2900 43RD AVE S MINNEAPOLIS MN 55406

PID: 3102923440077

Property Overview

Parcel ID3102923440077

Lot Size7,712 sq ft (0.177 ac)

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

Year Built1919

Property ClassRESIDENTIAL

OwnerJ A HOFMAN & K R LOSSE

Assessed Value$284,700

Land Value$171,000

Building Value$113,700

Annual Tax$4,114

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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width116 ft

Buildable depth20 ft

Area~4,164 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 4,164 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2904 43RD AVE S MINNEAPOLIS MN 55406	ELIZABETH OTOOLE	RESIDENTIAL	$293,600	50 ft
2908 43RD AVE S MINNEAPOLIS MN 55406	MARISSA MYHRE	RESIDENTIAL	$337,700	90 ft
2912 43RD AVE S MINNEAPOLIS MN 55406	T L STOKKE & A E STOKKE	RESIDENTIAL	$374,200	130 ft
2852 43RD AVE S MINNEAPOLIS MN 55406	RANDY S & DEBORA L HELMEL	RESIDENTIAL	$396,000	130 ft
2901 42ND AVE S MINNEAPOLIS MN 55406	DOUGLAS A KELM	RESIDENTIAL-TWO UNIT	$387,400	141 ft
2905 42ND AVE S MINNEAPOLIS MN 55406	DANIEL NOVAK & SARAH LICHTER	RESIDENTIAL-TWO UNIT	$359,500	148 ft
2909 42ND AVE S MINNEAPOLIS MN 55406	P A POST & P L POST	RESIDENTIAL	$369,300	167 ft
2916 43RD AVE S MINNEAPOLIS MN 55406	S J MICHAEL & L S SCHWARZ	RESIDENTIAL	$426,200	170 ft
2848 43RD AVE S MINNEAPOLIS MN 55406	J M YOUNGGREN/L I YOUNGGREN	RESIDENTIAL	$313,000	170 ft
2901 43RD AVE S MINNEAPOLIS MN 55406	T ROUNDS & M PHILLIPSON	RESIDENTIAL	$414,700	189 ft

Property History

Most Recent Sale

Date199302

Price$60,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,114