2915 44TH AVE S MINNEAPOLIS MN 55406

PID: 3102923440004

Property Overview

Parcel ID3102923440004

Lot Size5,169 sq ft (0.119 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerMADRID HILLS LLC

Assessed Value$345,900

Land Value$145,000

Building Value$200,900

Annual Tax$5,139

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

1 permit on record since 2019 · $7K total declared value · Most recent: Oct 2019 (misc)

MiscOct 2019Closed

$7K

KLASIC CONSTRUCTION MGMT AND PROPERTY SERVICES LLC

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

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
2909 44TH AVE S MINNEAPOLIS MN 55406	V K HEIDMAN & A M P HEIDMAN	RESIDENTIAL	$377,400	40 ft
2917 44TH AVE S MINNEAPOLIS MN 55406	K A OLSON & S M OLSON ET AL	RESIDENTIAL	$514,900	40 ft
2905 44TH AVE S MINNEAPOLIS MN 55406	J THOEN & K THOEN	RESIDENTIAL	$486,800	80 ft
2921 44TH AVE S MINNEAPOLIS MN 55406	STEPHANIE A MITCHELL	RESIDENTIAL	$327,000	80 ft
2925 44TH AVE S MINNEAPOLIS MN 55406	S STEIN/R VORK/S VORK/P VORK	RESIDENTIAL	$337,500	120 ft
2901 44TH AVE S MINNEAPOLIS MN 55406	JOEL A LOWRY	RESIDENTIAL-TWO UNIT	$507,400	130 ft
2912 45TH AVE S MINNEAPOLIS MN 55406	JANIS A MARTIN REVOC TRUST	RESIDENTIAL	$371,400	141 ft
2908 45TH AVE S MINNEAPOLIS MN 55406	RUDOLF & ELVI BRYNOLFSON	RESIDENTIAL	$378,200	146 ft
2916 45TH AVE S MINNEAPOLIS MN 55406	R & J WELCH	RESIDENTIAL	$246,900	147 ft
2929 44TH AVE S MINNEAPOLIS MN 55406	B BROWN & J O'NEILL	RESIDENTIAL	$348,000	160 ft

Property History

Most Recent Sale

Date202604

Price$325,000

TypeEXCLUDED FROM RATIO STUDIES

Current Tax Year

Year2026

Tax Due$5,139