3308 41ST AVE S MINNEAPOLIS MN 55406

PID: 0602823130155

Property Overview

Parcel ID0602823130155

Lot Size5,030 sq ft (0.115 ac)

Lot Dimensions (est.)128 ft wide × 39 ft deep

Year Built1908

Property ClassRESIDENTIAL

OwnerSHELDON D SOLBRO & WIFE

Assessed Value$294,000

Land Value$140,000

Building Value$154,000

Annual Tax$4,269

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

7 permits on record since 2019 · $38K total declared value · Most recent: Jul 2024 (misc)

MiscJul 2024Closed

$13K

QUARVE CONTRACTING INC

MiscJul 2024Expired

$2K

QUARVE CONTRACTING INC

ResJun 2023Closed

CenterPoint Energy Resource Corp

MiscJun 2023Closed

$18K

QUARVE CONTRACTING INC

MiscSep 2021Closed

$5K

QUARVE CONTRACTING INC

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 width29 ft

Buildable depth89 ft

Area~2,578 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 2,578 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3310 41ST AVE S MINNEAPOLIS MN 55406	A B PIERCE & S B FRIEDLUND	RESIDENTIAL	$336,400	39 ft
3304 41ST AVE S MINNEAPOLIS MN 55406	3304 41ST AVENUE S LLC	RESIDENTIAL-TWO UNIT	$395,400	40 ft
3316 41ST AVE S MINNEAPOLIS MN 55406	JENNIFER S GLAIM	RESIDENTIAL	$329,600	80 ft
3300 41ST AVE S MINNEAPOLIS MN 55406	CINCH PROPERTIES LLC	TRIPLEX	$338,000	80 ft
3322 41ST AVE S MINNEAPOLIS MN 55406	PADRAIC BRENNAN	RESIDENTIAL-TWO UNIT	$383,300	120 ft
3309 40TH AVE S MINNEAPOLIS MN 55406	MARY EILEEN KELLEY	RESIDENTIAL	$340,200	142 ft
3305 40TH AVE S MINNEAPOLIS MN 55406	PAXTON COREY & SARAH COREY	RESIDENTIAL	$351,100	147 ft
3313 40TH AVE S MINNEAPOLIS MN 55406	J R CONKLIN & L L CONKLIN	RESIDENTIAL	$337,100	148 ft
3324 41ST AVE S MINNEAPOLIS MN 55406	A G BREZINA/W W BREZINA	RESIDENTIAL	$319,700	158 ft
3301 40TH AVE S MINNEAPOLIS MN 55406	S M & S A JOHNSTON JT LV TR	RESIDENTIAL	$329,400	161 ft

Property History

Current Tax Year

Year2026

Tax Due$4,269