2833 43RD AVE S MINNEAPOLIS MN 55406

PID: 3102923440111

Property Overview

Parcel ID3102923440111

Lot Size5,177 sq ft (0.119 ac)

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

Year Built1913

Property ClassRESIDENTIAL

OwnerKEVIN M PROESCHOLDT ET AL

Assessed Value$435,100

Land Value$148,000

Building Value$287,100

Annual Tax$6,632

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

4 permits on record since 2002 · $45K total declared value · Most recent: Jan 2026 (existres)

ExistresJan 2026Inspection

$8K

SEDGWICK HEATING & AIR CONDITIONING

ResApr 2023Expired

Warners Stellian Co Inc

ResDec 2016Closed

CHAMPION PLUMBING LLC

Building Re-inspectionMay 2002

$37K

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~2,682 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 2,682 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
2829 43RD AVE S MINNEAPOLIS MN 55406	JOHN H GIDMARK REV LIV TR	RESIDENTIAL	$393,300	40 ft
2837 43RD AVE S MINNEAPOLIS MN 55406	STACY S REMKE	RESIDENTIAL	$346,900	40 ft
2825 43RD AVE S MINNEAPOLIS MN 55406	C A DOWNEY & K L PETERSON	RESIDENTIAL	$341,000	80 ft
2841 43RD AVE S MINNEAPOLIS MN 55406	R H WESTCOTT JR & R J HANSEN	RESIDENTIAL	$345,400	80 ft
2821 43RD AVE S MINNEAPOLIS MN 55406	CHRISTOPHER PAOLA REV LIV TR	RESIDENTIAL	$351,000	120 ft
2845 43RD AVE S MINNEAPOLIS MN 55406	RICHARD W WEISE	RESIDENTIAL	$288,500	120 ft
2830 DORMAN AVE MINNEAPOLIS MN 55406	CAROL JEAN PELTIER	RESIDENTIAL	$297,500	134 ft
2832 DORMAN AVE MINNEAPOLIS MN 55406	ROBERT ALAN ARNTSEN	RESIDENTIAL-TWO UNIT	$389,600	140 ft
2834 44TH AVE S MINNEAPOLIS MN 55406	ROBERT SOUTHWORTH	RESIDENTIAL	$298,200	141 ft
2836 44TH AVE S MINNEAPOLIS MN 55406	K L LAPPEN & J HARRISS RV TR	RESIDENTIAL	$440,500	147 ft

Property History

Most Recent Sale

Date198704

Price$57,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,632