2916 45TH AVE S MINNEAPOLIS MN 55406

PID: 3102923440024

Property Overview

Parcel ID3102923440024

Lot Size5,169 sq ft (0.119 ac)

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

Year Built1926

Property ClassRESIDENTIAL

OwnerR & J WELCH

Assessed Value$246,900

Land Value$145,000

Building Value$101,900

Annual Tax$3,481

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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
2920 45TH AVE S MINNEAPOLIS MN 55406	A N RENKEN & M VIEAUX	RESIDENTIAL	$315,100	40 ft
2912 45TH AVE S MINNEAPOLIS MN 55406	JANIS A MARTIN REVOC TRUST	RESIDENTIAL	$371,400	40 ft
2924 45TH AVE S MINNEAPOLIS MN 55406	D M MASLAR & L L MASLER	RESIDENTIAL-TWO UNIT	$485,800	80 ft
2908 45TH AVE S MINNEAPOLIS MN 55406	RUDOLF & ELVI BRYNOLFSON	RESIDENTIAL	$378,200	80 ft
2928 45TH AVE S MINNEAPOLIS MN 55406	BRIGID GROSS/PATRICK PHENOW	RESIDENTIAL	$360,400	120 ft
2904 45TH AVE S MINNEAPOLIS MN 55406	SUSAN R WEISMAN	RESIDENTIAL	$316,900	125 ft
2917 44TH AVE S MINNEAPOLIS MN 55406	K A OLSON & S M OLSON ET AL	RESIDENTIAL	$514,900	141 ft
2921 44TH AVE S MINNEAPOLIS MN 55406	STEPHANIE A MITCHELL	RESIDENTIAL	$327,000	146 ft
2915 44TH AVE S MINNEAPOLIS MN 55406	MADRID HILLS LLC	RESIDENTIAL	$345,900	147 ft
2932 45TH AVE S MINNEAPOLIS MN 55406	ERIK POWERS & SARAH LEDUC	RESIDENTIAL	$430,100	160 ft

Property History

Current Tax Year

Year2026

Tax Due$3,481