3012 41ST AVE S MINNEAPOLIS MN 55406

PID: 0602823120048

Property Overview

Parcel ID0602823120048

Lot Size5,135 sq ft (0.118 ac)

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

Year Built1922

Property ClassRESIDENTIAL

OwnerB D HIGBEE & K A VAN NELSON

Assessed Value$302,100

Land Value$144,000

Building Value$158,100

Annual Tax$4,404

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

3 permits on record since 2017 · $17K total declared value · Most recent: May 2025 (misc)

MiscMay 2025Closed

$17K

SELA ROOFING AND REMODELING INC

ResFeb 2021Closed

Warners Stellian Co Inc

ResJan 2017Closed

CENTERPOINT ENERGY

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~2,650 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 2,650 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
3016 41ST AVE S MINNEAPOLIS MN 55406	LISA D GERARD	RESIDENTIAL	$292,500	40 ft
3008 41ST AVE S MINNEAPOLIS MN 55406	NORA POWERS/MERCEDES PLENDL	RESIDENTIAL	$338,400	40 ft
3020 41ST AVE S MINNEAPOLIS MN 55406	LORRE E BEHL	RESIDENTIAL	$347,100	80 ft
3026 41ST AVE S MINNEAPOLIS MN 55406	G M D C GRANT & B J SPANGLER	RESIDENTIAL	$375,800	120 ft
4023 LAKE ST E MINNEAPOLIS MN 55406	BROWNSMITH PROP MANAGMNT LLC	COMMERCIAL-PREFERRED	$801,000	126 ft
3015 40TH AVE S MINNEAPOLIS MN 55406	G P WEIBEL & T L WEIBEL	RESIDENTIAL	$271,900	141 ft
4009 LAKE ST E MINNEAPOLIS MN 55406	7 OAKS LLC	COMMERCIAL-PREFERRED	$410,000	143 ft
3019 40TH AVE S MINNEAPOLIS MN 55406	BRADLEY CLIFTON WHITSITT	RESIDENTIAL	$326,700	147 ft
3011 40TH AVE S MINNEAPOLIS MN 55406	C SCHISLER & S MCCULLOCH	RESIDENTIAL	$385,000	148 ft
3030 41ST AVE S MINNEAPOLIS MN 55406	JOHN SOKOLOWSKI	RESIDENTIAL	$341,000	160 ft

Property History

Most Recent Sale

Date201812

Price$268,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,404