2912 44TH AVE S MINNEAPOLIS MN 55406

PID: 3102923440050

Property Overview

Parcel ID3102923440050

Lot Size7,753 sq ft (0.178 ac)

Lot Dimensions (est.)129 ft wide × 60 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerWAYNE M FALK

Assessed Value$438,600

Land Value$170,000

Building Value$268,600

Annual Tax$6,690

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 2023 · $25K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$25K

SELA ROOFING AND REMODELING INC

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 width50 ft

Buildable depth89 ft

Area~4,459 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 4,459 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2908 44TH AVE S MINNEAPOLIS MN 55406	H N PALLMEYER/Z L MENSINGER	RESIDENTIAL	$293,900	50 ft
2920 44TH AVE S MINNEAPOLIS MN 55406	A J WOHLHUETER & B DAVIS	RESIDENTIAL	$433,300	60 ft
2904 44TH AVE S MINNEAPOLIS MN 55406	WILLIAM E MCCONAGHAY ET AL	RESIDENTIAL	$341,300	95 ft
2924 44TH AVE S MINNEAPOLIS MN 55406	J W ANTON/M C RUDQUIST ANTON	RESIDENTIAL	$747,500	110 ft
2915 43RD AVE S MINNEAPOLIS MN 55406	S JS MONETTE & K ES MONETTE	RESIDENTIAL	$355,700	141 ft
2917 43RD AVE S MINNEAPOLIS MN 55406	K M SCHWAB & M L SCHWAB	RESIDENTIAL	$323,800	144 ft
2900 44TH AVE S MINNEAPOLIS MN 55406	A MILLER & S RIPLEY	RESIDENTIAL	$348,600	144 ft
2909 43RD AVE S MINNEAPOLIS MN 55406	NOAH KELLER & KATE KELLER	RESIDENTIAL	$356,800	150 ft
2928 44TH AVE S MINNEAPOLIS MN 55406	P-F VAN DE MOORTELE ET AL	RESIDENTIAL	$386,300	150 ft
2921 43RD AVE S MINNEAPOLIS MN 55406	J ERIK ROGERS REVOC TRUST	RESIDENTIAL	$351,400	157 ft

Property History

Most Recent Sale

Date200910

Price$245,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,690