2825 42ND AVE S MINNEAPOLIS MN 55406

PID: 3102923440084

Property Overview

Parcel ID3102923440084

Lot Size5,171 sq ft (0.119 ac)

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

Year Built1925

Property ClassRESIDENTIAL

OwnerB R & C J THOMPSON

Assessed Value$317,600

Land Value$148,000

Building Value$169,600

Annual Tax$4,664

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

2 permits on record since 2024 · $5K total declared value · Most recent: Oct 2025 (existres)

ExistresOct 2025Closed

Ray N Welter Heating Co

MiscMay 2024Closed

$5K

NMC EXTERIORS AND REMODELING

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~2,678 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 2,678 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
2821 42ND AVE S MINNEAPOLIS MN 55406	CHRISTOPHER LEIER	RESIDENTIAL	$312,200	40 ft
2829 42ND AVE S MINNEAPOLIS MN 55406	LUCINDA FRANTZ	RESIDENTIAL	$441,000	40 ft
2817 42ND AVE S MINNEAPOLIS MN 55406	VAL VOSSEN & DANIMAE VOSSEN	RESIDENTIAL	$599,900	80 ft
2833 42ND AVE S MINNEAPOLIS MN 55406	SARAH RAE EASTMAN	RESIDENTIAL	$293,100	80 ft
2815 42ND AVE S MINNEAPOLIS MN 55406	DIANE SPICER ETAL	RESIDENTIAL-TWO UNIT	$463,100	120 ft
2837 42ND AVE S MINNEAPOLIS MN 55406	MARGARET ELISE PAULSON	RESIDENTIAL	$223,300	120 ft
2824 43RD AVE S MINNEAPOLIS MN 55406	LINDA JEAN DEBEAU-MELTING	RESIDENTIAL	$422,600	141 ft
2820 43RD AVE S MINNEAPOLIS MN 55406	MEGAN HONDL/JEREMY GONZALES	RESIDENTIAL	$364,700	146 ft
2828 43RD AVE S MINNEAPOLIS MN 55406	R M COWLE & A L STERN	RESIDENTIAL	$437,400	147 ft
2809 42ND AVE S MINNEAPOLIS MN 55406	GERALD L & KATHARINE DASTYCH	RESIDENTIAL	$376,900	160 ft

Property History

Most Recent Sale

Date199303

Price$73,750

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,664