3140 JAMES AVE S MINNEAPOLIS MN 55408

PID: 0402824220066

Property Overview

Parcel ID0402824220066

Lot Size5,878 sq ft (0.135 ac)

Lot Dimensions (est.)129 ft wide × 46 ft deep

Year Built1911

Property ClassRESIDENTIAL

OwnerD & B HEFFERNAN

Assessed Value$890,500

Land Value$300,000

Building Value$590,500

Annual Tax$15,098

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2000 · $160K total declared value · Most recent: Jun 2025 (misc)

MiscJun 2025Closed

$4K

PRESIDENTIAL CONSTRUCTION INC

MiscApr 2021Closed

$9K

RENEWAL BY ANDERSEN CORP

ResMar 2021Closed

Northern's Benjamin Franklin Plumbing

MiscDec 2017Closed

$1K

CREW2 INC

Building Re-inspectionSep 2000

$146K

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

East Bde Maka Ska · Minneapolis

Median reported rent1,601/mo

Renter-occupied66.9%

Median home value$643K

Vacancy rate7.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1080

Market Snapshot

Zip code 55408

Median sale price$390K+6.8% YoY

Median price / sqft$243/sqft

Median days to close62 days

Active listings73

Source: Redfin Data Center (Invalid Date) · Zip 55408

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 width36 ft

Buildable depth88 ft

Area~3,163 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 3,163 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
3136 JAMES AVE S MINNEAPOLIS MN 55408	ROBERT T KEAN LIVING TRUST	RESIDENTIAL	$699,600	46 ft
1708 32ND ST W MINNEAPOLIS MN 55408	J M WICZLING ET AL	RESIDENTIAL-TWO UNIT	$833,400	74 ft
1700 32ND ST W MINNEAPOLIS MN 55408	JON ENGLISH WICZLING	RESIDENTIAL	$530,800	78 ft
3132 JAMES AVE S MINNEAPOLIS MN 55408	3132 JAMES AVE LLC	RESIDENTIAL-TWO UNIT	$747,700	92 ft
3145 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	RAVI BAPNA/SOFIA BAPNA LV TR	RESIDENTIAL	$1,061,600	134 ft
3141 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	J N SAMUELSON/M L SAMUELSON	RESIDENTIAL	$841,500	135 ft
3128 JAMES AVE S MINNEAPOLIS MN 55408	KALE FAMILY REVOCABLE TRUST	RESIDENTIAL	$785,600	137 ft
3149 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	B A GRIMM/K L HOFFMAN JR TRU	RESIDENTIAL	$666,300	148 ft
3139 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	M A BIERMA & M J LACHER	RESIDENTIAL	$883,600	152 ft
3133 E BDE MAKA SKA PKWY MINNEAPOLIS MN 55408	MICHAEL D KELLER REVOC TRUST	RESIDENTIAL	$871,900	179 ft

Property History

Most Recent Sale

Date198409

Price$130,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$15,098