3038 41ST AVE S MINNEAPOLIS MN 55406

PID: 0602823120042

Property Overview

Parcel ID0602823120042

Lot Size5,131 sq ft (0.118 ac)

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

Year Built1909

Property ClassRESIDENTIAL

OwnerMARGARET MARY KELLY

Assessed Value$294,500

Land Value$144,000

Building Value$150,500

Annual Tax$4,278

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 2018 · $6K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$6K

Bison Builders Inc

ResJan 2023Closed

CenterPoint Energy Resource Corp

ResSep 2020Closed

Urban Pine Plumbing and Mechanical Inc

ResMar 2018Closed

SCOTT THEILBAR O C INSTALLS LLC

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~2,647 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 2,647 sqft buildable area.

Est. units

Yield on cost

3.4%

Spread

-2.1%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3034 41ST AVE S MINNEAPOLIS MN 55406	GRETA C GAARD REVOCABLE TRST	RESIDENTIAL	$294,500	40 ft
3042 41ST AVE S MINNEAPOLIS MN 55406	ANDREW R LACHAPELLE ET AL	RESIDENTIAL	$418,900	41 ft
3030 41ST AVE S MINNEAPOLIS MN 55406	JOHN SOKOLOWSKI	RESIDENTIAL	$341,000	80 ft
3026 41ST AVE S MINNEAPOLIS MN 55406	G M D C GRANT & B J SPANGLER	RESIDENTIAL	$375,800	120 ft
3039 40TH AVE S MINNEAPOLIS MN 55406	KENDRA ENGELS & JASON CARPP	RESIDENTIAL	$382,400	141 ft
3035 40TH AVE S MINNEAPOLIS MN 55406	D L BERG & M J KRUEGER	RESIDENTIAL	$284,500	147 ft
3043 40TH AVE S MINNEAPOLIS MN 55406	L J LOSBY & F A TSUKANO	RESIDENTIAL	$398,000	147 ft
3100 41ST AVE S MINNEAPOLIS MN 55406	SUSAN H FALLDIN	RESIDENTIAL	$342,900	150 ft
3020 41ST AVE S MINNEAPOLIS MN 55406	LORRE E BEHL	RESIDENTIAL	$347,100	161 ft
3031 40TH AVE S MINNEAPOLIS MN 55406	MELISSA A MACKIMM	RESIDENTIAL	$301,900	163 ft

Property History

Most Recent Sale

Date201512

Price$252,600

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,278