45 RUSSELL AVE S MINNEAPOLIS MN 55405

PID: 2902924110209

Property Overview

Parcel ID2902924110209

Lot Size5,114 sq ft (0.117 ac)

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

Year Built1934

Property ClassRESIDENTIAL

OwnerDONETTE P RICO

Assessed Value$373,300

Land Value$188,000

Building Value$185,300

Annual Tax$5,571

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2020 · $58K total declared value · Most recent: Jan 2026 (misc)

MiscJan 2026Closed

$21K

RENEWAL BY ANDERSEN CORP

ResDec 2024Closed

CenterPoint Energy Resource Corp

ExistresJan 2021Closed

Patton Heating And Air Conditioning Inc

RemodelNov 2020Closed

$23K

WOODEN DREAMS INC

AdditionJul 2020Closed

$14K

WOODEN DREAMS INC

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

Neighborhood Profile

Bryn - Mawr · Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

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~2,634 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 2,634 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
49 RUSSELL AVE S MINNEAPOLIS MN 55405	M E BARRY & E W BARRY	RESIDENTIAL	$550,300	40 ft
41 RUSSELL AVE S MINNEAPOLIS MN 55405	BROCK M TRAUTMAN	RESIDENTIAL	$558,600	40 ft
53 RUSSELL AVE S MINNEAPOLIS MN 55405	DEVRIES REVOCABLE TRUST	RESIDENTIAL	$475,300	80 ft
37 RUSSELL AVE S MINNEAPOLIS MN 55405	ERIC CONNIFF	RESIDENTIAL	$371,800	80 ft
57 RUSSELL AVE S MINNEAPOLIS MN 55405	SETH ROWAN & ROBYN BROWNING	RESIDENTIAL	$492,800	120 ft
33 RUSSELL AVE S MINNEAPOLIS MN 55405	COLTON WESOLOSKI	RESIDENTIAL	$330,400	120 ft
40 QUEEN AVE S MINNEAPOLIS MN 55405	ANNE ELIZABETH JASOBSON	RESIDENTIAL	$397,300	145 ft
48 QUEEN AVE S MINNEAPOLIS MN 55405	SHANE M & SARAH E LUNDGREN	RESIDENTIAL	$403,800	145 ft
29 RUSSELL AVE S MINNEAPOLIS MN 55405	E A W MENTADO & J W MENTADO	RESIDENTIAL	$362,000	160 ft
52 QUEEN AVE S MINNEAPOLIS MN 55405	SHELDON S REE	RESIDENTIAL	$427,700	162 ft

Property History

Most Recent Sale

Date199607

Price$112,500

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,571