2845 42ND AVE S MINNEAPOLIS MN 55406

PID: 3102923440089

Property Overview

Parcel ID3102923440089

Lot Size5,171 sq ft (0.119 ac)

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

Year Built1918

Property ClassRESIDENTIAL

OwnerEMILY M JORGENSEN

Assessed Value$302,200

Land Value$148,000

Building Value$154,200

Annual Tax$4,406

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 2019 · $6K total declared value · Most recent: May 2024 (res)

ResMay 2024Closed

API Companies

MiscDec 2019Closed

$6K

NORTHRUP 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
2841 42ND AVE S MINNEAPOLIS MN 55406	J L CARLSON & C A HERRICK	RESIDENTIAL	$329,600	40 ft
2849 42ND AVE S MINNEAPOLIS MN 55406	S A ANTON & J L LYSEN TRSTES	RESIDENTIAL	$354,700	40 ft
2837 42ND AVE S MINNEAPOLIS MN 55406	MARGARET ELISE PAULSON	RESIDENTIAL	$223,300	80 ft
2853 42ND AVE S MINNEAPOLIS MN 55406	M S BENISHEK/S R TOOLE	RESIDENTIAL	$351,900	80 ft
2833 42ND AVE S MINNEAPOLIS MN 55406	SARAH RAE EASTMAN	RESIDENTIAL	$293,100	120 ft
2844 43RD AVE S MINNEAPOLIS MN 55406	MARY ELLEN BUSCHER	RESIDENTIAL	$315,200	141 ft
2848 43RD AVE S MINNEAPOLIS MN 55406	J M YOUNGGREN/L I YOUNGGREN	RESIDENTIAL	$313,000	146 ft
2840 43RD AVE S MINNEAPOLIS MN 55406	E HARRINGTON & T KUWABARA	RESIDENTIAL	$399,900	146 ft
2829 42ND AVE S MINNEAPOLIS MN 55406	LUCINDA FRANTZ	RESIDENTIAL	$441,000	160 ft
2852 43RD AVE S MINNEAPOLIS MN 55406	RANDY S & DEBORA L HELMEL	RESIDENTIAL	$396,000	162 ft

Property History

Most Recent Sale

Date202312

Price$265,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,406