46 BARTON AVE S E MINNEAPOLIS MN 55414

PID: 3002923420102

Property Overview

Parcel ID3002923420102

Lot Size5,709 sq ft (0.131 ac)

Lot Dimensions (est.)115 ft wide × 50 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerAMY WOLDT & RYAN WOLDT

Assessed Value$626,000

Land Value$194,000

Building Value$432,000

Annual Tax$9,707

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Prospect Park - East River Road · Minneapolis

Median reported rent1,631/mo

Renter-occupied57.3%

Median home value$455K

Vacancy rate11.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1256

Market Snapshot

Zip code 55414

Median sale price$385K+13.2% YoY

Median price / sqft$233/sqft

Median days to close91 days

Active listings36

Source: Redfin Data Center (Invalid Date) · Zip 55414

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 width40 ft

Buildable depth74 ft

Area~2,869 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 2,869 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
50 BARTON AVE S E MINNEAPOLIS MN 55414	GILBERT G AHLSTRAND	RESIDENTIAL	$434,900	58 ft
40 BARTON AVE S E MINNEAPOLIS MN 55414	ANDREW SVEEN & KAIA JOHNSON	RESIDENTIAL	$783,500	62 ft
169 MALCOLM AVE S E MINNEAPOLIS MN 55414	NANCY KAY KARI	RESIDENTIAL	$571,700	108 ft
38 BARTON AVE S E MINNEAPOLIS MN 55414	JEANNE E SIELAFF	RESIDENTIAL	$512,600	129 ft
175 MALCOLM AVE S E MINNEAPOLIS MN 55414	NINI I EBBIGHAUSEN	RESIDENTIAL	$416,800	130 ft
64 BARTON AVE S E MINNEAPOLIS MN 55414	PAUL CAROLAN	RESIDENTIAL	$719,000	138 ft
165 MALCOLM AVE S E MINNEAPOLIS MN 55414	MICHAEL D LEVITT TRUST	RESIDENTIAL	$410,300	138 ft
36 BARTON AVE S E MINNEAPOLIS MN 55414	UTA WOLFE	RESIDENTIAL	$329,500	151 ft
179 MALCOLM AVE S E MINNEAPOLIS MN 55414	J M GARBARINI & E T CARL	RESIDENTIAL	$582,000	162 ft
159 MALCOLM AVE S E MINNEAPOLIS MN 55414	L OUELLETTE-HOWITZ & J TAO	RESIDENTIAL	$352,800	177 ft

Property History

Most Recent Sale

Date201204

Price$370,800

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$9,707