3336 40TH AVE S MINNEAPOLIS MN 55406

PID: 0602823130150

Property Overview

Parcel ID0602823130150

Lot Size4,817 sq ft (0.111 ac)

Lot Dimensions (est.)128 ft wide × 38 ft deep

Year Built1917

Property ClassRESIDENTIAL

OwnerI M CRUZ & D M GOMEZ

Assessed Value$357,100

Land Value$137,000

Building Value$220,100

Annual Tax$5,427

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2022 · $10K total declared value · Most recent: Jun 2023 (misc)

MiscJun 2023Closed

$10K

Precision Exteriors Restoration LLC

ExistresMay 2022Closed

Erickson Plumbing Heating Cooling Inc

ResMay 2022Closed

Erickson Plumbing Heating Cooling Inc

ExistresMay 2022Cancelled

Element Insulation 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 width27 ft

Buildable depth90 ft

Area~2,432 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 2,432 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
3338 40TH AVE S MINNEAPOLIS MN 55406	JULIE BAUCH	RESIDENTIAL	$372,300	39 ft
3334 40TH AVE S MINNEAPOLIS MN 55406	J SANDBAKKEN & K SANDBAKKEN	RESIDENTIAL	$339,100	39 ft
3332 40TH AVE S MINNEAPOLIS MN 55406	JEFFREY N JAX	RESIDENTIAL	$268,000	78 ft
3340 40TH AVE S MINNEAPOLIS MN 55406	B R CHILEEN & R J ERICKSON	RESIDENTIAL	$386,700	79 ft
3328 40TH AVE S MINNEAPOLIS MN 55406	M FITTERMAN & J FITTERMAN	RESIDENTIAL	$514,400	117 ft
3344 40TH AVE S MINNEAPOLIS MN 55406	L A BEROCAY & D J LOWE	RESIDENTIAL	$397,600	119 ft
3335 39TH AVE S MINNEAPOLIS MN 55406	YEN ONG	RESIDENTIAL	$341,000	142 ft
3339 39TH AVE S MINNEAPOLIS MN 55406	NICK POSTUMA JR ETAL	RESIDENTIAL	$317,900	147 ft
3331 39TH AVE S MINNEAPOLIS MN 55406	ELIZABETH J POLAKOWSKI	RESIDENTIAL	$273,000	148 ft
3324 40TH AVE S MINNEAPOLIS MN 55406	P RICKETTS & K RICKETTS	RESIDENTIAL-TWO UNIT	$442,000	157 ft

Property History

Most Recent Sale

Date201504

Price$187,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$5,427