3039 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823120039

Property Overview

Parcel ID0602823120039

Lot Size5,130 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerKENDRA ENGELS & JASON CARPP

Assessed Value$382,400

Land Value$144,000

Building Value$238,400

Annual Tax$5,920

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $14K total declared value · Most recent: Oct 2025 (res)

ResOct 2025Inspection

Erik Nelson Plumbing LLC

MiscMay 2024Closed

$14K

Mayday Restoration

ResJun 2023Closed

CenterPoint Energy Resource Corp

ResMay 2022Closed

Warners Stellian Co Inc

ExistresFeb 2020Closed

UPTOWN PLUMBING HEATING AND COOLING

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 depth88 ft

Area~2,646 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 2,646 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3035 40TH AVE S MINNEAPOLIS MN 55406	D L BERG & M J KRUEGER	RESIDENTIAL	$284,500	40 ft
3043 40TH AVE S MINNEAPOLIS MN 55406	L J LOSBY & F A TSUKANO	RESIDENTIAL	$398,000	41 ft
3031 40TH AVE S MINNEAPOLIS MN 55406	MELISSA A MACKIMM	RESIDENTIAL	$301,900	80 ft
3027 40TH AVE S MINNEAPOLIS MN 55406	BONNIE S G ESPLIE	RESIDENTIAL	$333,800	120 ft
3038 41ST AVE S MINNEAPOLIS MN 55406	MARGARET MARY KELLY	RESIDENTIAL	$294,500	141 ft
3042 41ST AVE S MINNEAPOLIS MN 55406	ANDREW R LACHAPELLE ET AL	RESIDENTIAL	$418,900	147 ft
3034 41ST AVE S MINNEAPOLIS MN 55406	GRETA C GAARD REVOCABLE TRST	RESIDENTIAL	$294,500	147 ft
3101 40TH AVE S MINNEAPOLIS MN 55406	JERRY J CLARK	RESIDENTIAL	$218,600	150 ft
3023 40TH AVE S MINNEAPOLIS MN 55406	INNOCENT ONSONGO & RINAL RAY	RESIDENTIAL	$584,000	161 ft
3030 41ST AVE S MINNEAPOLIS MN 55406	JOHN SOKOLOWSKI	RESIDENTIAL	$341,000	163 ft

Property History

Most Recent Sale

Date202104

Price$423,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,920