2848 41ST AVE S MINNEAPOLIS MN 55406

PID: 3102923430177

Property Overview

Parcel ID3102923430177

Lot Size5,169 sq ft (0.119 ac)

Lot Dimensions (est.)129 ft wide × 40 ft deep

Year Built1910

Property ClassRESIDENTIAL

OwnerDUANE BRIAN PEDERSON

Assessed Value$242,300

Land Value$148,000

Building Value$94,300

Annual Tax$3,404

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Cooper · Minneapolis

Median reported rent1,309/mo

Renter-occupied16.5%

Median home value$339K

Vacancy rate5.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1076

Market Snapshot

Zip code 55406

Median sale price$340K+3.0% YoY

Median price / sqft$248/sqft

Median days to close21 days

Active listings39

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

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 depth89 ft

Area~2,676 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 2,676 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
2852 41ST AVE S MINNEAPOLIS MN 55406	KEVIN MCCLELLAN	RESIDENTIAL-TWO UNIT	$406,400	40 ft
2844 41ST AVE S MINNEAPOLIS MN 55406	ANNE MILLER	RESIDENTIAL	$317,100	40 ft
2840 41ST AVE S MINNEAPOLIS MN 55406	MICHAEL BLY	RESIDENTIAL	$316,600	80 ft
2836 41ST AVE S MINNEAPOLIS MN 55406	ANDREW S PAULE	RESIDENTIAL	$367,000	120 ft
2849 40TH AVE S MINNEAPOLIS MN 55406	S I LUND & E S LUND	RESIDENTIAL	$331,700	141 ft
2853 40TH AVE S MINNEAPOLIS MN 55406	CHRISTIE DAUPHIN	RESIDENTIAL	$290,800	146 ft
2845 40TH AVE S MINNEAPOLIS MN 55406	J B KELLY & M E D KELLY	RESIDENTIAL	$392,400	147 ft
2832 41ST AVE S MINNEAPOLIS MN 55406	LAURA ESSENBURG	RESIDENTIAL-TWO UNIT	$467,800	161 ft
4015 29TH ST E MINNEAPOLIS MN 55406	DEBORAL L LACHAPELLE	RESIDENTIAL	$266,200	173 ft
2900 41ST AVE S MINNEAPOLIS MN 55406	C M JONES & A A WARNKE	RESIDENTIAL	$455,200	173 ft

Property History

Most Recent Sale

Date201601

Price$50,000

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$3,404