3132 41ST AVE S MINNEAPOLIS MN 55406

PID: 0602823120081

Property Overview

Parcel ID0602823120081

Lot Size5,125 sq ft (0.118 ac)

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

Year Built1913

Property ClassRESIDENTIAL

OwnerHIRUT N MAY

Assessed Value$316,000

Land Value$141,000

Building Value$175,000

Annual Tax$4,943

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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~2,643 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 2,643 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
3128 41ST AVE S MINNEAPOLIS MN 55406	JAMES E BONES	RESIDENTIAL	$309,700	40 ft
3136 41ST AVE S MINNEAPOLIS MN 55406	THEODORE J BUHL	RESIDENTIAL	$337,500	40 ft
3124 41ST AVE S MINNEAPOLIS MN 55406	M S JOHNSON & S MILSTEIN	RESIDENTIAL	$411,900	80 ft
3140 41ST AVE S MINNEAPOLIS MN 55406	AW HOMES LIMITED	LAND-COMMERCIAL	$81,900	80 ft
3120 41ST AVE S MINNEAPOLIS MN 55406	BENJAMIN P STANNARD	RESIDENTIAL	$434,600	120 ft
3133 40TH AVE S MINNEAPOLIS MN 55406	PHILIP A SCANLON	RESIDENTIAL	$336,000	142 ft
3129 40TH AVE S MINNEAPOLIS MN 55406	JOSHUA ORPEN & AMY KAYLOR	RESIDENTIAL	$344,700	147 ft
3137 40TH AVE S MINNEAPOLIS MN 55406	M HANSEN & D STEBEN	RESIDENTIAL	$305,300	148 ft
3116 41ST AVE S MINNEAPOLIS MN 55406	N SEHNERT & M TANGEDAL	RESIDENTIAL	$393,200	160 ft
3125 40TH AVE S MINNEAPOLIS MN 55406	M COONEY & A IVERSON	RESIDENTIAL	$405,900	162 ft

Property History

Most Recent Sale

Date200011

Price$100,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,943