 55417	LAURA A ROSTER	RESIDENTIAL	$294,100	80 ft
MN	Unknown	—	—	80 ft
MN	Unknown	—	—	80 ft
4118 54TH ST E MINNEAPOLIS MN 55417	KINGSLEY NWAIWU GOLD LLC	RESIDENTIAL-TWO UNIT	$309,300	80 ft
MN	Unknown	—	—	80 ft
5332 42ND AVE S MINNEAPOLIS MN 55417	LARRY D KERN & WIFE	RESIDENTIAL	$236,100	120 ft
5345 41ST AVE S MINNEAPOLIS MN 55417	MALLORY PRECHT	RESIDENTIAL	$276,200	142 ft
5349 41ST AVE S MINNEAPOLIS MN 55417	TRACY E LINDMARK	RESIDENTIAL	$242,100	147 ft

Property History

Most Recent Sale

Date201407

Price$178,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,774