5412 46TH AVE S MINNEAPOLIS MN 55417

PID: 1902823110004

Property Overview

Parcel ID1902823110004

Lot Size5,122 sq ft (0.118 ac)

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

Year Built1940

Property ClassRESIDENTIAL

OwnerGALINA DRONOVA

Assessed Value$295,200

Land Value$101,000

Building Value$194,200

Annual Tax$4,273

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

2 permits on record since 2023 · Most recent: Jul 2024 (res)

ResJul 2024Closed

Warners Stellian Co Inc

ResMar 2023Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Morris Park · Minneapolis

Median reported rent1,438/mo

Renter-occupied18.6%

Median home value$267K

Vacancy rate2.5%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 121.02

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~2,640 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 2,640 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
5408 46TH AVE S MINNEAPOLIS MN 55417	JAMES P HARTZBERG	RESIDENTIAL	$247,600	40 ft
5416 46TH AVE S MINNEAPOLIS MN 55417	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	40 ft
5404 46TH AVE S MINNEAPOLIS MN 55417	MARK HENDRICKSON	RESIDENTIAL	$281,200	80 ft
5420 46TH AVE S MINNEAPOLIS MN 55417	M D MCCABE & A M MCCABE	RESIDENTIAL	$289,600	80 ft
5400 46TH AVE S MINNEAPOLIS MN 55417	J ECKSTROM & Z ECKSTROM	RESIDENTIAL	$264,700	120 ft
5424 46TH AVE S MINNEAPOLIS MN 55417	LEAH TOTH & COREY TOTH	RESIDENTIAL	$388,900	120 ft
5413 45TH AVE S MINNEAPOLIS MN 55417	J A HANSON & D HANSON	RESIDENTIAL	$308,000	142 ft
5417 45TH AVE S MINNEAPOLIS MN 55417	SUSAN L WOOD	RESIDENTIAL	$203,800	147 ft
5409 45TH AVE S MINNEAPOLIS MN 55417	JOEL J MUELLER	RESIDENTIAL	$383,500	147 ft
5428 46TH AVE S MINNEAPOLIS MN 55417	M T HANSON & V A HANSON	RESIDENTIAL	$264,200	160 ft

Property History

Most Recent Sale

Date202406

Price$311,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,273